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Property profile & analytics
OFF-MARKET
Estimated value
$2,310,000
Office buildings
1839 Hancock St Los Angeles, CA 90031-3428
Entity Owned
3-yr Hold
Free & Clear
Property ID
US09-2423317
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1901
Construction
WOOD
Total area
6,414 SF
Lot
0.15 ac (6,330 SF)
Zoning code
LACM
APN
5210-024-025
UPID
US09-2423317
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
$2.50M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.31M
Owner & transaction history
Brine Residential LP · 3 yrs held
Brine Residential LP
since 2023
7 recorded transactions
Zoning & alternative use
LACM · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.5M
+8.3%
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%
$2,705,000
6.5%
$2,500,000
7%
$2,320,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,220,000
Current use
AUTO REPAIR, GARAGE
$3,485,000
Change: +8% · Conversion: Difficult
MEDICAL BUILDING
$2,920,000
Change: -9% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,715,000
Change: -16% · Conversion: Difficult
RETAIL STORES
$2,635,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$2.31M
Range $2.08M – $2.54M · ±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
$360 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$184,497
Tax year 2023
Assessed value
$15,341,106
Assessed 2023
Previous assessed
$15,341,106
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$14,994,000
Assessed improvement
$347,106
Applied tax rate
12.0000
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1901
Construction
WOOD
Heating
NONE
Cooling
YES
Buildings
5
Units
4
Bathrooms
4
Total area
6,414 SF
Lot
0.15 ac (6,330 SF)
Zoning code
LACM
APN
5210-024-025
UPID
US09-2423317
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LACM · Los Angeles, CA
Zoning LACM · permitted uses
LACM · 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
OFFICE BUILDING Current
Est. value
$3.2M
AUTO REPAIR, GARAGE
Est. value
$3.5M
MEDICAL BUILDING
Est. value
$2.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.7M
RETAIL STORES
Est. value
$2.6M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1901
Construction
WOOD
Heating
NONE
Cooling
Yes
Buildings
5
Units
4
Bathrooms
4
Lot
0.15 ac
Current owner
From public records · entity-resolved
Brine Residential LP
Entity
Free & Clear · 3 yrs held
Mailing address
3431 WESLEY ST STE F, CULVER CITY, CA 90232-2365
Ownership since
2023
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
Feb 13, 2023
—
Brine Residential LP
The Brine LP
Grant Deed
—
Nov 1, 2021
—
The Brine LP
The Brine LP
Intrafamily Transfer
related
—
Mar 1, 2019
$4,478,000
Brine LP
Morhar Family Trust
Trustees Deed
$9,220,575 · New Generation Fund
Sep 28, 2018
—
Morhar Family Trust
Morhar Family Trust
Quit Claim Deed
related
—
Sep 28, 1998
$260,000
Berger Trust
Chui,pok C & Yin F
Grant Deed
$150,000 · Berger Trust
Sep 25, 1990
$198,000
Ultimate Exchang
Boot Exchangers
Grant Deed
related
$210,000 · Individual
Sep 25, 1990
$20,000
Guzzetta Joseph
Guzzetta Myra E
Trustees Deed
related
—
—
—
Pok C Chui
—
Deed Of Trust
related
$120,000 · Individual
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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