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Property profile & analytics
OFF-MARKET
Estimated value
$8,195,000
Warehouses
1535 Essex St Los Angeles, CA 90021-2614
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9551192
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2023
Construction
TILT-UP CONCRETE
Total area
130,188 SF
Lot
0.99 ac (43,269 SF)
Zoning code
LAM2
APN
5132-024-034
UPID
US09-9551192
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
-
SecureSpace Self Storage Downtown Los Angeles Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.22M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.20M
Owner & transaction history
1111 E 16th St LLC · 6 yrs held
1111 E 16th St LLC
since 2020
Last sale
$8.3M
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
$7,965,000
ML approach
$8,220,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$8.20M
Range $7.38M – $9.01M · ±10% · vs last sale $8.30M (Jul 9 2020)
Last sale anchor
$8.30M
Jul 9 2020
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
$63 / 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
$151,738
Tax year 2024
Assessed value
$8,808,026
Assessed 2024
Previous assessed
$8,808,026
+0.0% YoY
Effective rate
1.72%
On assessed value
Assessed land
$8,808,026
Applied tax rate
15.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2023
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
130,188 SF
Lot
0.99 ac (43,269 SF)
Zoning code
LAM2
APN
5132-024-034
UPID
US09-9551192
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.
Building & site characteristics
From public records
Year built
2023
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.99 ac
Current owner
From public records · entity-resolved
1111 E 16th St LLC
Entity
Mailing address
2015 S MANHATTAN BCH BLVD STE #104, REDONDO BEACH, CA 90278-1230
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Oct 2, 2023
—
1111 E 16th St LLC
—
Deed
related
$376,912,000 · Kref Lending Vii LLC
Feb 22, 2022
—
1111 E 16th St LLC
—
Deed
related
$268,125 · Frost Brown Todd LLC
Mar 2, 2021
—
1111 E 16th St LLC
—
Deed
related
$136,500,000 · Delphi Cre Funding LLC
Jul 9, 2020
$8,300,000
1111 E 16th St LLC
Essex & Palomino LLC
Grant Deed
—
Jan 31, 2007
—
Essex & Palomino LLC
Dreadnaught Properties Los Angeles
Grant Deed
$8,500,000 · Israel Discount Bank Of New York
May 19, 2005
—
Props Los Angeles Dreadnaught
Dreadnaught Properties
Quit Claim Deed
related
$1,688,666 · Bank Of The West
—
—
Elkal3 Investments LLC
—
Loan Modification
related
$8,500,000 · Israel Discount Bk/ny
—
—
Dreadnaught Properties
—
Deed Of Trust
related
$1,700,000 · Bank Of The West
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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