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Property profile & analytics
FOR LEASE
Parking lots & garages
448 W 5Th St San Pedro, CA 90731
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7059935
For Lease
1 / 2
Contact for pricing
448 W 5Th St, San Pedro, CA 90731
View Listing →
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1969
Construction
WOOD
Total area
23,000 SF
Lot
0.6 ac (26,009 SF)
Zoning code
LAC2
APN
7455-003-017
UPID
US09-7059935
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
$6.17M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.19M
Owner & transaction history
448 5th Street Venture LLC · 5 yrs held
448 5th Street Venture LLC
since 2021
Last sale
$5.6M
3 recorded transactions
Zoning & alternative use
LAC2 · San Pedro, 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 San Pedro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Pedro 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
$7,350,000
ML approach
$6,165,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$10,315,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$6.19M
Range $5.57M – $6.81M · ±10% · vs last sale $5.62M (Jul 21 2021)
Last sale anchor
$5.62M
Jul 21 2021
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
$269 / 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
$224,084
Tax year 2024
Assessed value
$18,271,209
Assessed 2024
Previous assessed
$18,271,209
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$5,851,209
Assessed improvement
$12,420,000
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
Parking lots & garages
Use group
PARKING LOT
Status
For Lease
Year built
1969
Construction
WOOD
Heating
NONE
Total area
23,000 SF
Lot
0.6 ac (26,009 SF)
Zoning code
LAC2
APN
7455-003-017
UPID
US09-7059935
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC2 · San Pedro, CAZoning 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
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$10.3M
OFFICE 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
1969
Construction
WOOD
Heating
NONE
Lot
0.6 ac
Current owner
From public records · entity-resolved
448 5th Street Venture LLC
Entity
Mailing address
440 N BARRANCA AVE #2212, COVINA, CA 91723-1722
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 21, 2021
$5,624,000
448 5th Street Venture LLC
Sbd Investment 10 LLC
Grant Deed
$22,708,000 · Banc Of California NA
May 11, 2021
—
Sbd Investment 10 LLC
—
Deed
related
$3,500,000 · Mountain Pacific Opportunity Zone Invest
Jun 5, 2019
$3,500,000
Sbd Investment 10 LLC
Cal Trade Center INC
Grant Deed
$3,500,000 · Chicago Title Co
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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