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Property profile & analytics
OFF-MARKET
Estimated value
$1,575,000
Office buildings
311 Spg St Los Angeles, CA 90013-1211
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0480499
Property summary
AI-generated overview
This exceptional 12-story, 116,328 square foot office building, located at 311 S. Spring Street in the heart of Los Angeles' Historic Core, presents a unique leasing opportunity. Completely renovated in 2023, the property offers a blend of classic charm and modern functionality. The building boasts a single structure with multiple suites available, ranging from a minimum of 540 square feet to a maximum contiguous space of 26,421 square feet. Currently, there are 69,581 square feet of vacant space ready for immediate occupancy. The building's convenient location offers easy access to numerous local amenities, including the renowned Grand Central Market. Built in 1955, this property benefits from modern upgrades while retaining its historical character. With 11 individual suites, this building is ideal for a variety of tenants, from small businesses to larger corporations seeking flexible space options. The building features elevators for convenient access to all floors. The address is 311 S Spring St, Los Angeles, CA 90013, situated near the intersection of 3rd Street, in Los Angeles County.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1912
Construction
STEEL FRAME
Total area
134,730 SF
Lot
0.26 ac (11,191 SF)
Zoning code
LAC4
APN
5149-019-032
UPID
US10-0480499
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
-
Childrens Medical Services Social Service Agency Charitable Organization
-
Elizabeth Russel, PHD Physician
-
Southern Pharmacy Section Pharmacy
-
Centro Abogados de Latinos Law Firm
-
Igdaloff Susan G MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.58M
Owner & transaction history
Dp San Rafael LLC · 13 yrs held
Dp San Rafael LLC
since 2013
5 recorded transactions
Zoning & alternative use
LAC4 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$12 / 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
$297,967
Tax year 2024
Assessed value
$22,334,731
Assessed 2024
Previous assessed
$22,334,731
+0.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$4,829,127
Assessed improvement
$17,505,604
Applied tax rate
13.0000
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
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1912
Construction
STEEL FRAME
Heating
NONE
Total area
134,730 SF
Lot
0.26 ac (11,191 SF)
Zoning code
LAC4
APN
5149-019-032
UPID
US10-0480499
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC4 · Los Angeles, CA
Zoning LAC4 · permitted uses
LAC4 · 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
1912
Construction
STEEL FRAME
Heating
NONE
Lot
0.26 ac
Current owner
From public records · entity-resolved
Dp San Rafael LLC
Entity
Mailing address
818 W 7TH ST STE #410, LOS ANGELES, CA 90017-3463
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2020
—
Dp San Rafael LLC
—
Deed
related
$12,500,000 · East West Bk
Mar 29, 2013
$18,500,185
Dp San Rafael LLC
311 South Spring Street Company
Grant Deed
$13,285,000 · East West Bank
—
—
Dp San Rafael LLC
—
Loan Modification
related
$12,500,000 · East West Bk
—
—
311 South Spring Street Co
—
Deed Of Trust
related
$9,800,000 · Wilshire State Bank
Oct 9, 1969
—
311 South Spring Street Co
—
Grant Deed
related
—
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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