Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1428 Essex St Los Angeles, CA 90021-2613

    • Manufacturing properties
    • 4,635 SF
    • 0.16 lot acres
    OFF-MARKET
    Last Sale
    Jan 31, 2020
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-0468531
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Central Commissary and Food Truck Manufacturing / Industrial Manufacturer / Production Facility

    Property Details for 1428 Essex St

    Year built
    1976
    Construction
    TILT-UP CONCRETE
    Lot size
    0.16 lot acres
    Property size
    4,635 SF
    Zone code
    LAM2
    Property type
    Manufacturing properties
    APN
    5132-023-007
    APU
    5132023007

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.248
    Latitude
    34.0281
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $3,045
    $51,609
    $147,879
    $199,488
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $4,610,000
      36,721 SF

      1401 Griffith Ave

      MANUFACTURING (LIGHT) • 36,721 SF
      1401 Griffith Ave, Los Angeles, CA 90021-2126
      View Details
    • Value Estimation
      $775,000
      8,264 SF

      742 Gladys Ave

      MANUFACTURING (LIGHT) • 8,264 SF
      742 Gladys Ave, Los Angeles, CA 90021-1414
      View Details
    • Value Estimation
      $1,130,000
      11,440 SF

      774 14th St

      MANUFACTURING (LIGHT) • 11,440 SF
      774 14th St, Los Angeles, CA 90021-2114
      View Details
    • Value Estimation
      $1,110,000
      5,760 SF

      1611 14th St

      MANUFACTURING (LIGHT) • 5,760 SF
      1611 14th St, Los Angeles, CA 90021-2308
      View Details
    • Value Estimation
      $845,000
      5,000 SF

      1508 15th St

      MANUFACTURING (LIGHT) • 5,000 SF
      1508 15th St, Los Angeles, CA 90021-2712
      View Details
    • Value Estimation
      $810,000
      6,565 SF

      1827 16th St

      MANUFACTURING (LIGHT) • 6,565 SF
      1827 16th St, Los Angeles, CA 90021-3105
      View Details

    Similar Nearby for Sale

    • $3,990,000
      9,400 SF

      Pico Blvd Industrial Warehouse

      9,400 SF Warehouse/Manufacturing Space
      1153 Pico Blvd, Los Angeles, CA 90021
      View Details
    • $7,400,000
      13,475 SF

      Turn Key Cold Storage Facility

      Freestanding cold storage and food processing headquarters in Los Angeles.
      1100 S Santa Fe Ave, Los Angeles, CA 90021
      View Details
    • $8,299,000
      28,667 SF

      Downtown LA Industrial Property

      Prime location, manufacturing/warehouse.
      1705-1707 20Th St, Los Angeles, CA 90021
      View Details
    • Contact for pricing
      28,260 SF

      Brick Art Deco Industrial Building

      Four units suitable for owner/user or investor.
      1505-1515 East Olympic Blvd, Los Angeles, CA 90021
      View Details
    • Contact for pricing
      5,480 SF

      Manufacturing Building with Ground Level Loading

      Manufacturing building featuring 16' clear height and ground level loading.
      1413 E 15Th St, Los Angeles, CA 90021
      View Details
    • $580,000

      Apparel Factory Business Opportunity

      Reputable apparel factory in DTLA with growth potential.
      Los Angeles, CA 90021
      View Details

    Similar Nearby for Lease

    • $14,160 /Mo

      Industrial Building with Fenced Yard

      Single tenant industrial building with convenient freeway access.
      1502 E Washinton Blvd, Los Angeles, CA 90021
      View Details
    • $0.85 SF/Yr
      40,107 SF

      Manufacturing/Warehouse Space Available

      Manufacturing and warehouse space with dock high and ground loading.
      1615 Mcgarry St, Los Angeles, CA 90021
      View Details
    • Contact for pricing
      7,000 SF

      Manufacturing/Warehouse Space Available

      13,750 SF building with office space for lease.
      1901-1909 E 7Th Pl, Los Angeles, CA 90021
      View Details
    • $1.25 SF/Yr
      6,751 SF

      Industrial Space Near 10 Freeway

      Refurbished industrial space suitable for warehousing or manufacturing.
      1401 Wilson St, Los Angeles, CA 90021
      View Details
    • Contact for pricing
      4,216 SF

      Industrial Space Near Fashion District

      4,216 SF flexible space near Wholesale Fashion District.
      767 E 14Th Pl, Los Angeles, CA 90021
      View Details
    • $2 SF/Yr
      12,137 SF

      Refrigerated Industrial Space Available

      Industrial space with cooler, freezer, and food processing areas.
      920 Agatha St, Los Angeles, CA 90021
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1428 Essex St
    Los Angeles, CA 90021-2613
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.