Financial
Distress signals
Property profile

1231 N Spring St Los Angeles, CA 90012

FOR LEASE
Manufacturing properties
Property ID
US10-0445568
60,821 SF 1.25 ac lot Built 1888
Last sale Dec 2021
Individually Owned Owner of record is an individual. 4-yr Hold Held for 4 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This first-floor office space is configured for office use and contains approximately 2,319 square feet. It is suitable for a range of office functions and is set up for an office tenant under a modified gross lease structure.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$51k
Tax billed · 2024
Assessed value$922k
Assessed land$921k
Assessed improvement$2k
Effective rate5.56%

Value estimate

· Oct 2026
$575k
$518k – $633k

Realmo valuation models over county records and 16 qualifying comparable sales.

Recently sold

What actually traded nearby?
$283/SF
Submarket average, outlier-cleaned · 933 recorded sales of this use type
Observed band · Q1–Q3$122 – $494
Qualifying comparables16

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
LAC2
JurisdictionLOS ANGELES

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency20.4
Computer & Electronic Repair11.6
Electrical Service11.5

Location

1231 N Spring St Los Angeles, CA 90012
County assessor Recorded deeds · 5 transfers 16 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1639 Main, Los Angeles, CA 90012-1917 $45,750,000 Jan 2024 35,081 SF
1600 Naud, Los Angeles, CA 90012-1921 $45,750,000 Jan 2024 22,735 SF
1457 Main, Los Angeles, CA 90012-1914 $12,960,000 Dec 2023 25,709 SF
254 Los Angeles, Los Angeles, CA 90012-3705 $7,500,075 Aug 2021 40,596 SF
200 Mesnagers, Los Angeles, CA 90012-1960 $15,200,000 Jun 2021 27,757 SF
1625 Naud, Los Angeles, CA 90012-1920 $6,000,060 Dec 2020 20,187 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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