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    La Brea Avenue Retail/Parking Title is generated by Realmo AI

    800 N La Brea Ave, Los Angeles, CA 90038

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    Retail and parking spaces available on La Brea Avenue.

    Type:Retail, Office, Special Purpose
    Property size:
    3,000 SF
    Lot size:
    0.37 Acres
    Added:
    Dec 13, 2023
    Days on Market:
    902
    Last Refresh:
    May 12 at 10:09 pm

    Property Features for 800 N La Brea Ave

    General Information

    Standard status
    Active
    Size
    3,000 SF
    Lot size
    0.37 Acres
    Property subtype
    Retail, Office, Special Purpose

    Spaces For Lease

    at 800 N La Brea Ave Contact us

    810-814 N La Brea Avenue $8/Mo

    Size
    3,000 SF
    Type
    Retail, Office, Special Purpose
    Carolwood is pleased to present for lease 800 and 810-814 N. La Brea Avenue, Los...
    show more
    Contact us

    800 N La Brea $8/Mo

    Size
    13,000 SF
    Type
    Retail, Office, Special Purpose
    Barriers can be removed.nCarolwood is pleased to present for lease 800 and 810-814...
    show more
    Contact us

    We can help!

    Listing Contact
    Chris Mara

    Listing agent Chris Mara License #CA 00886282

    Listing office Carolwood Realestate

    Listing date Dec 13, 2023

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Carolwood Realestate

    HighLights

    • High‑visibility corner location on North La Brea Avenue.
    • Flexible lease options: entire property, retail space (1,000‑3,000 sq ft), or parking lot.
    • Located in a high‑demand redevelopment corridor.
    • Ample parking available both behind the building and on a separate 16,000 sq ft lot.
    • Retail space can be subdivided into units ranging from 1,000 to 3,000 sq ft.
    • Located just north of Melrose Avenue.

    Overview

    Located at the corner of Waring, 800-814 N La Brea Avenue offers leasing options in various configurations. These include single units of approximately 1,000 to 3,000 square feet of building space with parking in the rear, as well as a corner lot of approximately 16,000 square feet. Situated in the high-demand and redevelopment corridor on North La Brea Avenue, just north of Melrose Avenue, the property is centrally located. The spaces can be leased separately, offering approximately 1,000 to 3,000 square feet of retail or showroom space with parking in the rear, or the approximately 16,000-square-foot parking lot can be leased separately. The property features a high-visibility corner location with parking directly behind the building, plus the additional 16,000-square-foot corner lot, providing excellent visibility, signage, and parking. Lease options include the entire building and parking lot, retail space subdivided into units ranging from 1,000 to 3,000 square feet, or the approximately 16,000 square foot parking lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Chicas Tacos Restaurant All Season Brewing ... Production Facility Firestone Complete Car ... Car Rental Facility Red Cooling & Heating ... HVAC Service Firestone Building Tour Operator

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.34454
    Latitude
    34.06027

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    FAQs

    What type of property is this?
    Retail space - Retail and parking spaces available on La Brea Avenue.
    Where is this retail space located?
    The property is located at 800 N La Brea Ave Los Angeles, CA.
    What is the lease rate?
    The lease rate is $96 SF/Yr.
    What are key features of this property?
    This property features: High‑visibility corner location on North La Brea Avenue.; Flexible lease options: entire property, retail space (1,000‑3,000 sq ft), or parking lot.; Located in a high‑demand redevelopment corridor.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Chris Mara
    Real Estate License ID: CA 00886282
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    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.

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