New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,715,000
Office buildings
501 1st Ave Arcadia, CA 91006-3888
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-8561219
Property summary
AI-generated overview
This exceptional 6,527 square foot office building in Arcadia, California, presents a unique investment opportunity. Located at 501 S. 1st Ave., this single-tenant, vacant property boasts a garden-style design and is zoned for mixed use (MU). The building offers ample on-site parking with a generous ratio of 2.45 spaces per 1,000 square feet. Priced at $3,400,000 ($520.91/SF), this Class C property sits on a 14,997 square foot lot (APN 5779-011-018) and benefits from its convenient location. Enjoy easy access to the I-210 and I-601 freeways, proximity to the Metro Gold Line Arcadia Station, and the vibrant shops and restaurants of Downtown Arcadia. The property's location within the highly-rated Arcadia School District (top 1% in America) adds significant appeal. SBA financing potential is available for qualified buyers. This is an ideal opportunity for owner-occupiers or investors seeking a well-located, versatile office space in a thriving community.
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1955
Construction
TILT-UP CONCRETE
Total area
6,527 SF
Lot
0.34 ac (14,997 SF)
Zoning code
ARC2HY
APN
5779-011-018
UPID
US09-8561219
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
-
Luis Alejandro Nagy - Psychotherapist Crisis Center Medical Clinic
-
Rotary Club of Arcadia Charitable Organization Social Service Agency
-
EndlessArt Studio Art Studio
-
Clawtongue Water Repairs Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
-
The Friedberg Learning Center Training Center Tutoring Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.34M
Comparable Approach
Comparable
$2.73M
Blend (final)
Blend
$2.72M
Owner & transaction history
Lmh Properties LLC · 1 yrs held
Lmh Properties LLC
since 2024
Last sale
$2.9M
4 recorded transactions
Zoning & alternative use
ARC2HY · Arcadia, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.3M
+21.9%
Neighborhood: shopping center
$4.0M
+13.9%
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 Arcadia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Arcadia 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
by Request
CAP Approach
CAP Return
Estimation
6%
$2,535,000
6.5%
$2,340,000
7%
$2,175,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,490,000
Current use
RESTAURANT
$4,250,000
Change: +22% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$3,970,000
Change: +14% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,020,000
Change: -13% · Conversion: Difficult
MEDICAL BUILDING
$2,965,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$2.72M
Range $2.44M – $2.99M · ±10% · vs last sale $2.90M (Sep 13 2024)
Last sale anchor
$2.90M
Sep 13 2024
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
$416 / 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
$6,379
Tax year 2024
Assessed value
$353,434
Assessed 2024
Previous assessed
$353,434
+0.0% YoY
Effective rate
1.80%
On assessed value
Assessed land
$120,866
Assessed improvement
$232,568
Applied tax rate
1.0000
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
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1955
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
6,527 SF
Lot
0.34 ac (14,997 SF)
Zoning code
ARC2HY
APN
5779-011-018
UPID
US09-8561219
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
ARC2HY · Arcadia, CA
Zoning ARC2HY · permitted uses
ARC2HY · Arcadia, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Arcadia. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$3.5M
RESTAURANT
Est. value
$4.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.0M
AUTO REPAIR, GARAGE
Est. value
$3.0M
MEDICAL BUILDING
Est. value
$3.0M
OFFICE BUILDING Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL 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
1955
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
Lmh Properties LLC
Entity
Mailing address
501 S 1ST AVE, ARCADIA, CA 91006-3888
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 13, 2024
$2,900,000
Lmh Properties LLC
Robert D Gourley
Grant Deed
—
Jun 15, 2005
—
Gourley Family Trust
Gourley Trust
Quit Claim Deed
related
—
Oct 4, 1989
—
Gourley Lvg Tr
Gourley G Dougla
Quit Claim Deed
related
—
—
—
Gourley,tr
—
Deed Of Trust
related
$200,000 · Citizens Business 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?”
You own 501 1st Ave?
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.
