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Property profile & analytics
OFF-MARKET
Estimated value
$7,555,000
Retail space
833 3rd St Los Angeles, CA 90013-1833
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6480597
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1930
Construction
TILT-UP CONCRETE
Total area
26,980 SF
Lot
0.67 ac (29,019 SF)
Zoning code
LAM3
APN
5163-007-010
UPID
US09-6480597
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
-
Over the Influence Art Gallery
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.64M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.56M
Owner & transaction history
Third Art LLC · 7 yrs held
Third Art LLC
since 2018
7 recorded transactions
Zoning & alternative use
LAM3 · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$12.3M
+11.0%
Neighborhood: shopping center
$11.4M
+3.2%
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%
$10,435,000
6.5%
$9,635,000
7%
$8,945,000
Alternative Use
Use
Estimation
RETAIL STORES
$11,075,000
Current use
MEDICAL BUILDING
$12,290,000
Change: +11% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$11,425,000
Change: +3% · Conversion: Moderate
Blend value · Realmo final
$7.56M
Range $6.80M – $8.31M · ±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
$280 / 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
$249,509
Tax year 2024
Assessed value
$20,154,722
Assessed 2024
Previous assessed
$20,154,722
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$3,878,998
Assessed improvement
$16,275,724
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1930
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
26,980 SF
Lot
0.67 ac (29,019 SF)
Zoning code
LAM3
APN
5163-007-010
UPID
US09-6480597
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAM3 · Los Angeles, CA
Zoning LAM3 · permitted uses
LAM3 · 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
RETAIL STORES Current
Est. value
$11.1M
MEDICAL BUILDING
Est. value
$12.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.4M
RETAIL STORES Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.67 ac
Current owner
From public records · entity-resolved
Third Art LLC
Entity
Mailing address
1330 FACTORY PL E BLDG E, LOS ANGELES, CA 90013-1940
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 9, 2018
—
Third Art LLC
Third Art Holdings LLC
Grant Deed
$16,000,000 · Deutsche Bank National Trust Co
Jan 31, 2018
—
Third Art Holdings LLC
—
Deed
related
—
Nov 17, 2016
—
Third Art Holdings LLC
—
Deed
related
$5,725,465 · Cathay Bk
Feb 17, 2012
$4,500,045
Third Art Holdings LLC
Third & Garey Associates LLC
Grant Deed
$2,250,000 · Lone Oak Fund LLC
Aug 16, 2006
$3,900,000
Third & Garey Associates LLC
Steinberg Sylvia
Grant Deed
$2,150,000 · Cathay Bank
Jan 30, 2006
—
Steinberg Sylvia Tr
Steinberg,william
Affidavit Of Death
related
—
—
—
Third Holdings LLC
—
Loan Modification
related
$5,770,000 · Cathay Bk
—
—
Third Art Holdings LLC
—
Loan Modification
related
$5,725,465 · Cathay Bk
—
—
Third Art Holdings LLC
—
Loan Modification
related
—
Nov 29, 1968
$175,000
William Steinberg
—
Grant Deed
related
—
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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