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Property profile & analytics
OFF-MARKET
Estimated value
$720,000
Investment properties
1261 Florence Ave Los Angeles, CA 90001-2432
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8577331
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1928
Construction
WOOD
Total area
3,636 SF
Lot
0.14 ac (5,949 SF)
Zoning code
LCM1*
APN
6010-016-015
UPID
US09-8577331
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
-
Friendly Liquor (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
check n bottle (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
Cambio Plus Check Cashing Check Cashing
-
Marc lopez construction Construction Company General Contractor
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$802k
Blend (final)
Blend
$720k
Owner & transaction history
Strategy Investments INC · 8 yrs held
Strategy Investments INC
since 2017
7 recorded transactions
Zoning & alternative use
LCM1* · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.0M
+99.3%
Retail stores
$650,000
+27.9%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$510,000
Current use
WAREHOUSE, STORAGE
$1,015,000
Change: +99% · Conversion: Difficult
RETAIL STORES
$650,000
Change: +28% · Conversion: Easy
Blend value · Realmo final
$720k
Range $648k – $792k · ±10%
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
$198 / 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
$11,901
Tax year 2024
Assessed value
$825,480
Assessed 2024
Previous assessed
$825,480
+0.0% YoY
Effective rate
1.44%
On assessed value
Assessed land
$295,611
Assessed improvement
$529,869
Applied tax rate
1.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1928
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
1
Units
3
Bathrooms
3
Total area
3,636 SF
Lot
0.14 ac (5,949 SF)
Zoning code
LCM1*
APN
6010-016-015
UPID
US09-8577331
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LCM1* · Los Angeles, CA
Zoning LCM1* · permitted uses
LCM1* · 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
$510,000
WAREHOUSE, STORAGE
Est. value
$1.0M
RETAIL STORES
Est. value
$650,000
COMMERCIAL (GENERAL) Current
WAREHOUSE, STORAGE
RETAIL STORES
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
1928
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Units
3
Bathrooms
3
Lot
0.14 ac
Current owner
From public records · entity-resolved
Strategy Investments INC
Entity
Mailing address
8484 WILSHIRE BLVD STE #745, BEVERLY HILLS, CA 90211-3235
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 8, 2022
—
Strategy Investments INC
—
Deed
related
$975,000 · Pacific City Bank
Nov 22, 2017
$1,225,000
Strategy Investments INC
Myong Cha Veale
Grant Deed
$1,122,500 · Pacific City Bank
Nov 22, 2017
—
Dae W Yi
Hwang,helen
Quit Claim Deed
related
—
Aug 17, 2005
—
Myong C Veale
Veale,gary
Quit Claim Deed
related
—
Aug 17, 2005
$1,000,000
Myong C Veale
Ghebrekristos,sahle
Grant Deed
$1,170,000 · Uniti Bank
Feb 8, 2000
$219,000
Sahle Ghebrekristos
Briscoe,james R
Grant Deed
$500,000 · Briscoe Enterprises INC
—
—
James R Briscoe
—
Deed Of Trust
related
$37,700 · Us Small Business Admn
—
—
James R Briscoe
—
Deed Of Trust
related
$11,800 · Us Small Business Admn
—
—
James R Briscoe
—
Deed Of Trust
related
$49,200 · Us Small Business Admn
—
—
James R Briscoe
—
Deed Of Trust
related
$104,200 · Us Small Business Admn
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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