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

    11708 Pico Blvd Los Angeles, CA 90064-1309

    • Manufacturing properties
    • 1,161 SF
    • 0.14 lot acres
    OFF-MARKET
    Value Estimations
    $245,000
    Show details
    Cap Rate Potential
    5.8%
    Manufacturing properties
    Location Intelligence
    Property ID
    US10-0263364
    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

    • Kraus Automotive Inc / Auto Repair Shop
    • xray-auto sales inc / Used Car Dealer

    Property Details for 11708 Pico Blvd

    Year built
    1947
    Lot size
    0.14 lot acres
    Property size
    1,161 SF
    Zone code
    LAC2
    Property type
    Manufacturing properties
    APN
    4260-030-018
    APU
    4260030018

    Description

    This exceptional commercial property presents a unique investment opportunity in the highly desirable West Los Angeles area. Located at the prime corner of West Pico Boulevard and South Barrington Avenue, this 2,086 square foot auto shop sits on an 8,580 square foot lot (APN: 4260-030-018

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $250,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $240,000
      6.5%
      $220,000
      7%
      $205,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.446
    Latitude
    34.0313
    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
    $8,422
    $631,864
    $28,389
    $660,253
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $330,000
      6,112 SF

      2233 Federal Ave

      MANUFACTURING (LIGHT) • 6,112 SF
      2233 Federal Ave, Los Angeles, CA 90064-1403
      View Details
    • Value Estimation by Request
      14,302 SF

      11511 10th Ave

      MANUFACTURING (LIGHT) • 14,302 SF
      11511 10th Ave, Los Angeles, CA 90064
      View Details
    • Value Estimation
      $260,000
      1,000 SF

      2236 Cotner Ave

      MANUFACTURING (LIGHT) • 1,000 SF
      2236 Cotner Ave, Los Angeles, CA 90064
      View Details
    • Value Estimation
      $255,000
      5,031 SF

      2210 Barry Ave

      MANUFACTURING (LIGHT) • 5,031 SF
      2210 Barry Ave, Los Angeles, CA 90064-1402
      View Details
    • Value Estimation
      $3,020,000
      6,020 SF

      2234 Barry Ave

      MANUFACTURING (LIGHT) • 6,020 SF
      2234 Barry Ave, Los Angeles, CA 90064-1435
      View Details
    • Value Estimation
      $355,000
      12,144 SF

      2311 Pontius Ave

      MANUFACTURING (LIGHT) • 12,144 SF
      2311 Pontius Ave, Los Angeles, CA 90064-1809
      View Details

    Similar Nearby for Sale

    • $5,499,999
      2,450 SF

      2,450 SF on 9,070 SF West Los Angeles Multi-Use Opportunity

      2,450 SF on 9,070 SF West Los Angeles Multi-Use Opportunity
      10344 W Olympic Blvd, Los Angeles, CA 90064
      View Details
    • $5,000,000
      4,002 SF

      Renovated Warehouse with Parking

      Recently renovated warehouse featuring high ceilings and parking.
      2216 S Barrington Ave, Los Angeles, CA 90064
      View Details
    • $10,500,000
      6,877 SF

      Flex Space Opportunity in Los Angeles

      Two-building flex space totaling 14,837 SF in Los Angeles.
      2222 S Barrington Ave, Los Angeles, CA 90064
      View Details
    • $3,375,000
      5,350 SF

      Office/Flex Building For Sale

      Office/flex building suitable for various commercial uses.
      2320 Cotner Ave, Los Angeles, CA 90064
      View Details
    • Contact for pricing
      660 SF

      Olympic Blvd Medical Office Building

      West LA medical building, high traffic area.
      11543-11545 Olympic Blvd, Los Angeles, CA 90064
      View Details
    • $3,350,000
      9,200 SF

      Mixed-Use Retail/Office Building Opportunity

      Mixed-use retail/office building for sale in Los Angeles.
      11714-11720 W Pico Blvd, Los Angeles, CA 90064
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Property Leased in Los Angeles

      Industrial property in Los Angeles, currently 100% leased.
      2221 Barry Ave, Los Angeles, CA 90064
      View Details
    • $9,935,000
      15,400 SF

      West LA Flex/Industrial Building

      Flex/light industrial/office building in central West LA.
      2311-2317 Pontius Ave, Los Angeles, CA 90064
      View Details
    • $2 SF/Yr
      2,500 SF

      Freestanding Warehouse Space Available

      Freestanding warehouse with one ground-level door and 200 Amps power.
      11531-11533 W Pico Blvd, Los Angeles, CA 90064
      View Details
    • $3 SF/Yr
      12,380 SF

      Pico Blvd Warehouse/Creative Space

      Warehouse/creative office/retail space with parking and loading.
      11161 W Pico Blvd, Los Angeles, CA 90064
      View Details
    • $1.95 SF/Yr
      148,389 SF

      Secure Lot with Ample Parking

      Gated parking with security, charging stations, and metro access.
      2440 S Sepulveda Blvd, Los Angeles, CA 90064
      View Details
    • $2 SF/Yr
      18,572 SF

      Los Angeles Flex/Office Space

      Flex/office space with excellent natural light and signage opportunities.
      2250 S Barrington Ave, Los Angeles, CA 90064
      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.
    11708 Pico Blvd
    Los Angeles, CA 90064-1309
    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.