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Property profile & analytics
FOR LEASE
Medical Office Space
420 E 3Rd St Los Angeles, CA 90013
Entity Owned
28-yr Hold
~
Est. High Equity
Property ID
US10-0468043
For Lease
$35.40 SF/Yr
420 E 3Rd St, Los Angeles, CA 90013
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1988
Construction
STEEL FRAME
Total area
133,216 SF
Lot
1.16 ac (50,537 SF)
Zoning code
LAM2
APN
5147-006-011
UPID
US10-0468043
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
-
Bishop Pacific Partners Construction Company General Contractor
-
Lifetime Dental of Downtown LA Dental Office
-
Dr. Albert I. Davis, MD Physician
-
Ikeda Keiko PhD Physician Medical Clinic
-
Concentra Urgent Care Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$21.81M
Owner & transaction history
Little Tokyo Associates LLC · 28 yrs held
Little Tokyo Associates LLC
since 1998
7 recorded transactions
Zoning & alternative use
LAM2 · 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
$164 / 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
$382,868
Tax year 2024
Assessed value
$25,501,543
Assessed 2024
Previous assessed
$25,501,543
+0.0% YoY
Effective rate
1.50%
On assessed value
Assessed land
$2,770,872
Assessed improvement
$22,730,671
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
1988
Construction
STEEL FRAME
Heating
NONE
Stories
1
Total area
133,216 SF
Lot
1.16 ac (50,537 SF)
Zoning code
LAM2
APN
5147-006-011
UPID
US10-0468043
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAM2 · Los Angeles, CA
Zoning LAM2 · permitted uses
LAM2 · 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
1988
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
1.16 ac
Current owner
From public records · entity-resolved
Little Tokyo Associates LLC
Entity
Mailing address
420 E 3RD ST STE #606, LOS ANGELES, CA 90013-1645
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1998
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2016
—
Little Tokyo Associates LLC
—
Deed
related
$19,000,000 · Morgan Stanley Bank NA
Nov 7, 2012
—
Little Tokyo Associates LLC
—
Deed Of Trust
related
$14,800,000 · Pacific Trust Bank
Dec 28, 2011
—
Little Tokyo Associates LLC
—
Deed Of Trust
related
$16,000,000 · Us Bank NA
Jun 19, 1998
—
Little Tokyo Associates LLC
Oc Real Estate Management INC
Grant Deed
related
—
Jun 4, 1998
—
Oc Real Estate Management INC
—
Deed Of Trust
related
$15,000,000 · Sanwa Bank California
Feb 28, 1996
—
Amer Japanese Inv LLC
Amer Japanese Inv,
Quit Claim Deed
related
—
—
—
Little Tokyo Associates LLC
—
Deed Of Trust
related
$16,000,000 · California 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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