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

    3408-3412 Eastern Ave Los Angeles, CA 90032

    • Retail properties
    • 2,200 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 3408-3412 Eastern Ave

    Property size
    2,200 SF
    Property type
    Retail properties
    Property subtype
    Office Properties & Spaces

    Description

    This exceptional Los Angeles County commercial property, located at 3408-3412 N Eastern Ave, zip code 90032, offers multiple medical office suites for lease. The building's total area encompasses 2,200 square feet, with individual suites ranging from a minimum of 900 square feet to a maximum contiguous space of 1,300 square feet. The property is categorized as both retail and office space, making it suitable for a variety of businesses. One available suite, previously used as part of a medical center, boasts desirable features including a private restroom, a kitchenette equipped with a sink, two private offices, a dedicated storage room, and a closet. Its location on N Eastern Avenue in Los Angeles provides excellent street visibility and benefits from high foot traffic, ensuring optimal exposure for any tenant. The property's flexible layout and convenient amenities make it an ideal location for businesses seeking a well-appointed and accessible space in a thriving area. This is a rare opportunity to secure a well-situated commercial space in a desirable Los Angeles neighborhood. The property is situated in Los Angeles, California, within Los Angeles County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.178
    Latitude
    34.0855

    Comparable in this City

    • Value Estimation
      $1,415,000
      6,036 SF

      5411 Vly Blvd

      MEDICAL BUILDING • 6,036 SF
      5411 Vly Blvd, Los Angeles, CA 90032-3518
      View Details
    • Value Estimation
      $560,000
      34,246 SF

      5359 Vly Blvd

      NURSERY, GREENHOUSE, FLORIST • 34,246 SF
      5359 Vly Blvd, Los Angeles, CA 90032-3930
      View Details
    • Value Estimation
      $270,000
      2,000 SF

      3331 Eastern Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 2,000 SF
      3331 Eastern Ave, Los Angeles, CA 90032
      View Details
    • Value Estimation
      $230,000
      1,155 SF

      5003 Alhambra Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1,155 SF
      5003 Alhambra Ave, Los Angeles, CA 90032-3406
      View Details
    • Value Estimation
      $275,000
      867 SF

      4645 Huntington N Dr

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 867 SF
      4645 Huntington N Dr, Los Angeles, CA 90032-1919
      View Details
    • Value Estimation
      $255,000
      500 SF

      5461 Alhambra Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 500 SF
      5461 Alhambra Ave, Los Angeles, CA 90032-3130
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,500 SF

      Versatile Retail or Office Building

      4,500 SF building ideal for retail or office use.
      Los Angeles, CA 90032
      View Details
    • $499,000
      655 SF

      Freestanding Retail Building in Los Angeles

      655 SF retail building on 1,650 SF lot in Los Angeles.
      4834 Huntington Dr S, Los Angeles, CA 90032
      View Details
    • $1,300,000

      El Sereno Commercial Property For Sale

      Commercial property in El Sereno with high visibility and exposure.
      5568 Alhambra Ave, Los Angeles, CA 90032
      View Details
    • $1,800,000
      6 SF

      El Sereno Multifamily Investment Opportunity

      15-unit multifamily property with RTI permit in El Sereno.
      5073 Huntington Dr N | Los Angeles, Los Angeles, CA 90032
      View Details
    • $55,000
      7,516.00 Acres

      Los Angeles Hillside Development Opportunity

      7,516 sq ft lot with panoramic city views.
      3943 Randolph Ave, Los Angeles, CA 90032
      View Details
    • $55,000
      7,535.00 Acres

      Los Angeles Hillside Development Opportunity

      7,535 sq ft lot with panoramic city views.
      3947 Randolph Ave, Los Angeles, CA 90032
      View Details

    Similar Nearby for Lease

    • $2 SF/Yr
      2,157 SF

      Renovated Creative Office/Industrial Space

      Renovated creative space with high ceilings and secure parking.
      4610 Valley Blvd, Los Angeles, CA 90032
      View Details
    • Contact for pricing
      479,160 SF

      Secured Parking Lot Near Downtown

      Fenced and lighted parking lot near Downtown Los Angeles.
      4000 N Mission Rd, Los Angeles, CA 90032
      View Details
    • Contact for pricing
      1,352 SF

      El Sereno Commercial Corner Lot

      Established smog check business on a corner lot for lease.
      4780 S Huntington Dr S, Los Angeles, CA 90032
      View Details
    • $1,815 /Mo
      1,110 SF

      Retail Space in El Sereno

      Retail space for lease in Los Angeles's El Sereno neighborhood.
      3104 Eastern Ave, Los Angeles, CA 90032
      View Details
    • $20 SF/Yr
      123,411 SF

      Downtown LA Industrial Spaces

      Versatile industrial space, 15 units available
      1919 Vineburn Ave, Los Angeles, CA 90032
      View Details
    • $1.28 SF/Yr
      5,200 SF

      Freestanding Industrial Building with Office

      Remodeled industrial building featuring office space and loading dock.
      5440 Alhambra Ave, Los Angeles, CA 90032
      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.
    3408-3412 Eastern Ave
    Los Angeles, CA 90032
    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.