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Property profile & analytics
OFF-MARKET
Estimated value
$1,030,000
Manufacturing properties
1506 Los Angeles St, Los Angeles, CA 90015-2521
Individually Owned
18-yr Hold
~
Est. High Equity
Property ID
US10-0480574
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1956
Construction
TILT-UP CONCRETE
Total area
6,432 SF
Lot
0.16 ac (6,969 SF)
Zoning code
LAM2
APN
5133-015-003
UPID
US10-0480574
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
-
Zam Big Box & Wholesale Store
-
Victorious Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.23M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.03M
Owner & transaction history
Wha J Kim · 18 yrs held
Wha J Kim
since 2008
7 recorded transactions
Zoning & alternative use
LAM2 · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,330,000
6.5%
$1,230,000
7%
$1,140,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,470,000
Current use
Blend value · Realmo final
$1.03M
Range $927k – $1.13M · ±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
$160 / 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
$28,141
Tax year 2024
Assessed value
$2,104,261
Assessed 2024
Previous assessed
$2,104,261
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$1,442,510
Assessed improvement
$661,751
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1956
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
6,432 SF
Lot
0.16 ac (6,969 SF)
Zoning code
LAM2
APN
5133-015-003
UPID
US10-0480574
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAM2 · Los Angeles, CA
Zoning LAM2 · permitted uses
LAM2 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$1.5M
INDUSTRIAL (GENERAL) Current
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
1956
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Wha J Kim
Individual
Mailing address
1506 S LOS ANGELES ST, LOS ANGELES, CA 90015-2521
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2025
—
Wha J Kim
—
Deed
related
$1,300,000 · Commonwealth Business Bank
Apr 1, 2025
—
Wha Jung Kim
—
Deed
related
$750,000 · Commonwealth Business Bank
Oct 11, 2024
—
Wha Jung Kim
—
Deed
related
$300,000 · Commonwealth Business Bank
Mar 25, 2008
—
Wha J Kim
Kim,wha J
Quit Claim Deed
related
—
Mar 25, 2008
$600,000
Whan J Kim
Park,sang P
Grant Deed
$1,000,000 · Bank Of America
Apr 14, 2005
—
Sang P Park
—
Deed Of Trust
related
$2,000,000 · Hanmi Bank
Oct 2, 2003
—
Sang P Park
—
Deed Of Trust
related
$1,700,000 · Hanmi Bank
Jun 3, 2002
—
Sang P Park
—
Deed Of Trust
related
$1,700,000 · Hanmi Bank
May 21, 2001
—
Sang P Park
—
Deed Of Trust
related
$1,500,000 · Hanmi Bank
May 4, 2000
—
Gee D Park
Park,s L
Quit Claim Deed
related
—
Aug 11, 1999
—
Sang P Park
Park,y H
Quit Claim Deed
related
—
Aug 11, 1999
$900,000
Park,sang P
Kahenassa,ramin
Trustees Deed
$765,000 · Wilshire State Bank
Jul 31, 1995
$529,000
Kahenassa,ramin
Roberti Trust
Trustees Deed
—
Jul 31, 1995
—
William D Roberti
Roberti,e E
Quit Claim Deed
related
—
Jul 31, 1995
$176,500
Kahenassa,ramin
Roberti,william D
Trustees Deed
$352,500 · Roberti Trust
Apr 15, 1993
—
Shepphird,john Tr
—
Deed Of Trust
related
—
—
—
Sang P Park
—
Deed Of Trust
related
$1,000,000 · California Center Bank
—
—
Wha J Kim
—
Deed Of Trust
related
$720,000 · Bank Of America
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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