Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    820 Spence St Los Angeles, CA 90023-1728

    • Investment properties
    • 2,220 SF
    • 0.17 lot acres
    OFF-MARKET
    Last Sale
    Jun 27, 2022
    $275,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7819198
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Investment properties

    Property Details for 820 Spence St

    Year built
    1909
    Construction
    WOOD
    Lot size
    0.17 lot acres
    Property size
    2,220 SF
    Zone code
    LAC2
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    5188-005-025
    APU
    5188005025

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.198
    Latitude
    34.027
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $10,368
    $629,442
    $187,272
    $816,714
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,464 SF

      2555 Whittier Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,464 SF
      2555 Whittier Blvd, Los Angeles, CA 90023-1330
      View Details
    • Value Estimation
      $835,000
      12,680 SF

      3406 Whittier Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 12,680 SF
      3406 Whittier Blvd, Los Angeles, CA 90023-1708
      View Details
    • Value Estimation
      $795,000
      4,118 SF

      4095 Whittier Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 4,118 SF
      4095 Whittier Blvd, Los Angeles, CA 90023-2525
      View Details
    • Value Estimation
      $965,000
      6,020 SF

      4043 Whittier Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 6,020 SF
      4043 Whittier Blvd, Los Angeles, CA 90023-2536
      View Details
    • Value Estimation by Request
      4,013 SF

      907 Lorena St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,013 SF
      907 Lorena St, Los Angeles, CA 90023-2203
      View Details
    • Value Estimation
      $725,000
      4,169 SF

      808 Lorena St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,169 SF
      808 Lorena St, Los Angeles, CA 90023-2202
      View Details

    Similar Nearby for Sale

    • $1,880,000
      5,400 SF

      Renovated Industrial Building with Studios

      Re-imagined industrial building with studio spaces and live/workspace.
      Telegraph Rd, Los Angeles, CA 90023
      View Details
    • $1,499,998
      6,746 SF

      Mixed-Use Complex in Los Angeles

      Six-unit mixed-use complex in the heart of East Los Angeles.
      2635 Whittier Blvd, Los Angeles, CA 90023
      View Details
    • $1,399,000
      4,797 SF

      Remodeled Mixed-Use Building Near Bridge

      Three-unit remodeled building near 6th Street Bridge, Los Angeles.
      760 S Boyle Ave, Los Angeles, CA 90023
      View Details
    • $650,000
      2,073 SF

      Mixed-Use Investment Opportunity in Boyle Heights

      Mixed-use property in Boyle Heights with residential and commercial potential.
      3306 E 8Th St, Los Angeles, CA 90023
      View Details
    • $2,000,000

      Mixed-Use Building with Restaurant

      Mixed-use property with restaurant, apartments, and parking.
      3706 Whittier Blvd, Los Angeles, CA 90023
      View Details
    • $3,800,000
      9,605 SF

      12,354 SF Boyle Heights Mixed-Use Investment

      12,354 SF Boyle Heights Mixed-Use Investment
      2226 Whittier Blvd, Los Angeles, CA 90023
      View Details

    Similar Nearby for Lease

    • $1.32 SF/Yr
      4,100 SF

      Prime LA Industrial Space For Lease

      4,100 SF Manufacturing/Warehouse in CBD
      1350 Velasco St, Los Angeles, CA 90023
      View Details
    • $1.25 SF/Yr
      2,400 SF

      Open Floor Plan Multi-Use Space

      Open Floor Plan Multi-Use Space
      3921 E Olympic Blvd, Los Angeles, CA 90023
      View Details
    • $3 SF/Yr
      1,055 SF

      Refrigerated Warehouse Space Available

      Refrigerated warehouse space suitable for produce/dry food uses.
      2640 East Washington Blvd, Los Angeles, CA 90023
      View Details
    • $1.40 SF/Yr
      11,900 SF

      Industrial Space with Office

      Industrial space featuring offices, secure parking, and freeway access.
      1501-1509 Rio Vista Ave, Los Angeles, CA 90023
      View Details
    • Contact for pricing
      602 SF

      Retail Space Available For Rent

      Retail space available for rent in Los Angeles, CA.
      3476 Whittier Blvd, Los Angeles, CA 90023
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    820 Spence St
    Los Angeles, CA 90023-1728
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.