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    Westchester Townhouse Near LAX Title is generated by Realmo AI

    8620 Belford Avenue #608, Los Angeles, CA 90045

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    For Sale
    $723,000

    Tri-level townhouse in gated community, convenient to LAX.

    Type:Condominium
    Property size:
    1,255 SF
    Price / SF:
    $576/SF
    Added:
    Jul 16, 2025
    Days on Market:
    313
    Last Refresh:
    Apr 5 at 11:05 pm

    Property Features for 8620 Belford Avenue #608

    General Information

    Standard status
    Active
    Size
    1,255 SF
    Property subtype
    Condominium

    Building Details

    Year Built
    2007

    We can help!

    Listing Contact
    Chih-Wei Hu

    Listing agent Chih-Wei Hu License #02072979

    Listing office South Pasadena / San Gabriel Valley

    Listing date Jul 16, 2025

    Source Kw

    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 South Pasadena / San Gabriel Valley

    HighLights

    • Prime location: Minutes from LAX, walkable to Trader Joe's, Target, markets, restaurants, winery, and brewery; bikeable to the beach, SoFi Stadium, and Intuit Dome.
    • Gated community: Located in the exclusive, gated Alicante Westchester Homes.
    • Move‑in ready: Gorgeous tri‑level townhouse with modern comfort.
    • Abundant natural light: Light and airy end unit with tall windows and a fixed sun window.
    • Attached 2‑car garage: Includes in‑unit laundry and extra‑long tandem garage with ~80 sq ft of bonus storage.
    • Peaceful balcony: Inside‑facing balcony away from street and gate noise, perfect for relaxing or grilling.

    Overview

    Located in the gated Alicante Westchester Homes community, this tri-level townhouse offers 2 bedrooms and 3 bathrooms. The property features an attached 2-car garage with in-unit laundry. An end unit, it benefits from natural light through tall windows and a fixed sun window over the staircase. High ceilings and an east-facing layout provide morning sunshine, while an inside-facing balcony offers a space for relaxation. The location is set away from street and gate noise. The tandem garage is extra-long, providing approximately 80 sq ft of bonus storage. Situated just 2 miles from LAX, the property allows for walking access to flights. Nearby amenities include Trader Joe’s, Target, weekend markets, local eateries, a local winery, and a local brewery. The location also provides opportunities for biking to the beach and accessing SoFi Stadium and Intuit Dome.
    Property Profile Location Intelligence

    Current Use by Public Records

    Shannon Speaker Dream ... Travel Agency Arcflash Labs Industrial Manufacturer

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness 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
    -118.384
    Latitude
    33.9592

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    FAQs

    What type of property is this?
    Specialty property - Tri-level townhouse in gated community, convenient to LAX.
    Where is this specialty property located?
    The property is located at 8620 Belford Avenue #608 Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $723,000.
    What are key features of this property?
    This property features: Prime location: Minutes from LAX, walkable to Trader Joe's, Target, markets, restaurants, winery, and brewery; bikeable to the beach, SoFi Stadium, and Intuit Dome.; Gated community: Located in the exclusive, gated Alicante Westchester Homes.; Move‑in ready: Gorgeous tri‑level townhouse with modern comfort.
    (626) 872-2207
    We can help!
    Listing Contact
    Chih-Wei Hu
    Real Estate License ID: 02072979
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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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