Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    516 La Brea Ave Los Angeles, CA 90036-2016

    • Retail space
    • 4,100 SF
    • 0.10 lot acres
    OFF-MARKET
    Value Estimations
    $365,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7268172
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Compartes Chocolatier Los Angeles / Chocolate Shop

    Property Details for 516 La Brea Ave

    Year built
    1937
    Construction
    WOOD
    Lot size
    0.10 lot acres
    Property size
    4,100 SF
    Zone code
    LAC4
    Property type
    Retail space
    APN
    5525-020-008
    APU
    5525020008

    Description

    This exceptional 5,200 square foot single-tenant property boasts a prime location at 516 N. La Brea Avenue, nestled between the vibrant neighborhoods of West Hollywood and Hollywood. The space features a stunning ground floor showroom with high ceilings, previously showcased in Architectural Digest and the Los Angeles Times. Ideal for a creative office or retail business, the property has recently undergone updates. The second floor offers office and storage space with operable windows, providing ample natural light and ventilation. A unique feature is a converted 4-5 car garage, now adaptable for retail or storage use. This location benefits from exceptional visibility and high foot traffic on La Brea Avenue, just a short 1.5-block stroll from the amenity-rich Melrose Avenue. The surrounding area is densely populated with an affluent demographic. Convenience is key, with numerous restaurants and retail options within walking distance. The property's Walk Score of 92 out of 100 confirms its pedestrian-friendly environment, making it a "Walker's Paradise." This property presents a rare opportunity to secure a highly desirable and well-appointed space in a thriving Los Angeles location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $360,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $453,000
      Market price range: $201k - $453k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.344
    Latitude
    34.0809
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $42,279
    $2,342,588
    $1,131,134
    $3,473,722
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $405,000
      6,280 SF

      401 Fairfax Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,280 SF
      401 Fairfax Ave, Los Angeles, CA 90036-3133
      View Details
    • Value Estimation
      $345,000
      8,654 SF

      367 Fairfax Ave

      RETAIL STORES (PERSONAL SERVICES) • 8,654 SF
      367 Fairfax Ave, Los Angeles, CA 90036
      View Details
    • Value Estimation by Request
      3,065 SF

      115 Fairfax Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,065 SF
      115 Fairfax Ave, Los Angeles, CA 90036-2110
      View Details
    • Value Estimation
      $415,000
      37,970 SF

      5407 Wilshire Blvd

      RETAIL STORES (PERSONAL SERVICES) • 37,970 SF
      5407 Wilshire Blvd, Los Angeles, CA 90036-4203
      View Details
    • Value Estimation
      $290,000
      4,800 SF

      315 La Brea Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,800 SF
      315 La Brea Ave, Los Angeles, CA 90036-2517
      View Details
    • Value Estimation
      $405,000
      7,553 SF

      101 Fairfax Ave

      RETAIL STORES (PERSONAL SERVICES) • 7,553 SF
      101 Fairfax Ave, Los Angeles, CA 90036-2110
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,500 SF

      Fairfax District Retail Investment Opportunity

      Retail building in Fairfax District near Miracle Mile for sale.
      565 S Fairfax Ave, Los Angeles, CA 90036
      View Details
    • $3,595,000
      6,265 SF

      Hollywood Retail Investment Opportunity

      Prime La Brea Ave Retail Building, 6,265 SF
      152 La Brea Ave, Los Angeles, CA 90036
      View Details
    • $2,450,000
      6,265 SF

      Retail/Office Space on La Brea

      Storefront retail or office space available for purchase.
      152-154 N La Brea Ave, Los Angeles, CA 90036
      View Details
    • Contact for pricing
      9,000 SF

      Prime Fairfax Ave Retail Space

      9,000 SF Retail Building, Los Angeles
      355 Fairfax Ave, Los Angeles, CA 90036
      View Details
    • $2,495,000

      Miracle Mile Art Deco Apartments

      Two-story, eight-unit Art Deco building in Miracle Mile.
      626 S Cloverdale Ave, Los Angeles, CA 90036
      View Details
    • $1,295,000

      Los Angeles Property for Sale

      Los Angeles property available for purchase.
      917 S Sycamore Ave, Los Angeles, CA 90036
      View Details

    Similar Nearby for Lease

    • $4 SF/Yr
      2,365 SF

      Retail Space on Beverly Blvd

      First floor retail space available for rent in Los Angeles.
      7350-7358 Beverly Blvd, Los Angeles, CA 90036
      View Details
    • Contact for pricing
      16,690 SF

      Retail Space on Wilshire Boulevard

      Retail space available for lease on Wilshire Boulevard.
      5575 Wilshire Blvd, Los Angeles, CA 90036
      View Details
    • $5 SF/Yr
      5,677 SF

      Beverly Boulevard Retail Space Available

      Retail space with showroom, creative office, and high ceilings.
      7366-7372 Beverly Blvd, Los Angeles, CA 90036
      View Details
    • $3 SF/Yr
      800 SF

      Retail Space on La Brea

      Retail space featuring high ceilings, open space, and natural light.
      340-344 N La Brea Ave, Los Angeles, CA 90036
      View Details
    • $7 SF/Yr
      600 SF

      Retail Space with Private Bathroom

      Retail space available for rent, featuring a private bathroom.
      300 S La Brea Ave, Los Angeles, CA 90036
      View Details
    • $4 SF/Yr
      4,400 SF

      Retail Space For Rent

      First floor retail space available for rent.
      829-831 N Highland Ave, Los Angeles, CA 90036
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    516 La Brea Ave
    Los Angeles, CA 90036-2016
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.