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    The Largest CRE Database in the US with Over 1 Million Listings

    2713 Darwin Ave Los Angeles, CA 90031

    Sponsored
    For Sale
    $799,000

    Two-building retail center, multiple spaces available

    Property size:
    2,967 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    410
    Towne Square offers a fantastic opportunity for retail businesses seeking high-visibility locations. This Class B retail center, situated on heavily traveled FM 528 and conveniently located near Townes Rd, comprises two buildings totaling 2,615 square feet. Built in 2015 and renovated in 2022, the property boasts a modern aesthetic and excellent condition. The entire 2,615 square feet is currently vacant, offering flexibility for a single large tenant or multiple smaller occupants. Spaces are divisible to a minimum of 285 square feet, with a maximum contiguous space of 1,300 square feet. This presents a unique opportunity for businesses of various sizes to establish a presence in a thriving commercial area. The two-story buildings provide ample space for retail operations, with potential for office space within the larger units. The property's address is 3800 FM 528 RD E, and its APN is 1351990010001. This prime retail location offers high traffic counts and excellent visibility, making it an ideal investment for businesses seeking strong growth potential. The property's recent renovation ensures modern amenities and a well-maintained environment for tenants and customers alike. Don't miss this chance to secure your space in this desirable retail center.

    Property Features for 2713 Darwin Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    2,967 SF

    Building Details

    Year Built
    1913
    Units
    4

    We can help!

    Listing Contact
    Edan Shalom
    Edan Shalom

    Learn more

    Property Insight Report

    HighLights

    • $799,000 asking price for a four‑unit apartment building.
    • 2,967 square feet on a 7,407 square foot lot in Los Angeles, CA.
    • Four existing one‑bedroom units plus approved plans for three additional dwelling units (ADUs).
    • Projected 6.6% cap rate upon ADU completion, potential for over 8% cap rate with unit renovations.
    • Located in an Opportunity Zone.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

    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
    -118.213697
    Latitude
    34.067875

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    FAQs

    What type of property is this?
    Multifamily property - Two-building retail center, multiple spaces available
    Where is this multifamily property located?
    The property is located at 2713 Darwin Ave Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: $799,000 asking price for a four-unit apartment building.; 2,967 square feet on a 7,407 square foot lot in Los Angeles, CA.; Four existing one-bedroom units plus approved plans for three additional dwelling units (ADUs).
    Request Owner's contact information
    2713 Darwin Ave Los Angeles, CA 90031
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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
    2713 Darwin Ave Los Angeles, CA 90031
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    We can help!
    Listing Contact
    Edan Shalom
    Edan Shalom
    Real Estate License ID: CA BR02033047
    Learn more
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