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
    Property profile & analytics

    1135 Highland Ave Los Angeles, CA 90038-1204

    • Manufacturing properties
    • 48,207 SF
    • 1.18 lot acres
    OFF-MARKET
    Value Estimations
    $355,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-9304120
    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

    • BuzzFeed / Corporate Office
    • Calumet Photo Los Angeles / Art Supply Store / Camera Store
    • BuzzFeed Motion Pictures / Media Company

    Property Details for 1135 Highland Ave

    Year built
    1931
    Construction
    WOOD
    Lot size
    1.18 lot acres
    Property size
    48,207 SF
    Zone code
    LAM1
    Property type
    Manufacturing properties
    APN
    5532-019-019
    APU
    5532019019

    Description

    This exceptional Los Angeles creative office campus, located at 1135 N Highland Ave and 1120-1126 N Citrus Ave, 90038, presents a rare opportunity in the heart of the Hollywood Media District. The property boasts a total of 65,139 square feet across six buildings situated on a 1.65-acre lot. Multiple tenancy options are available, with a minimum divisible space of 16,000 square feet and a maximum contiguous space of 28,000 square feet. Currently, 48,000 square feet of space is vacant, offering significant flexibility for businesses seeking substantial office space. The campus features impressive 23-foot ceilings, ideal for creative uses, and provides ample parking with 65 total spaces. Recent improvements cater to the needs of media and post-production companies. This low-rise campus offers a unique blend of functionality and prime location within Los Angeles County, making it an ideal investment for businesses seeking a prominent presence in the vibrant Hollywood Media District. The property's size and layout provide a unique opportunity for a single large tenant or multiple smaller tenants. Don't miss this chance to secure a highly desirable space in a sought-after location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $355,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.339
    Latitude
    34.0916
    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
    $231,210
    $13,346,736
    $4,658,405
    $18,005,141
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $240,000
      5,588 SF

      1006 Sycamore Ave

      MANUFACTURING (LIGHT) • 5,588 SF
      1006 Sycamore Ave, Los Angeles, CA 90038-2308
      View Details
    • Value Estimation
      $505,000
      18,886 SF

      1021 Lillian Way

      HEAVY MANUFACTURING • 18,886 SF
      1021 Lillian Way, Los Angeles, CA 90038-2709
      View Details
    • Value Estimation
      $195,000
      4,071 SF

      1149 Mccadden Pl

      MANUFACTURING (LIGHT) • 4,071 SF
      1149 Mccadden Pl, Los Angeles, CA 90038-1212
      View Details
    • Value Estimation
      $370,000
      10,900 SF

      936 Cahuenga Blvd

      MANUFACTURING (LIGHT) • 10,900 SF
      936 Cahuenga Blvd, Los Angeles, CA 90038-2615
      View Details
    • Value Estimation
      $265,000
      8,537 SF

      7017 Santa Monica Blvd

      MANUFACTURING (LIGHT) • 8,537 SF
      7017 Santa Monica Blvd, Los Angeles, CA 90038
      View Details
    • Value Estimation by Request
      8,600 SF

      1122 Seward St

      MANUFACTURING (LIGHT) • 8,600 SF
      1122 Seward St, Los Angeles, CA 90038
      View Details

    Similar Nearby for Sale

    • $6,600,000
      9,794 SF

      Hollywood Soundstage For Sale

      9,794 SF Hollywood soundstage with multiple rooms and amenities.
      800 Seward St, Los Angeles, CA 90038
      View Details
    • $5,950,000
      10,100 SF

      Hollywood Remodeled Flex/Creative Space

      Hollywood Remodeled Flex/Creative Space
      6235 Santa Monica Blvd, Los Angeles, CA 90038
      View Details
    • Contact for pricing
      17,640 SF

      Hollywood Media District Corner Property

      Rare opportunity in the heart of Hollywood's Media District.
      950 North Cahuenga Blvd, Los Angeles, CA 90038
      View Details
    • $11,900,000
      18,000 SF

      Two-Story Office Building For Sale

      Two-story office building available for purchase.
      933 N La Brea Ave, Los Angeles, CA 90038
      View Details
    • $1,799,000

      Opportunity Zone Development Potential

      7500 sq ft R4 lot in Opportunity Zone.
      5526 Lexington Ave, West Hollywood, CA 90038
      View Details
    • $850,000

      Top Floor Loft with Rooftop

      Loft-style unit with private rooftop deck and 360° views.
      803 Wilcox Ave, Los Angeles, CA 90038
      View Details

    Similar Nearby for Lease

    • $2 SF/Yr
      4,715 SF

      Industrial Space with Roll-Up Door

      4,715 SF industrial space featuring roll-up door and high ceilings.
      6600 Lexington Ave, Los Angeles, CA 90038
      View Details
    • $3 SF/Yr
      6,200 SF

      Creative Office or Retail Space

      Creative office or retail/flex space in central Hollywood location.
      1161 Vine St, Los Angeles, CA 90038
      View Details
    • Contact for pricing

      Industrial Property Fully Leased

      Industrial property in Los Angeles, currently 100% leased.
      6602-6610 Lexington Ave, Los Angeles, CA 90038
      View Details
    • $33 SF/Yr
      22,992 SF

      La Brea Ave Creative Office Spaces

      Prime Los Angeles Creative Office & Retail
      828 La Brea Ave, Los Angeles, CA 90038
      View Details
    • $34 SF/Yr
      4,340 SF

      Hollywood Studio Office Space

      Chic Creative Office, 4,340 sq ft, Hollywood
      6161 Santa Monica Blvd, Los Angeles, CA 90038
      View Details
    • $3 SF/Yr
      15,759 SF

      Creative Space in Hollywood

      World-famous design studio and architecture firm designed the facility.
      905 Lillian Way, Los Angeles, CA 90038
      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.
    1135 Highland Ave
    Los Angeles, CA 90038-1204
    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.