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Property profile & analytics
OFF-MARKET
Estimated value
$18,055,000
Office buildings
412 6th St Los Angeles, CA 90014-1406
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7193415
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1914
Construction
CONCRETE
Total area
112,418 SF
Lot
0.23 ac (9,901 SF)
Zoning code
LAC5
APN
5144-003-046
UPID
US09-7193415
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
-
Floramorspa Spa & Massage Center
-
Cal-Mart Plating Co Factory Metal Fabrication Plant
-
Gold Assaying Center Real Estate Agency
-
Angels Designs Casting Jewelry Production Facility
-
Emily's Jewelry (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$18.06M
Owner & transaction history
Joseph Shabanian · 3 yrs held
Joseph Shabanian
since 2022
7 recorded transactions
Zoning & alternative use
LAC5 · 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
$161 / 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
$74,771
Tax year 2024
Assessed value
$4,175,547
Assessed 2024
Previous assessed
$4,175,547
+0.0% YoY
Effective rate
1.79%
On assessed value
Assessed land
$1,289,012
Assessed improvement
$2,886,535
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
1914
Construction
CONCRETE
Heating
NONE
Total area
112,418 SF
Lot
0.23 ac (9,901 SF)
Zoning code
LAC5
APN
5144-003-046
UPID
US09-7193415
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC5 · Los Angeles, CA
Zoning LAC5 · permitted uses
LAC5 · 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
1914
Construction
CONCRETE
Heating
NONE
Lot
0.23 ac
Current owner
From public records · entity-resolved
Joseph Shabanian
Individual
Mailing address
655 S HL ST, LOS ANGELES, CA 90014-4009
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Aug 2, 2022
—
Joseph Shabanian
J J J S LLC
Grant Deed
$7,500,000 · Habib American Bank
Nov 3, 2016
—
Park Central Building LLC
J-2 Investments LP
Quit Claim Deed
$4,300,000 · Industrial & Com'l Bk/china
Jun 27, 2006
—
J-2 Investments
J-2 Investments
Quit Claim Deed
related
$4,800,000 · East West Bank
Sep 24, 2001
$2,883,500
J-2 Investments LP
Casa LLC
Grant Deed
$1,650,000 · Ebrahim & Parichehr
Oct 9, 1998
$1,600,000
Casa LLC
Bloomfield,william
Grant Deed
$1,040,000 · Highland Federal Bank
Jul 16, 1997
$210,000
William Bloomfield
Salvation Army
Grant Deed
—
Apr 2, 1993
$400,000
Salvation Army
—
Grant Deed
related
—
—
—
J-2 Investments LP
—
Deed Of Trust
related
$4,200,000 · Bank Of East Asia
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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