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

    2826 E. 1st Street Los Angeles, CA

    • Commercial real estate
    • 9,793 SF
    • 0.34 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7750973
    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

    • Lolipop Records / Recording Studio

    Property Details for 2826 E. 1st Street

    Year built
    1910
    Construction
    TILT-UP CONCRETE
    Lot size
    0.34 lot acres
    Property size
    9,793 SF
    Zone code
    LAC2
    Property type
    Commercial real estate
    APN
    5180-014-003
    APU
    5180014003

    Description

    This exceptional Boyle Heights property, located at 2826 E. 1st Street, Los Angeles, CA 90033, offers a unique blend of commercial and residential space. The 9,775 square foot building sits on a 14,637 square foot lot and boasts a Class B rating. Completely renovated in 2021, the property features a ground floor with approximately 4,300 square feet of warehouse space, including cold and dry storage areas, four loading docks, and upgraded electrical to handle heavy amp usage. The space also includes two bathrooms, each with a shower. An adjacent single-story building adds another 2,975 square feet of office or storage space. Upstairs, a permitted 2,500 square foot live/work space includes six bedrooms/offices, two showers, two bathrooms, and a newly built kitchen. This level opens to a 1,200 square foot exterior deck. The entire property is Cat 6 wired, and features a new roof, HVAC system, and sprinkler system. Ten parking spaces are available. The property is zoned LAC2 and benefits from a secure location backing onto a public school, ensuring a safe and quiet environment. Upgrades include new sewer and plumbing, and hookups for up to two RVs. This versatile property is ideal for a variety of businesses seeking a combination of warehouse, office, and potential residential space in a desirable Los Angeles location. The property is vacant and ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $425,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.204
    Latitude
    34.0408
    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
    $30,451
    $1,523,846
    $887,381
    $2,411,227
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request

      2323 3Rd St

      Land
      2323 3Rd St, Los Angeles, CA 90033
      View Details
    • Value Estimation by Request
      1,619 SF

      1203 Cesar Chavez Ave

      Land • 1,619 SF
      1203 Cesar Chavez Ave, Los Angeles, CA 90033
      View Details
    • Value Estimation by Request
      0.17 Acres

      1517 Cesar E Chavez Ave

      VACANT COMMERCIAL LAND • 0.17 Acres
      1517 Cesar E Chavez Ave, Los Angeles, CA 90033-2302
      View Details
    • Value Estimation by Request
      0.12 Acres

      1017 Soto St

      VACANT COMMERCIAL LAND • 0.12 Acres
      1017 Soto St, Los Angeles, CA 90033-1330
      View Details
    • Value Estimation by Request
      0.04 Acres

      Los Angeles, CA 90033

      VACANT COMMERCIAL LAND • 0.04 Acres
      Los Angeles, CA 90033
      View Details
    • Value Estimation by Request
      0.09 Acres

      Los Angeles, CA 90033

      INDUSTRIAL - VACANT LAND • 0.09 Acres
      Los Angeles, CA 90033
      View Details

    Similar Nearby for Sale

    • $1,050,000
      2,234 SF

      Boyle Heights Development Land

      Prime Boyle Heights location, redevelopment potential.
      206 Soto St, Los Angeles, CA 90033
      View Details
    • Contact for pricing
      4,716 SF

      Downtown LA Creative Space

      4,716 SF Mixed-Use Building, Vacant
      1329 3Rd St, Los Angeles, CA 90033
      View Details
    • $609,000
      1,600 SF

      Los Angeles Duplex in Boyle Heights

      Charming duplex in historic Boyle Heights near DTLA.
      478 S Mott St, Los Angeles, CA 90033
      View Details
    • $1,089,000

      Boyle Heights Four-Unit Property

      Four well-maintained units in central location with development potential.
      127 N Savannah St, Los Angeles, CA 90033
      View Details
    • $660,300

      Boyle Heights Duplex Investment Opportunity

      Duplex in Boyle Heights with long-term tenants, investment potential.
      2966 E 2Nd St, Los Angeles, CA 90033
      View Details
    • $1,288,000

      Prime Multi-Unit Apartment Complex

      Six-unit apartment complex near USC Health Sciences Campus.
      2466 Lancaster Ave, Los Angeles, CA 90033
      View Details

    Similar Nearby for Lease

    • $0.69 SF/Yr
      25,252 SF

      East River Warehouse/Flex/Creative Space

      East River Warehouse/Flex/Creative Space
      1443 East 4th St, Los Angeles, CA 90033
      View Details
    • Contact for pricing

      Grocery Store Opportunity in Boyle Heights

      Rehabbed retail space suitable for grocery store in Boyle Heights.
      2432 E 1St St E, Los Angeles, CA 90033
      View Details
    • $21 SF/Yr
      7,593 SF

      Prime Retail Space, Los Angeles

      High-traffic location, two units available.
      2401 Cesar E Chavez Ave, Los Angeles, CA 90033
      View Details
    • $42 SF/Yr
      14,000 SF

      USC Hyatt House Retail Space

      Prime LA Retail/Restaurant Opportunity
      2200 Trojan Way, Los Angeles, CA 90033
      View Details
    • $0.35 SF/Yr
      38,495 SF

      Vacant Commercial Land

      Vacant Commercial Land
      2307 Charlotte St, Los Angeles, CA 90033
      View Details
    • Contact for pricing
      6,700 SF

      Office Space on Cesar Chavez

      Office space available in high-traffic Los Angeles location.
      2109 Cesar E Chavez Ave E Chavez, Los Angeles, CA 90033
      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.
    2826 E. 1st Street
    Los Angeles, CA
    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.