Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    453 Spg St Los Angeles, CA 90013-2013
    Back to Search
    Property profile & analytics

    453 Spg St Los Angeles, CA 90013-2013

    View on Map
    • Office buildings
    • 193,816 SF
    • 0.41 lot acres
    Off-Market
    Property ID
    US09-6494226
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $985,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Vox Pop Films Inc / Film Production
    • Human Element / Film Production / Television Studio
    • Exemplarymarketing / (Bike/Boat/Book/etc) Store / Corporate Office
    • Psychic Bunny / Film Production / Television Studio
    • The HG Studios / Event Planning / Wedding Service

    Property Details for 453 Spg St

    Year built
    1914
    Construction
    STEEL FRAME
    Lot size
    0.41 lot acres
    Property size
    193,816 SF
    Zone code
    LAC4
    Property type
    Office buildings
    APN
    5149-024-001
    APU
    5149024001

    Description

    This 12-story Class C creative office building, located in Los Angeles' Historic Core on Spring Street, offers multiple tenancy options. Units range from 953 to 1,234 contiguous square feet. The building boasts five elevators (passenger and freight), 24/7 access, and on-site security, management, and maintenance. Amenities include a 9th-floor cafe, a basement bar, and a free third-floor conference room. Shared restrooms are located on every floor. Many units feature exposed ceilings, polished concrete floors, large windows, and track lighting. This specific space is a corner unit with Spring and 5th Street views, offering one large open area and one private office, both with windows. The landlord is open to modifications to suit tenant needs. Minimum one-year lease required

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $675,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,294,000
      Market price range: $954k - $11.9M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.25
    Latitude
    34.0478
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $86,747
    $1,948,748
    $1,145,896
    $3,094,644
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      468 SF

      500 3rd St

      OFFICE BUILDING • 468 SF
      500 3rd St, Los Angeles, CA 90013-1721
      View Details
    • Value Estimation
      $22,895,000
      65,252 SF

      1019 4th Pl

      OFFICE BUILDING • 65,252 SF
      1019 4th Pl, Los Angeles, CA 90013-2772
      View Details
    • Value Estimation
      $31,620,000
      132,010 SF

      550 5th St

      OFFICE BUILDING • 132,010 SF
      550 5th St, Los Angeles, CA 90013
      View Details
    • Value Estimation by Request
      0.23 Acres

      421 Broadway

      OFFICE BUILDING (MULTI-STORY) • 0.23 Acres
      421 Broadway, Los Angeles, CA 90013-1102
      View Details
    • Value Estimation
      $9,700,000
      16,500 SF

      601 5th St

      OFFICE BUILDING • 16,500 SF
      601 5th St, Los Angeles, CA 90013
      View Details
    • Value Estimation
      $1,745,000
      121,884 SF

      419 Spg St

      OFFICE BUILDING • 121,884 SF
      419 Spg St, Los Angeles, CA 90013-2001
      View Details

    Similar Nearby for Sale

    • $7,000,000
      5,663 SF

      Completely Remodeled DTLA Creative Compound

      Completely Remodeled DTLA Creative Compound
      405 Towne Ave, Los Angeles, CA 90013
      View Details
    • Contact for pricing

      Arts District Redevelopment Opportunity

      Three-building complex in the Arts District primed for redevelopment.
      534 Mateo St, Los Angeles, CA 90013
      View Details
    • Contact for pricing
      16,500 SF

      Downtown Los Angeles Creative Compound

      Turn-key creative compound in Downtown Los Angeles for sale.
      405 Towne Ave, Los Angeles, CA 90013
      View Details
    • $4,500,000
      12,480 SF

      Free Standing Building For Sale

      Free standing building with office space and loading door.
      312-318 Omar St, Los Angeles, CA 90013
      View Details
    • Contact for pricing

      Renovated Mixed-Use Building in DTLA

      Fully renovated mixed-use commercial property in the heart of Downtown Los Angeles.
      510 S Broadway, Los Angeles, CA 90013
      View Details
    • Contact for pricing
      27,702 SF

      Unique Mixed-Use Building in Los Angeles

      Mixed-use building featuring structural upgrades, high ceilings, and abundant natural light.
      533-534 Mateo St, Los Angeles, CA 90013
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,000 SF

      Leased Office Building in Los Angeles

      Fully leased office building located in Los Angeles, California.
      5919 W 3Rd St, Los Angeles, CA 90013
      View Details
    • Contact for pricing

      Prominent Little Tokyo Office Address

      Large office building with on-site amenities in Little Tokyo.
      420 E 3Rd St, Los Angeles, CA 90013
      View Details
    • Contact for pricing

      Leased Office Building in Los Angeles

      Fully leased office building in Los Angeles, no current availability.
      555 Mateo St, Los Angeles, CA 90013
      View Details
    • Contact for pricing
      21,484 SF

      Office Space in Los Angeles

      Office building with 21,484 square feet available for rent.
      304 S Broadway, Los Angeles, CA 90013
      View Details
    • Contact for pricing

      Retail and Office Space Available

      Retail and office spaces available for lease in Los Angeles.
      550 S Hill St, Los Angeles, CA 90013
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    453 Spg St
    Los Angeles, CA 90013-2013
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    453 Spg St, Los Angeles, CA, 90013
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!