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Property profile & analytics
OFF-MARKET
Estimated value
$20,975,000
Office buildings
618 Spg St Los Angeles, CA 90014-1901
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6805605
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1930
Construction
STEEL FRAME
Total area
69,844 SF
Lot
0.26 ac (11,334 SF)
Zoning code
LAC2
APN
5144-001-018
UPID
US09-6805605
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
-
Exchange LA Nightclub DJ & Entertainment
-
Gibbs Dumpsters Waste Management Facility
-
Speedy Payday Loans Loan Service
-
SoCaNiteLife Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$27.21M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$20.98M
Owner & transaction history
Smart Capital Invs I LLC · 8 yrs held
Smart Capital Invs I LLC
since 2018
7 recorded transactions
Zoning & alternative use
LAC2 · 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%
$29,475,000
6.5%
$27,205,000
7%
$25,260,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$31,815,000
Change: -9% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$29,580,000
Change: -16% · Conversion: Difficult
RETAIL STORES
$28,675,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$20.98M
Range $18.88M – $23.07M · ±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
$300 / 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
$353,340
Tax year 2024
Assessed value
$27,887,974
Assessed 2024
Previous assessed
$27,887,974
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$5,689,145
Assessed improvement
$22,198,829
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
1930
Construction
STEEL FRAME
Heating
NONE
Total area
69,844 SF
Lot
0.26 ac (11,334 SF)
Zoning code
LAC2
APN
5144-001-018
UPID
US09-6805605
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC2 · Los Angeles, CA
Zoning LAC2 · permitted uses
LAC2 · 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
MEDICAL BUILDING
Est. value
$31.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$29.6M
RETAIL STORES
Est. value
$28.7M
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1930
Construction
STEEL FRAME
Heating
NONE
Lot
0.26 ac
Current owner
From public records · entity-resolved
Smart Capital Invs I LLC
Entity
Mailing address
304 S KINGSLEY DR, LOS ANGELES, CA 90020-3410
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 25, 2023
—
Smart Capital Investments I LLC
—
Deed
related
$3,150,000 · Pcsb Bank
Dec 30, 2021
—
Smart Capital Investments I LLC
—
Deed
related
$600,000 · Hanmi Bank
May 10, 2019
—
Smart Capital Investments I LLC
—
Deed
related
$2,000,000 · Preferred Bank
Mar 29, 2019
—
Smart Capital Investments I LLC
—
Deed
related
$11,200,000 · Preferred Bank
Jan 24, 2018
$15,000,000
Smart Capital Invs I LLC
Bys Group INC
Grant Deed
$10,000,000 · Iborrow Fin Loan Fund I LP
May 13, 2016
—
Bys Group INC
New Vision Horizon LLC
Quit Claim Deed
related
—
Dec 28, 2010
$3,067,055
New Vision Horizon LLC
East-west Investment INC
Trustees Deed
related
—
Nov 22, 2010
—
Sg Global INC
Boss Tec America
Grant Deed
—
Oct 26, 2010
—
Pax America Dev LLC
Pax America Dev LLC
Quit Claim Deed
related
—
Jan 22, 2008
—
Pax America Dev LLC
Jang,eun J
Grant Deed
—
Oct 2, 2007
—
Eun J Jung
Pax America Dev LLC
Grant Deed
related
—
Nov 14, 2005
—
Pax America Dev LLC
San LLC
Grant Deed
$4,002,000 · East West Bank
Sep 13, 2005
—
San LLC
Massey R R & C S Trust
Grant Deed
$3,575,000 · Cathay Bank
Dec 3, 1991
$1,200,000
Rabi R Massey
Unknown
Grant Deed
—
Sep 17, 1990
$2,200,000
Natl Bank Long B
Los Angeles Stoc
Trustees Deed
related
—
Jul 13, 1990
$664,486
Mario Visintin
Los Angeles Stoc
Trustees Deed
related
—
—
—
New Vision Horizon LLC
—
Deed Of Trust
related
$2,000,000 · East West Bank
—
—
Pax America Dev LLC
—
Deed Of Trust
related
$1,600,000 · Wetac LLC
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
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