Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$985,000
Office buildings
453 Spg St Los Angeles, CA 90013-2013
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US09-6494226
Property summary
AI-generated overview
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
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1914
Construction
STEEL FRAME
Total area
193,816 SF
Lot
0.41 ac (17,652 SF)
Zoning code
LAC4
APN
5149-024-001
UPID
US09-6494226
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
-
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$675k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.29M
Blend (final)
Blend
$985k
Owner & transaction history
Spring Arts Investment LLC · 10 yrs held
Spring Arts Investment LLC
since 2016
5 recorded transactions
Zoning & alternative use
LAC4 · 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
Method
Estimation
Statistic approach
by Request
ML approach
$675,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$985k
Range $887k – $1.08M · ±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
$5 / 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
$86,747
Tax year 2024
Assessed value
$3,094,644
Assessed 2024
Previous assessed
$3,094,644
+0.0% YoY
Effective rate
2.80%
On assessed value
Assessed land
$1,948,748
Assessed improvement
$1,145,896
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
STEEL FRAME
Heating
NONE
Total area
193,816 SF
Lot
0.41 ac (17,652 SF)
Zoning code
LAC4
APN
5149-024-001
UPID
US09-6494226
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC4 · Los Angeles, CA
Zoning LAC4 · permitted uses
LAC4 · 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
STEEL FRAME
Heating
NONE
Lot
0.41 ac
Current owner
From public records · entity-resolved
Spring Arts Investment LLC
Entity
Mailing address
453 S SPG ST STE #200, LOS ANGELES, CA 90013-2584
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 23, 2021
—
Spring Arts Investment LLC
—
Deed
related
$15,000,000 · Cathay Bank
Jun 17, 2019
—
Spring Arts Investment LLC
—
Deed
related
$11,000,000 · East West Bank
May 19, 2017
—
Spring Arts Investment LLC
—
Deed
related
$15,000,000 · East West Bank
Jul 7, 2016
—
Spring Arts Investment LLC
Su,poyu
Quit Claim Deed
—
Sep 14, 1990
$2,150,000
Poyu Et Al Su
Unknown
Grant Deed
—
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?”
You own 453 Spg St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
