815 Washington Blvd Los Angeles, CA 90021-3018
Trust Owned
~
Est. High Equity
Estimated value (blended)
$4.03M
Range $3.63M – $4.43M (±10%)
Property ID
US09-7695651
Property summary
AI-generated overview
A mixed-use property in Downtown Los Angeles includes clear-span warehouse space and a retail store. The retail component has street frontage on Washington Boulevard and 18th Street, providing approximately 125 feet of frontage on Washington Boulevard and 97 feet on 18th Street, and is situated between Griffith Avenue and Stanford Avenue. The property is adjacent to the DTLA Fashion District and is approximately one mile from USC and the Convention Center; the Metro Blue Line Light Rail runs in front of the property along Washington Boulevard. The site is located in a Qualified Designated Opportunity Zone and is classified as TOC Tier 3. The property configuration includes billboarding that historically generated annual billboard income, and a 2025 environmental report is on file. The property has a total size of approximately 18,200 square feet.
Property profile
Verified
Property type
Other warehouses
Use group
WAREHOUSE, STORAGE
Year built
1943
Construction
TILT-UP CONCRETE
Total area
16,364 SF
Lot
0.73 ac (31,793 SF)
Zoning code
LAM2
APN
5131-004-034
UPID
US09-7695651
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Bakery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.80M
Comparable Approach
Comparable
$3.13M
Blend (final)
Blend
$4.03M
Owner & transaction history
since 2025
Last sale
$4.6M
5 recorded transactions
Zoning & alternative use
LAM2 · Los Angeles, CA
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 7 comparables with addresses
2 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$4.03M
Value range
$3.63M – $4.43M
±10% around blend
Estimated value / SF
$246 / SF
Confidence
High
7 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
70
$3.63M
blend $4.03M
$4.43M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
16,364 SF
Lot area
0.73 ac
Year built
1943
Stories
1
APN
5131-004-034
Assessed value
$386,221
Annual tax
$7,506
3
Income approach: direct capitalization
Partial preview
Income approach indication
$3.80M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$4.12M
@ 6.5% CAP return
$3.80M
@ 7% CAP return
$3.53M
4
Sales comparison
Partial preview
Sales approach indication
$3.70M
Weighted, 7 comps · high confidence
Evidence
7 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
6.7 mi away · 17,006 SF
7.5 mi away · 14,952 SF
7.8 mi away · 20,860 SF
8.8 mi away · 18,962 SF
9.2 mi away · 14,792 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$4.03M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 73 sales
$307
-20%
Submarket 469 sales
$280
-12%
County 1878 sales
$294
-16%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $246/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 7 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$4.60M
Move the market yield to see immediate price impact.
Value / SF
$281
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$290k
$5.80M
$4.14M
$3.22M
$322k
$6.44M
$4.60M
$3.58M
$354k
$7.08M
$5.06M
$3.94M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
7 found
High confidence · county-verified
Closest comparable
$5.80M
5.8 mi · Oct 2025 · $390/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$7,506
Tax year 2024
Assessed value
$386,221
Assessed 2024
Previous assessed
$386,221
+0.0% YoY
Effective rate
1.94%
On assessed value
Assessed land
$191,066
Assessed improvement
$195,155
Applied tax rate
6.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1943
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
3
Stories
1
Total area
16,364 SF
Lot
0.73 ac (31,793 SF)
Zoning code
LAM2
APN
5131-004-034
UPID
US09-7695651
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAM2 · Los Angeles, CAZoning LAM2 · permitted uses
LAM2 · Los Angeles, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1943
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
3
Lot
0.73 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
LAM2
Jurisdiction
Los Angeles, CA
Recorded code
LAM2
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for LAM2 in Los Angeles, CA.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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