Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    659 Flower St Los Angeles, CA 90021

    • Retail properties & Spaces
    • 1,400 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 659 Flower St

    Property size
    1,400 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional 1,400 square foot retail space is located at 659 Flower Street in Los Angeles, California, within Los Angeles County (zip code 90021). The property is a single-tenant building offering high visibility due to its corner location. The building benefits from a high-traffic area with easy access to public transportation via a nearby Metro sub-station. Its strategic location places it within close proximity to a variety of amenities, including other retail establishments, Whole Foods Market, and office buildings, creating a built-in customer base. The property's prominent corner location ensures excellent visibility for potential businesses, attracting customers on foot, by car, and from nearby offices. The significant signage opportunities further enhance the property's marketing potential. This is a rare opportunity to secure a highly desirable retail space in a thriving downtown Los Angeles location. The entire 1,400 square feet is currently vacant and ready for immediate occupancy. This property presents a unique chance to establish a successful business in a high-demand area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.197
    Latitude
    33.9678

    Comparable in this City

    • Value Estimation
      $550,000
      4,428 SF

      719 9th St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 4,428 SF
      719 9th St, Los Angeles, CA 90021-1816
      View Details
    • Value Estimation
      $755,000
      5,350 SF

      737 Washington Blvd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 5,350 SF
      737 Washington Blvd, Los Angeles, CA 90021-3016
      View Details
    • Value Estimation
      $1,470,000
      1,959 SF

      1551 Washington Blvd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1,959 SF
      1551 Washington Blvd, Los Angeles, CA 90021-3131
      View Details
    • Value Estimation
      $2,790,000
      35,777 SF

      1705 Hooper Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 35,777 SF
      1705 Hooper Ave, Los Angeles, CA 90021-3111
      View Details
    • Value Estimation by Request
      8,030 SF

      1711 Griffith Ave

      NURSERY, GREENHOUSE, FLORIST • 8,030 SF
      1711 Griffith Ave, Los Angeles, CA 90021-3302
      View Details
    • Value Estimation by Request
      3,528 SF

      1358 15th St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 3,528 SF
      1358 15th St, Los Angeles, CA 90021-2702
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      134,148 SF

      Retail and Office Space Available

      134,148 SqFt retail and office space for sale.
      800 E 12Th St, Los Angeles, CA 90021
      View Details
    • Contact for pricing
      4,184 SF

      Virtual Kitchen Center For Rent

      Fully built-out virtual kitchen center with 11 individual kitchens.
      1100 E 14Th Pl, Los Angeles, CA 90021
      View Details
    • $2,750,000
      23,874 SF

      Compton Commercial Investment Opportunity

      Three adjoining parcels totaling 50,710 sq. ft. for sale.
      134 S Alameda St, Compton, CA 90021
      View Details
    • Contact for pricing
      1,830 SF

      Showroom and Office Space Available

      1,830 SF showroom and office space for rent.
      747 E 10Th St, Los Angeles, CA 90021
      View Details
    • Contact for pricing
      4,960 SF

      Showroom/Flex Space For Sale

      Showroom/flex space with excellent transit score in Los Angeles.
      757 E Pico Blvd, Los Angeles, CA 90021
      View Details
    • Contact for pricing
      1,760 SF

      Fashion District Retail Showroom

      High-end showroom in revitalized fashion district with mezzanine.
      747 E 10Th St, Los Angeles, CA 90021
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,400 SF

      Second Generation Cafe with Patio

      Cafe space with private patio available for rent.
      2000-2008 E 7Th St, Los Angeles, CA 90021
      View Details
    • Contact for pricing
      1,904 SF

      Fully Leased Retail Property

      Retail property in Los Angeles, currently 100% leased.
      600 W 7Th St, Los Angeles, CA 90021
      View Details
    • Contact for pricing
      4,097 SF

      Second Floor Bar with Mezzanine

      Bar for rent featuring a 1,376 SF mezzanine.
      3505-3513 W 6Th St, Los Angeles, CA 90021
      View Details
    • $1.50 SF/Yr
      9,800 SF

      9,800 SF DTLA Arts District Multi-Use Sublease

      9,800 SF DTLA Arts District Multi-Use Sublease
      725 Mateo St, Los Angeles, CA 90021
      View Details
    • Contact for pricing
      7,400 SF

      Restaurant/Bar Building Available

      Restaurant/bar building available for rent in Los Angeles.
      2001 E 7Th St, Los Angeles, CA 90021
      View Details
    • Contact for pricing

      Fashion District Commercial Building

      Well-maintained 3-story commercial building in the Fashion District.
      754 E Pico Blvd, Los Angeles, CA 90021
      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.
    659 Flower St
    Los Angeles, CA 90021
    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.
    Sign Up Successful!
    You now have access to more from Realmo!