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Property profile & analytics
OFF-MARKET
Estimated value
$16,770,000
Investment properties
1003 4th Pl Los Angeles, CA 90013-2774
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-8284766
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2018
Construction
CONCRETE
Total area
38,170 SF
Lot
0.51 ac (22,323 SF)
Zoning code
LAM3
APN
5163-018-008
UPID
US09-8284766
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
WeWork Arts District Coworking & Hybrid Office
-
Alpha Tech LLC IT Consulting Firm Tech Support Center
-
Accenture Business Management Consultant
-
Accelerate, CPA Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.89M
Comparable Approach
Comparable
$19.20M
Blend (final)
Blend
$16.77M
Owner & transaction history
North Hill Development LLC · 1 yrs held
North Hill Development LLC
since 2025
Last sale
$18.0M
1 recorded transaction
Zoning & alternative use
LAM3 · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$20.8M
+81.5%
Office building
$19.2M
+67.5%
Medical building
$17.4M
+52.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Los Angeles submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Los Angeles submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$12,880,000
6.5%
$11,890,000
7%
$11,040,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$11,435,000
Current use
AUTO REPAIR, GARAGE
$20,750,000
Change: +81% · Conversion: Difficult
OFFICE BUILDING
$19,155,000
Change: +68% · Conversion: Easy
MEDICAL BUILDING
$17,390,000
Change: +52% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$16,165,000
Change: +41% · Conversion: Difficult
RETAIL STORES
$15,670,000
Change: +37% · Conversion: Easy
INDUSTRIAL (GENERAL)
$10,800,000
Change: -6% · Conversion: Moderate
Blend value · Realmo final
$16.77M
Range $15.09M – $18.45M · ±10% · vs last sale $18.00M (Jan 23 2025)
Last sale anchor
$18.00M
Jan 23 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$439 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$310,873
Tax year 2024
Assessed value
$25,208,540
Assessed 2024
Previous assessed
$25,208,540
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$11,604,677
Assessed improvement
$13,603,863
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
2018
Construction
CONCRETE
Heating
NONE
Cooling
YES
Total area
38,170 SF
Lot
0.51 ac (22,323 SF)
Zoning code
LAM3
APN
5163-018-008
UPID
US09-8284766
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAM3 · Los Angeles, CA
Zoning LAM3 · permitted uses
LAM3 · Los Angeles, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Los Angeles. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$11.4M
AUTO REPAIR, GARAGE
Est. value
$20.8M
OFFICE BUILDING
Est. value
$19.2M
MEDICAL BUILDING
Est. value
$17.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$16.2M
RETAIL STORES
Est. value
$15.7M
INDUSTRIAL (GENERAL)
Est. value
$10.8M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2018
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Lot
0.51 ac
Current owner
From public records · entity-resolved
North Hill Development LLC
Entity
Free & Clear · 1 yrs held
Mailing address
11601 WILSHIRE BLVD STE #900, LOS ANGELES, CA 90025-1740
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 23, 2025
$18,000,000
North Hill Development LLC
Hudson 1003 4th Place LLC
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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