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Property profile & analytics
OFF-MARKET
Estimated value
$11,395,000
Office buildings
1023 Broadway Los Angeles, CA 90015-4001
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US10-0466985
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1925
Construction
STEEL FRAME
Total area
240,678 SF
Lot
0.52 ac (22,759 SF)
Zoning code
LAC2
APN
5139-013-014
UPID
US10-0466985
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.40M
Owner & transaction history
Onni Broadway Limited Partnership · 2 yrs held
Onni Broadway Limited Partnership
since 2024
7 recorded transactions
Zoning & alternative use
LAC2 · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$47 / 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
$687,784
Tax year 2024
Assessed value
$53,386,952
Assessed 2024
Previous assessed
$53,386,952
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$23,211,718
Assessed improvement
$30,175,234
Applied tax rate
13.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1925
Construction
STEEL FRAME
Heating
NONE
Total area
240,678 SF
Lot
0.52 ac (22,759 SF)
Zoning code
LAC2
APN
5139-013-014
UPID
US10-0466985
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC2 · Los Angeles, CA
Zoning LAC2 · permitted uses
LAC2 · 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.
Building & site characteristics
From public records
Year built
1925
Construction
STEEL FRAME
Heating
NONE
Lot
0.52 ac
Current owner
From public records · entity-resolved
Onni Broadway Limited Partnership
Entity
Mailing address
1031 S BROADWAY ST STE #200, LOS ANGELES, CA 90015-4006
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 26, 2024
—
Onni Broadway Limited Partnership
Onni Broadway Hill Development LP
Lease
—
Dec 27, 2023
—
Onni Broadway Limited Partnership
—
Deed
related
$170,023,338 · Hsbc Bank USA
Dec 1, 2017
—
Onni Broadway LP
—
Deed
related
—
Jun 28, 2016
—
Onni Broadway Limited Partnership
—
Deed
related
$33,600,000 · Hsbc Bank USA
Apr 25, 2016
$46,000,000
Onni Broadway LP
Anjac Fashion Buildings LLC
Grant Deed
—
Apr 27, 2015
—
Anjac Fashion Buildings LLC
Anjac Trust
Quit Claim Deed
related
—
Apr 16, 2015
—
Steve Needleman
Needleman Jack I & Annette
Affidavit Of Death
related
—
Apr 9, 1999
—
Needleman,jack & Annette Tr
—
Deed Of Trust
related
—
—
—
Onni Broadway LP
—
Loan Modification
related
—
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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