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Property profile & analytics
OFF-MARKET
Estimated value
$690,000
Manufacturing properties
553 Clarence St Los Angeles, CA 90033-4225
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7821873
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1939
Construction
WOOD
Total area
7,396 SF
Lot
0.27 ac (11,689 SF)
Zoning code
LAM1
APN
5171-007-022
UPID
US09-7821873
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
-
Mi Centro Cultural Center
-
City Labs Boyle Heights Business Service Center
-
Latino Equality Alliance Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$690k
Owner & transaction history
City Labs Boyle Heights LLC · 11 yrs held
City Labs Boyle Heights LLC
since 2014
7 recorded transactions
Zoning & alternative use
LAM1 · 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
$93 / 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
$18,516
Tax year 2024
Assessed value
$1,431,609
Assessed 2024
Previous assessed
$1,431,609
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$824,795
Assessed improvement
$606,814
Applied tax rate
12.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1939
Construction
WOOD
Heating
CENTRAL
Buildings
3
Stories
1
Total area
7,396 SF
Lot
0.27 ac (11,689 SF)
Zoning code
LAM1
APN
5171-007-022
UPID
US09-7821873
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAM1 · Los Angeles, CAZoning LAM1 · permitted uses
LAM1 · Los Angeles, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1939
Construction
WOOD
Heating
CENTRAL
Stories
1
Buildings
3
Lot
0.27 ac
Current owner
From public records · entity-resolved
City Labs Boyle Heights LLC
Entity
Mailing address
2046 HILLHURST AVEPMB100, LOS ANGELES, CA 90027-2719
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 12, 2019
—
City Labs Boyle Heights LLC
—
Deed
related
$1,003,000 · Genesis La Economic Growth Cor
May 11, 2017
—
City Labs Boyle Heights LLC
—
Deed
related
$1,000,000 · Genesis La Economic Growth Cor
Jul 31, 2014
$1,215,000
City Labs Boyle Heights LLC
1645 East 6th Street Trust
Grant Deed
$1,003,000 · Genesis La Economic Growth Cor
Mar 30, 2006
—
Shownee Smith
1645 E 6th Street/557 561 S Clarenc
Grant Deed
$760,000 · Lehman Brothers Bank Fsb
Mar 19, 2003
$420,000
E 6th Street 557-561 S C 1645
Yang,soo N
Grant Deed
$357,000 · Saehan Bank
Sep 4, 2001
—
Soo N Yang
Yang,y H
Quit Claim Deed
related
—
Mar 20, 1990
$75,000
Sang Lee
Jang Yung H&eun
Quit Claim Deed
related
—
Jul 18, 1989
$282,500
Yung H Jang
Chapala
Grant Deed
$197,750 · Mid City Bank
Mar 17, 1989
—
Chapala
Solorio Robert S
Quit Claim Deed
related
—
—
—
Sang Lee
—
Deed Of Trust
related
$125,000 · Bank Of Canton
—
—
City Labs Boyle Heights LLC
—
Loan Modification
related
$1,003,000 · Genesis La Economic Growth Cor
—
—
City Labs Boyle Heights LLC
—
Loan Modification
related
$59,000 · Genesis La Economic Growth Cor
—
—
Soo N Yang
—
Deed Of Trust
related
$24,000 · Bank Of Canton
—
—
City Labs Boyle Heights LLC
—
Deed Of Trust
related
$1,000,000 · Genesis La Economic Growth Cor
—
—
1645 E 6th Street 557-561
—
Deed Of Trust
related
$100,000 · Saehan Bank
—
—
Yung H Jang
—
Deed Of Trust
related
$200,000 · Hanil Bk La Agcy
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.
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