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Property profile & analytics
OFF-MARKET
Estimated value
$910,000
Manufacturing properties
601 Clarence St, Los Angeles, CA 90023-1107
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7821880
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1924
Construction
TILT-UP CONCRETE
Total area
6,516 SF
Lot
0.16 ac (7,148 SF)
Zoning code
LAM1
APN
5171-005-001
UPID
US09-7821880
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
-
Stage 3 (Bike/Boat/Book/etc) Store Photography Service
-
The Dover Studio Photography Service (Bike/Boat/Book/etc) Store
-
Basic Textiles Construction Company
-
The Blind Spot Project Nightclub DJ & Entertainment
-
A Very Rare Shop Theater & Performing Art Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.25M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$910k
Owner & transaction history
601 Clarence Street LLC · 10 yrs held
601 Clarence Street LLC
since 2015
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,350,000
6.5%
$1,245,000
7%
$1,155,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,515,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$910k
Range $819k – $1.00M · ±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
$140 / 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
$11,587
Tax year 2024
Assessed value
$884,245
Assessed 2024
Previous assessed
$884,245
+0.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$407,288
Assessed improvement
$476,957
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
1924
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
6,516 SF
Lot
0.16 ac (7,148 SF)
Zoning code
LAM1
APN
5171-005-001
UPID
US09-7821880
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAM1 · Los Angeles, CA
Zoning 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
Los Angeles. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE
Est. value
$1.5M
WAREHOUSE, STORAGE
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
1924
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
601 Clarence Street LLC
Entity
Mailing address
615 S CLARENCE ST, LOS ANGELES, CA 90023-1107
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2020
—
601 Clarence Street LLC
—
Deed
related
$3,000,000 · Business Dev Department
Jun 28, 2017
—
601 Clarence Street LLC
—
Grant Deed
related
$6,000,000 · Cathay Bk
Oct 23, 2015
—
601 Clarence Street LLC
601 Clarence LLC
Quit Claim Deed
related
—
Aug 15, 2014
—
601 Clarence LLC
Shaolian,edwin & Roza K
Quit Claim Deed
related
—
Sep 6, 2006
—
Edwin Shaolian
Shaolian,edwin & Roza K
Quit Claim Deed
related
$237,000 · Cdc Small Business Finance Co
May 9, 2006
—
Edwin Shaolian
Clarence 601 Investments
Grant Deed
$328,000 · Zions First National Bank
Jun 2, 2003
—
Clarence 601 Investments
Hinman,bruce L
Grant Deed
$197,024 · Jerome Morrison Estate
May 30, 2003
—
Bruce L Hinman
Heiman,lisa
Quit Claim Deed
related
—
—
—
Clarence 601 Investments
—
Deed Of Trust
related
$875,000 · Robert J Bradberry
—
—
601 Clarence Street LLC
—
Loan Modification
related
$3,000,000 · Business Dev Department
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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