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Property profile & analytics
OFF-MARKET
Estimated value
$740,000
Manufacturing properties
1642 23rd St, Los Angeles, CA 90011-1804
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7614050
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1962
Construction
TILT-UP CONCRETE
Total area
4,750 SF
Lot
0.14 ac (5,999 SF)
Zoning code
LAM1
APN
5118-021-014
UPID
US09-7614050
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
-
Hera Collection Clothing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$910k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$740k
Owner & transaction history
Cc 1 Property LLC · 9 yrs held
Cc 1 Property LLC
since 2017
7 recorded transactions
Zoning & alternative use
LAM1 · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.1M
+8.7%
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%
$985,000
6.5%
$910,000
7%
$845,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$965,000
Current use
RETAIL STORES
$1,050,000
Change: +9% · Conversion: Moderate
Blend value · Realmo final
$740k
Range $666k – $814k · ±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
$156 / 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
$13,367
Tax year 2024
Assessed value
$1,058,173
Assessed 2024
Previous assessed
$1,058,173
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$376,618
Assessed improvement
$681,555
Applied tax rate
6.0000
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
1962
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
4,750 SF
Lot
0.14 ac (5,999 SF)
Zoning code
LAM1
APN
5118-021-014
UPID
US09-7614050
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAM1 · Los Angeles, CA
Zoning 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
Los Angeles. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$965,000
RETAIL STORES
Est. value
$1.1M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
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
1962
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Cc 1 Property LLC
Entity
Mailing address
2070 PRAY ST, FULLERTON, CA 92833-5069
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 23, 2017
$3,290,000
Cc 1 Property LLC
John Jun Lee
Grant Deed
$2,011,400 · Wells Fargo Bank NA
Oct 28, 2015
—
Lee,john & Me H Living Trust
Lee,john J
Quit Claim Deed
related
—
Aug 27, 2013
$1,900,000
John J Lee
Yee,kenneth
Grant Deed
$1,400,000 · Bank Of America
Aug 27, 2013
—
Michael Yee
Lin,amanda
Quit Claim Deed
related
—
Feb 16, 2010
—
East 23rd Street Ptshp
—
Deed Of Trust
related
$4,493,750 · California United Bank
Jan 20, 2010
—
East 23rd Street Ptshp
—
Deed Of Trust
related
$1,500,000 · California United Bank
Jul 10, 2001
—
23rd St Pntrshp East
Yee,r S&m H Trustees
Grant Deed
related
—
Jun 18, 2001
—
Yee,robert S & Maria H Tr
Yee,r S & M H Tr
Quit Claim Deed
related
—
—
—
East 23td Street Partnership
—
Deed Of Trust
related
—
—
—
Yee Trust
—
Deed Of Trust
related
$100,000 · Cathay Bank
—
—
Yee Trust
—
Deed Of Trust
related
$500,000 · Cathay Bank
—
—
John J Lee
—
Deed Of Trust
related
$300,000 · Bbu Bank
—
—
Cc 1 Property LLC
—
Deed Of Trust
related
$2,775,000 · City Nat'l Bk
—
—
Yee Trust
—
Deed Of Trust
related
$250,000 · Cathay Bank
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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