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Property profile & analytics
FOR LEASE
Office buildings
312 N Gaffey St, Los Angeles, CA 90731
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US09-6525926
For Lease
1 / 6
$24 SF/Yr
312 N Gaffey St, Los Angeles, CA 90731
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Property summary
AI-generated overview
This exceptional 7,974 square foot medical office building, located at 312 N Gaffey St, Los Angeles, CA 90731, presents a rare opportunity. Situated in the desirable Beach Cities/Palos Verdes submarket, this Class B property boasts excellent street visibility and ample secure parking. Built in 1980, this two-story building offers multiple tenancy options, with a minimum divisible space of 1,000 square feet and a maximum contiguous space of 2,160 square feet. The property features multiple points of entry and two ADA-compliant restrooms, ensuring accessibility and convenience. The zoning is C2, and the Los Angeles County Assessor's Parcel Number (APN) is 7448-030-036. Ideal for a variety of medical practices, this space is ready for immediate occupancy. Its prime location near Sepulveda St provides easy access and high visibility for your business. The building does not have elevators. This is a unique opportunity to establish or expand your medical practice in a thriving coastal community. Contact us today to schedule a viewing.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1980
Construction
WOOD
Total area
6,548 SF
Lot
0.23 ac (10,096 SF)
Zoning code
LAC2
APN
7448-030-036
UPID
US09-6525926
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
$2.35M
Comparable Approach
Comparable
$1.23M
Blend (final)
Blend
$2.00M
Owner & transaction history
Hollywood Renaissance Development · 14 yrs held
Hollywood Renaissance Development
since 2012
7 recorded transactions
Zoning & alternative use
LAC2 · San Pedro, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.0M
+3.1%
Medical building
$3.0M
+1.4%
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%
$2,545,000
6.5%
$2,350,000
7%
$2,180,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,935,000
Current use
AUTO REPAIR, GARAGE
$3,030,000
Change: +3% · Conversion: Difficult
MEDICAL BUILDING
$2,975,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$2.00M
Range $1.80M – $2.19M · ±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
$305 / 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
$21,077
Tax year 2024
Assessed value
$1,657,000
Assessed 2024
Previous assessed
$1,657,000
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$514,000
Assessed improvement
$1,143,000
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
Status
For Lease
Year built
1980
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Total area
6,548 SF
Lot
0.23 ac (10,096 SF)
Zoning code
LAC2
APN
7448-030-036
UPID
US09-6525926
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC2 · San Pedro, CA
Zoning LAC2 · permitted uses
LAC2 · San Pedro, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Pedro. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$3.0M
MEDICAL BUILDING
Est. value
$3.0M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1980
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
Hollywood Renaissance Development
Entity
Mailing address
PO BOX 5348, SAN PEDRO, CA 90733-5348
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 16, 2021
—
Hollywood Renaissance Development
—
Deed
related
$3,000,000 · Farmers & Merchants Bank
May 14, 2012
—
Hollywood Renaissance Development
Hollywood Renaissance Development
Grant Deed
related
$2,510,000 · Farmers & Merchants Bank Of Long Beach
Apr 6, 2004
$1,300,000
Hollywood Renaissance Dev INC
T W Properties
Grant Deed
$750,000 · Farmers & Merchants Trust Co
Jul 17, 1998
$347,000
Tw Properties
Fnb Real Estate Corp
Grant Deed
$400,000 · Trust Deed To Gold INC
Apr 16, 1998
$253,973
Fnb Real Estate Corp
Mander,vincent T
Trustees Deed
—
May 16, 1996
—
Travers,richard M & Susan L Co-t
Travers,r M & S L
Quit Claim Deed
related
—
Apr 4, 1991
$396,500
Southbay Exchang
Mander,vicnent T
Trustees Deed
related
—
—
—
T W Properties
—
Deed Of Trust
related
$305,000 · Highland Federal Bank
—
—
Hollywood Renaissance Dev
—
Deed Of Trust
related
$1,000,000 · Farmers & Merchants Bk/lng Bch
—
—
Tw Properties
—
Deed Of Trust
related
$160,000 · Mission Oaks National Bank
—
—
Tw Properties
—
Deed Of Trust
related
$500,000 · Zions First National 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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