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    2537 Woodstock Rd Los Angeles, CA 90046

    Sponsored
    For Sale
    $99,000

    Land/Lot - Los Angeles, CA

    Lot size:
    10,538.00 Acres
    Days on Market:
    303
    Last Refresh:
    Jan 20 at 11:06 am

    Property Features for 2537 Woodstock Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    LARE11
    APN
    5565021038
    Exterior features
    Community Features Included: Curbs, Foothills, Sidewalks, Storm Drains, Street Lights
    Lot size
    10,538.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Randall Porizek

    Century 21 Union Realty (310) 371-6330 [email protected]

    Listing agent Randall Porizek (310) 371-6330 License #01883952

    Listing date Mar 24, 2025

    MLS# SB25063986 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Canyon View Hillside Lot

    Located in the Hollywood Hills, this 10,538 square foot hillside lot offers canyon views and is situated in close proximity to the Sunset Strip and the Houdini Estate. The property is near Mt. Olympus and Hercules Drive. Slope band analysis indicates the potential to construct an approximately 2,961 square foot home with a 400 square foot garage, up to 36 feet tall with a sloped roof, or 30 feet tall with a flat roof. The lot is surrounded by million-dollar homes. Power and water are located nearby. It is best suited for an end user. The property is under the jurisdiction of the City of Los Angeles and is subject to the Los Angeles Baseline Hillside Ordinance (BHO), the Los Angeles Municipal Code Development Standards, and the Mulholland Scenic Parkway Specific Plan. New developments are under construction in Hollywood, Studio City, and surrounding areas. The lot is street to street.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Hair Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness Wholesale Shop

    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
    -118.370687
    Latitude
    34.117595

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    FAQs

    What type of property is this?
    Land - Secluded Hollywood Hills lot with canyon views.
    Where is this land located?
    The property is located at 2537 Woodstock Rd Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $99,000.
    What are key features of this property?
    This property features: - Prime Hollywood Hills location: Just a 5-minute drive to the Sunset Strip and near the Houdini Estate.; - Canyon view lot: Secluded 10,538 SF hillside lot with potential for a 2,961 SF home.; - Development potential: Opportunity to build a custom home surrounded by million-dollar homes.
    (310) 972-9111
    Request Owner's contact information
    2537 Woodstock Rd Los Angeles, CA 90046
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    Los Angeles, CA 90046
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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.

    More about this property
    2537 Woodstock Rd Los Angeles, CA 90046
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    We can help!
    Listing Contact
    Randall Porizek
    Real Estate License ID: 01883952
    (310) 972-9111
    Learn more
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