Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1603 Flower St Los Angeles, CA 90015

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1603 Flower St Los Angeles, CA 90015

    View on Map
    • Auto shops
    • 25,290 SF
    • 1.19 lot acres
    Off-Market
    Property ID
    US09-9846136
    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.
    Value Estimations
    $2,825,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Auto shops

    Property Details for 1603 Flower St

    Construction
    TILT-UP CONCRETE
    Lot size
    1.19 lot acres
    Property size
    25,290 SF
    Property type
    Auto shops
    APN
    5134-008-010
    APU
    5134008010

    Description

    This exceptional retail property, located at 1603 S Flower Street in Los Angeles, CA 90015, presents a unique investment opportunity. The building offers 7,708 square feet of versatile retail space, ideally suited for a variety of commercial uses. Situated on a substantial 51,860 square foot lot, this property boasts significant potential for expansion or redevelopment. The property's zoning designation, C2-2D-O / Community Commercial, allows for a wide range of commercial activities. The expansive lot size, totaling 51,860 square feet, provides ample space for outdoor seating, parking, or future development. The property's location in Los Angeles, within Los Angeles County, places it in a high-traffic area with excellent visibility and accessibility. The Assessor's Parcel Number (APN) is 5134-008-010. This property is being offered for sale and represents a compelling investment opportunity in a thriving Los Angeles market. The total land area, including the building footprint, is 64,907 square feet (approximately 1.5 acres), offering significant potential for future development or expansion. This prime location and substantial lot size make this property an attractive proposition for discerning investors seeking a strong foothold in the Los Angeles retail market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.27
    Latitude
    34.037
    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
    $409,226
    $31,433,595
    $1,265,035
    $32,698,630
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      8,850 SF

      1360 Flower St

      AUTO REPAIR, GARAGE • 8,850 SF
      1360 Flower St, Los Angeles, CA 90015-2908
      View Details
    • Value Estimation
      $1,050,000
      29,022 SF

      1820 Grand Ave

      AUTO REPAIR, GARAGE • 29,022 SF
      1820 Grand Ave, Los Angeles, CA 90015-3506
      View Details
    • Value Estimation by Request
      4,800 SF

      913 Valencia St

      AUTO REPAIR, GARAGE • 4,800 SF
      913 Valencia St, Los Angeles, CA 90015
      View Details
    • Value Estimation by Request
      864 SF

      1615 Toberman St

      AUTO REPAIR, GARAGE • 864 SF
      1615 Toberman St, Los Angeles, CA 90015
      View Details
    • Value Estimation
      $715,000
      7,700 SF

      1830 Figueroa St

      AUTO REPAIR, GARAGE • 7,700 SF
      1830 Figueroa St, Los Angeles, CA 90015-3422
      View Details
    • Value Estimation
      $2,785,000
      49,600 SF

      1540 Figueroa St

      AUTO REPAIR, GARAGE • 49,600 SF
      1540 Figueroa St, Los Angeles, CA 90015-2815
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Renewed Lease in Pico-Union Submarket

      Recently renewed 15-year NNN corporate lease to Caliber Collision.
      1403-1411 W 12Th Pl, Los Angeles, CA 90015
      View Details
    • Contact for pricing
      7,500 SF

      Retail and Industrial Space

      7,500 SqFt retail and industrial space available for sale.
      612 E 12Th St, Los Angeles, CA 90015
      View Details
    • $5,955,000

      Mixed-Use Building in Downtown Los

      26,000 SF mixed-use building in a developing Downtown Los Angeles.
      1316 S Los Angeles St, Los Angeles, CA 90015
      View Details
    • $2,300,000
      6,468 SF

      Downtown Los Angeles Retail/Industrial Property

      Prime Downtown Los Angeles industrial/retail property for sale.
      1424 Main St, Los Angeles, CA 90015
      View Details
    • $4,000,000
      6,450 SF

      3 Retail Stores in DTLA Fashion District

      3 Retail Stores in DTLA Fashion District
      1139 Santee St, Los Angeles, CA 90015
      View Details
    • Contact for pricing
      1,963 SF

      Retail Space in Fashion District

      Retail space for sale in the heart of Fashion District.
      1135-1141 San Julian St, Los Angeles, CA 90015
      View Details

    Similar Nearby for Lease

    • $3,000 /Mo
      1,540 SF

      Retail Units in Prime Location

      Six retail units available for lease in Los Angeles.
      1212 S San Pedro St, Los Angeles, CA 90015
      View Details
    • Contact for pricing

      Retail Space in South Park

      Ground floor retail space available for lease in DTLA.
      1155-1157 S Main St, Los Angeles, CA 90015
      View Details
    • Contact for pricing

      Office and Retail Spaces Available

      Office and retail spaces available for rent.
      1625 W Olympic Blvd, Los Angeles, CA 90015
      View Details
    • Contact for pricing

      Prime Retail/Restaurant Space Available

      Ground floor retail/restaurant space in DTLA's premier mixed-use property.
      710 W 9Th St, Los Angeles, CA 90015
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail space available, ranging from 1,700 to 4,654 square feet.
      424 W Pico Blvd, Los Angeles, CA 90015
      View Details
    • Contact for pricing

      Freestanding Renovated Commercial Building

      Newly renovated, freestanding building suitable for commercial or medical uses.
      1314 James M Wood Blvd, Los Angeles, CA 90015
      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.
    1603 Flower St
    Los Angeles, CA 90015
    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.
    Sign Up Successful!
    You now have access to more from Realmo!