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

    7262 Waring Ave Los Angeles, CA 90046

    • Commercial real estate
    • 2,989 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7701245
    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

    • Commercial real estate

    Property Details for 7262 Waring Ave

    Year built
    1926
    Property size
    2,989 SF
    Property type
    Commercial real estate
    APN
    5525-012-001

    Description

    This exceptional multifamily investment opportunity presents a 2,989 square foot triplex situated on an 8,649 square foot lot in the highly desirable Los Angeles neighborhood of Los Angeles, CA 90046. The property, built in 1926, comprises three units: a detached 2-bedroom, 2-bathroom bungalow at 751 N. Alta Vista Blvd. with a washer/dryer, backyard, and side yard

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.3478216
    Latitude
    34.085157

    Comparable in this City

    • $2,200,000

      West Hollywood Multifamily Investment Opportunity

      Rare 8-unit property with upside in prime West Hollywood.
      1010 N Orange Grove Ave, West Hollywood, CA 90046
      View Details
    • $8,000,000
      0.15 Acres

      West Hollywood Condo Building

      Seven brand-new, vacant condo units in West Hollywood.
      1236 Fairfax Ave, Los Angeles, CA 90046
      View Details
    • $3,650,000
      6,089 SF

      Mid-Century Charm in Prime Location

      Mid-century 8-unit apartment near Sunset Strip with development potential.
      1477 Havenhurst Dr, Los Angeles, CA 90046
      View Details
    • $1,475,000
      2,104 SF

      West Hollywood 5-Unit Apartment Building

      Prime Location, Value-Add Opportunity
      7154 Lexington Ave, West Hollywood, CA 90046
      View Details
    • $1,435,000
      2,104 SF

      West Hollywood Multifamily Investment Opportunity

      Five-unit apartment building in prime West Hollywood location.
      Lexington Ave, West Hollywood, CA 90046
      View Details
    • $6,950,000
      16,780 SF

      West Hollywood 19-Unit Apartment Building

      Turnkey multifamily property in a desirable West Hollywood location.
      Norton Ave, West Hollywood, CA 90046
      View Details

    Similar Nearby for Sale

    • $2,200,000

      West Hollywood Multifamily Investment Opportunity

      Rare 8-unit property with upside in prime West Hollywood.
      1010 N Orange Grove Ave, West Hollywood, CA 90046
      View Details
    • $8,000,000
      0.15 Acres

      West Hollywood Condo Building

      Seven brand-new, vacant condo units in West Hollywood.
      1236 Fairfax Ave, Los Angeles, CA 90046
      View Details
    • $3,650,000
      6,089 SF

      Mid-Century Charm in Prime Location

      Mid-century 8-unit apartment near Sunset Strip with development potential.
      1477 Havenhurst Dr, Los Angeles, CA 90046
      View Details
    • $6,950,000
      16,780 SF

      West Hollywood 19-Unit Apartment Building

      Turnkey multifamily property in a desirable West Hollywood location.
      Norton Ave, West Hollywood, CA 90046
      View Details
    • $2,749,000

      West Hollywood Multifamily Investment Opportunity

      West Hollywood 10-unit apartment building with assumable financing.
      1046 N Ogden Dr, West Hollywood, CA 90046
      View Details
    • $2,995,000
      6,984 SF

      West Hollywood Multifamily Investment Opportunity

      Nine-unit apartment building in prime West Hollywood location.
      1035 N Sierra Bonita Ave, West Hollywood, CA 90046
      View Details

    Similar Nearby for Lease

    • $3,500 /Mo

      West Hollywood Home with Private Patio

      Charming 2-bedroom home near Sunset Strip and Melrose Avenue.
      1152 N Ogden Dr, West Hollywood, CA 90046
      View Details
    • $6,250 /Mo

      West Hollywood Modern Architectural Gem

      AIA Award-Winning building with indoor-outdoor flow and Hollywood Hills views.
      1011 N Orange Grove Ave, West Hollywood, CA 90046
      View Details
    • $29 SF/Yr
      5,400 SF

      Melrose Ave Retail Showroom Opportunity

      Prime Los Angeles Retail Space - 5,400 SF
      7519 Melrose Ave, Los Angeles, CA 90046
      View Details
    • $90 SF/Yr
      6,460 SF

      Skyview Sunset: Premier LA Retail Space

      Los Angeles retail/restaurant space, 5 suites available.
      7901 Sunset Blvd, Los Angeles, CA 90046
      View Details
    • Contact for pricing
      1,167 SF

      Retail Space Available For Rent

      Second floor retail space available in Los Angeles.
      1502-1506 N Gardner St, Los Angeles, CA 90046
      View Details
    • $3 SF/Yr
      1,611 SF

      Retail Space on Melrose Avenue

      Retail space available for rent on Melrose Avenue.
      7401-7407 Melrose Ave, Los Angeles, CA 90046
      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.
    7262 Waring Ave
    Los Angeles, CA 90046
    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.