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Property profile & analytics
FOR SALE
Office buildings
900 S Santa Fe Ave Los Angeles, CA 90021
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8188194
For Sale
1 / 3
Contact for pricing
900 S Santa Fe Ave, Los Angeles, CA 90021
View Listing →
Property summary
AI-generated overview
This exceptional property at 900 S Santa Fe Ave in Los Angeles, CA offers 18,000 square feet of modern executive office space, ideally situated in the heart of the Arts District. Built in 2020, the building features two suites, with a minimum divisible space of 2,400 square feet and a maximum contiguous space of 3,170 square feet. Currently, 5,570 square feet is available for lease. The property is zoned M3-1-R10 and is located in Los Angeles County, zip code 90021. This multi-tenant building provides ample on-site parking, a significant advantage in the bustling Downtown Los Angeles area. Its prime location directly across from the SOHO Warehouse offers unparalleled visibility and accessibility. The building's modern design and convenient amenities make it an ideal location for businesses seeking a vibrant and productive work environment. The available space is perfect for companies seeking a stylish and functional office space in a thriving, creative neighborhood. This is a rare opportunity to secure a prominent location in one of Los Angeles's most sought-after areas. Inquire today to learn more about leasing options and explore the possibilities of establishing your business in this dynamic location.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1912
Construction
WOOD
Total area
5,144 SF
Lot
0.3 ac (13,199 SF)
Zoning code
LAM3
APN
5166-004-006
UPID
US09-8188194
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.01M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.92M
Owner & transaction history
Thor 900 Santa Fe LLC · 10 yrs held
Thor 900 Santa Fe LLC
since 2015
6 recorded transactions
Zoning & alternative use
LAM3 · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.8M
+8.3%
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%
$2,170,000
6.5%
$2,005,000
7%
$1,860,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,580,000
Current use
AUTO REPAIR, GARAGE
$2,795,000
Change: +8% · Conversion: Difficult
MEDICAL BUILDING
$2,345,000
Change: -9% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,180,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$1.92M
Range $1.73M – $2.11M · ±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
$373 / 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
$72,995
Tax year 2024
Assessed value
$5,889,970
Assessed 2024
Previous assessed
$5,889,970
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$5,878,366
Assessed improvement
$11,604
Applied tax rate
15.0000
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
Status
For Sale
Year built
1912
Construction
WOOD
Heating
NONE
Stories
1
Total area
5,144 SF
Lot
0.3 ac (13,199 SF)
Zoning code
LAM3
APN
5166-004-006
UPID
US09-8188194
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAM3 · Los Angeles, CAZoning 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
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$2.8M
MEDICAL BUILDING
Est. value
$2.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.2M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
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
1912
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.3 ac
Current owner
From public records · entity-resolved
Thor 900 Santa Fe LLC
Entity
Mailing address
25 W 39TH ST, NEW YORK, NY 10018-3805
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 16, 2015
$9,900,000
Thor 900 Santa Fe LLC
1006 Lexington LLC
Grant Deed
$5,000,000 · East West Bank
Oct 16, 2015
$6,250,000
1006 Lexington LLC
Mjw Holdings
Grant Deed
—
Mar 9, 2009
—
Jsb Equities
Schachter 1989 Trust
Grant Deed
—
Mar 26, 1998
—
Whitman,mark E & Janet Co-truste
Whitman,m E
Quit Claim Deed
related
—
Mar 25, 1998
$185,000
Whitman,mark E
Ricklefs Trust
Trustees Deed
$270,000 · Bank Of Yorba Linda
Mar 25, 1998
—
Mark E Whitman
Whitman,j
Quit Claim 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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