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Property profile & analytics
OFF-MARKET
Estimated value
$4,450,000
Warehouses
1373 Broadway Los Angeles, CA 90012
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0456097
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1922
Construction
TILT-UP CONCRETE
Total area
24,633 SF
Lot
0.69 ac (30,233 SF)
Zoning code
LAC2
APN
5414-023-031
UPID
US10-0456097
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
$4.45M
CAP Approach
CAP
$5.72M
Comparable Approach
Comparable
$3.84M
Blend (final)
Blend
$4.45M
Owner & transaction history
1373 N Broadway LLC · 2 yrs held
1373 N Broadway LLC
since 2024
Last sale
$4.5M
7 recorded transactions
Zoning & alternative use
LAC2 · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$7.4M
+7.1%
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
$4,450,000
ML approach
$4,450,000
CAP Approach
CAP Return
Estimation
6%
$6,195,000
6.5%
$5,715,000
7%
$5,310,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$6,885,000
Current use
COMMERCIAL (GENERAL)
$7,380,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$4.45M
Range $4.01M – $4.90M · ±10% · vs last sale $4.45M (Jun 26 2024)
Last sale anchor
$4.45M
Jun 26 2024
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
$181 / 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
$9,486
Tax year 2024
Assessed value
$490,113
Assessed 2024
Previous assessed
$490,113
+0.0% YoY
Effective rate
1.94%
On assessed value
Assessed land
$344,268
Assessed improvement
$145,845
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1922
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
24,633 SF
Lot
0.69 ac (30,233 SF)
Zoning code
LAC2
APN
5414-023-031
UPID
US10-0456097
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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$6.9M
COMMERCIAL (GENERAL)
Est. value
$7.4M
WAREHOUSE, STORAGE Current
COMMERCIAL (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
1922
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.69 ac
Current owner
From public records · entity-resolved
1373 N Broadway LLC
Entity
Mailing address
11601 N WILSHIRE BLVD STE #2180, LOS ANGELES, CA 90025-1757
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 26, 2024
$4,450,000
1373 N Broadway LLC
Robert Lease Gonser
Grant Deed
$4,400,000 · Midfirst Bank
Mar 14, 2024
—
Robert Gonser
Davis Rose LLC
Grant Deed
—
Jun 13, 2012
—
Norton Family Trust
Norton,walter W
Quit Claim Deed
related
—
Feb 3, 2012
—
Gonser William L Trust
Gonser Family Trust
Quit Claim Deed
related
—
Jun 28, 2011
—
Gonser Family Trust
Gonser,william L
Affidavit Of Death
related
—
Mar 26, 2007
—
Gonser Family Trust
Gonser,carol N
Quit Claim Deed
related
—
Jun 13, 1994
—
Norton,walter W Tr
—
Deed Of Trust
related
—
Mar 29, 1971
—
—
—
Grant Deed
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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