Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    7319 Varna Ave Los Angeles, CA 91605
    Back to Search
    Property profile & analytics

    7319 Varna Ave, Los Angeles, CA 91605

    View on Map
    • Warehouses
    • 21,611 SF
    • 0.34 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 7319 Varna Ave

    Year built
    1949
    Lot size
    0.34 lot acres
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This single-tenant industrial property, located at 7319-7325 Varna Ave, Los Angeles, CA 91605, offers 21,611 square feet of space on a 0.34-acre lot (15,002 sq ft). The building, constructed in 1949, is a one-story Class C structure with an 18-foot ceiling height and features approximately 4,000 square feet of office and showroom space, 4,000 square feet of covered shop space, and an additional 2,000 square feet of covered space previously housing a large CNC machine. The property includes two dock-high doors, one drive-in door, and 5+ parking spaces. Power is supplied by a 2-panel, 200-amp system each. The property boasts 100 feet of frontage on Varna Avenue, with convenient access via Sherman Way. Zoned LAM2, this versatile space is ideal for manufacturing, auto repair, or other industrial uses. The large open yard and previously used equipment (potentially available) add significant value. APN: 2328-026-004 and 2328-026-003. Los Angeles County location.

    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
    -118.425
    Latitude
    34.2036

    Comparable in this City

    • Value Estimation by Request
      7,500 SF

      13156 Saticoy St

      Life science properties
      13156 Saticoy St, Los Angeles, CA 91605
      View Details
    • Value Estimation by Request
      7,270 SF

      11477-11483 Vanowen St

      Distribution properties
      11477-11483 Vanowen St, Los Angeles, CA 91605
      View Details
    • Value Estimation by Request
      14,006 SF

      8115 Lankershim Blvd

      Distribution properties
      8115 Lankershim Blvd, Los Angeles, CA 91605
      View Details
    • Value Estimation by Request
      9,206 SF

      13228 Sherman Way

      Office Units
      13228 Sherman Way, Los Angeles, CA 91605
      View Details
    • Value Estimation by Request
      36,407 SF

      10717 Vanowen St

      Distribution properties
      10717 Vanowen St, Los Angeles, CA 91605
      View Details
    • Value Estimation by Request
      6,700 SF

      6934-B Tujunga Ave

      Distribution properties
      6934-B Tujunga Ave, Los Angeles, CA 91605
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      25,053 SF

      Renovated Manufacturing/Distribution Building For Sale

      Recently renovated manufacturing/distribution building with heavy power and new upgrades.
      13340 Raymer St, North Hollywood, CA 91605
      View Details
    • $7,950,000

      North Hollywood Commercial Building For Sale

      21,784 SF industrial/commercial building on a 18,883 SF lot.
      13311 Sherman Way, North Hollywood, CA 91605
      View Details
    • Contact for pricing
      21,784 SF

      North Hollywood Commercial Building For Sale

      21,784 SF industrial/commercial building on a 18,883 SF lot.
      13311 Sherman Way, North Hollywood, CA 91605
      View Details
    • Contact for pricing
      7,270 SF

      Industrial Property with Retail Potential

      Industrial property in North Hollywood with major street frontage.
      11477-11483 Vanowen St, North Hollywood, CA 91605
      View Details
    • $5,700,000
      24,614 SF

      27-Unit Multifamily Property in North Hollywood

      27 units in North Hollywood with significant development potential.
      13061 Vanowen St, North Hollywood, CA 91605
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      35,530 SF

      Warehouse/Distribution Facility For Rent

      Warehouse/Distribution facility with access to (170) Freeway.
      12234-12236 Sherman Way, North Hollywood, CA 91605
      View Details
    • Contact for pricing
      106,750 SF

      Industrial Space Near Burbank Airport

      106,750 SF industrial space near Burbank Airport.
      6950 Tujunga Ave, North Hollywood, CA 91605
      View Details
    • Contact for pricing
      20,609 SF

      Secured Industrial Space Near Studios

      Professionally managed industrial space with easy freeway and studio access.
      11166 Gault St, North Hollywood, CA 91605
      View Details
    • Contact for pricing

      North Hollywood Freestanding Warehouse Building

      Freestanding building with fenced yard and multiple grade doors.
      13329 Sherman Way, North Hollywood, CA 91605
      View Details
    • Contact for pricing
      38,250 SF

      Distribution Building with Cold Storage

      38,250 SF distribution building featuring cold storage component.
      7005 Tujunga Ave, North Hollywood, CA 91605
      View Details
    • $1.71 SF/Yr
      26,840 SF

      Manufacturing/Distribution Warehouse Near Airport

      Manufacturing/distribution warehouse with main street frontage, near Hollywood/Burbank Airport.
      10703 Vanowen St, North Hollywood, CA 91605
      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.
    7319 Varna Ave
    Los Angeles, CA 91605
    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

    Thank You for Inquiry
    7319 Varna Ave, Los Angeles, CA, 91605
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!