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Property profile & analytics
FOR SALE
Retail space
1605 1st St Los Angeles, CA 90033-3315
Entity Owned
~
Est. High Equity
Property ID
US09-7531941
For Sale
1 / 25
$2,500,000
1605 1st St, Los Angeles, CA 90033-3315
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1955
Construction
WOOD
Total area
3,698 SF
Lot
0.16 ac (6,908 SF)
Zoning code
LAM1
APN
5173-031-007
UPID
US09-7531941
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
by Request
CAP Approach
CAP
$1.32M
Comparable Approach
Comparable
$2.52M
Blend (final)
Blend
$1.89M
Owner & transaction history
Glevia Enterprises LLC
Glevia Enterprises LLC
since 2026
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
LAM1 · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.0M
+32.4%
Office building
$1.9M
+22.2%
Medical building
$1.7M
+11.0%
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%
$1,430,000
6.5%
$1,320,000
7%
$1,225,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,520,000
Current use
AUTO REPAIR, GARAGE
$2,010,000
Change: +32% · Conversion: Difficult
OFFICE BUILDING
$1,855,000
Change: +22% · Conversion: Easy
MEDICAL BUILDING
$1,685,000
Change: +11% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,565,000
Change: +3% · Conversion: Moderate
Blend value · Realmo final
$1.89M
Range $1.70M – $2.07M · ±10% · vs last sale $1.85M (Feb 27 2026)
Last sale anchor
$1.85M
Feb 27 2026
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
$510 / 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
$16,554
Tax year 2024
Assessed value
$1,317,258
Assessed 2024
Previous assessed
$1,317,258
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$475,837
Assessed improvement
$841,421
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1955
Construction
WOOD
Heating
NONE
Stories
1
Total area
3,698 SF
Lot
0.16 ac (6,908 SF)
Zoning code
LAM1
APN
5173-031-007
UPID
US09-7531941
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAM1 · Los Angeles, CAZoning LAM1 · permitted uses
LAM1 · Los Angeles, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.6M
RETAIL STORES Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1955
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Glevia Enterprises LLC
Entity
Mailing address
PO BOX 491246, LOS ANGELES, CA 90049-9246
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2026
$1,850,000
Glevia Enterprises LLC
Nottingham Trust
Grant Deed
$1,572,500 · First Citizens Bank & Trust Co
May 16, 2016
$1,135,000
Nottingham Trust
1605 1st Street LLC
Grant Deed
—
Jun 4, 2008
$379,000
1605 1st Street LLC
Magallon,enrique & Felicitas
Grant Deed
$250,000 · Enrique & Felicitas Magallon
Apr 25, 2008
$371,000
1605 1st Street LLC
Flores,norbert F
Grant Deed
—
Feb 14, 2000
—
Norbert F Flores
Flores,n F
Quit Claim Deed
related
—
May 15, 1998
—
Flores,norbert F
Tamura,takako
Trustees Deed
related
—
—
—
1605 1st Street LLC
—
Deed Of Trust
related
$200,000 · Cooper R L & H D Trust (rt)
—
—
1605 East 1st Street LLC
—
Deed Of Trust
related
$200,000 · Cooper Robert L & H D (te)
—
—
Enrique Magallon
—
Deed Of Trust
related
$116,000 · Individual
—
—
1605 1st Street LLC
—
Deed Of Trust
related
$108,000 · D&r Properties
—
—
Norbert F Flores
—
Deed Of Trust
related
$50,000 · Bank Of America
—
—
Norbert F Flores
—
Deed Of Trust
related
$81,200 · Life Savings Bank
—
—
1605 1st Street LLC
—
Deed Of Trust
related
$300,000 · Cooper Robert L & H D (te)
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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