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Property profile & analytics
OFF-MARKET
Estimated value
$6,440,000
Community centers
837 Spg St Los Angeles, CA 90012-2377
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US09-6479335
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1912
Construction
TILT-UP CONCRETE
Total area
39,072 SF
Lot
0.3 ac (13,049 SF)
Zoning code
LAC2
APN
5408-031-001
UPID
US09-6479335
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
-
Arroyo Hill Development, Inc. Construction Company General Contractor
-
Sunlight Music USA Inc (Bike/Boat/Book/etc) Store
-
William A. Nailling, PLS Land Surveyor
-
Ecosense Lighting Corporate Office
-
NAC Architecture Interior Designer Architect
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.06M
Blend (final)
Blend
$6.44M
Owner & transaction history
837 North Spring Owner LLC · 12 yrs held
837 North Spring Owner LLC
since 2014
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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.44M
Range $5.80M – $7.08M · ±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
$165 / 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
$95,524
Tax year 2024
Assessed value
$6,386,298
Assessed 2024
Previous assessed
$6,386,298
+0.0% YoY
Effective rate
1.50%
On assessed value
Assessed land
$3,087,103
Assessed improvement
$3,299,195
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1912
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
96
Total area
39,072 SF
Lot
0.3 ac (13,049 SF)
Zoning code
LAC2
APN
5408-031-001
UPID
US09-6479335
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.
Building & site characteristics
From public records
Year built
1912
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
96
Lot
0.3 ac
Current owner
From public records · entity-resolved
837 North Spring Owner LLC
Entity
Mailing address
PO BOX 531847, LOS ANGELES, CA 90053-1847
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 29, 2018
—
837 North Spring Owner LLC
—
Deed
related
$13,200,000 · Argentic R/e Fin LLC
Feb 11, 2016
—
837 North Spring Owner LLC
—
Trustees Deed
related
$12,055,000 · California United Bk
Jul 7, 2014
$5,600,000
837 North Spring Owner LLC
Hang,juy T
Grant Deed
—
Oct 13, 2004
$3,100,000
Huy T Hang
Tsai,ming-huan
Grant Deed
$2,100,000 · * Other Institutional Lenders
Mar 28, 1997
$1,350,000
Ming-huan Tsai
Fan & Partners Company INC
Grant Deed
$900,000 · Bank Of East Asia
Oct 10, 1995
—
Fan & Partners Co INC
—
Deed Of Trust
related
$1,000,000 · Evertrust Bank
Jun 30, 1995
—
Fan & Partners Co INC
Sumitomo Bank
Grant Deed
related
—
Jan 5, 1994
$2,418,000
Sumitomo Bank
Lido Center LP
Trustees Deed
related
—
—
—
Fan & Partners Co INC
—
Deed Of Trust
related
$700,000 · Individual
—
—
Ming H Tsai
—
Deed Of Trust
related
$1,125,000 · Bank Of East Asia
—
—
Fan & Partners Co INC
—
Deed Of Trust
related
$200,000 · Individual
—
—
Huy T Hang
—
Deed Of Trust
related
$1,700,000 · Hanmi Bank
—
—
Ming H Tsai
—
Deed Of Trust
related
$1,443,000 · Bank Of East Asia
—
—
837 North Spring Owner LLC
—
Deed Of Trust
related
$13,200,000 · Argentic R/e Fin LLC
—
—
Anna Q Diep
—
Deed Of Trust
related
$2,800,000 · Sumitomo Bank
—
—
Huy T Hang
—
Deed Of Trust
related
$1,800,000 · Bank Of East Asia
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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