Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    346 Vermont Ave Los Angeles, CA 90004
    Back to Search
    Property profile & analytics

    346 Vermont Ave, Los Angeles, CA 90004

    View on Map
    • Specialty properties
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Figuronix Detailing / Car Wash
    • The V @ Beverly / Apartment Building
    • slayfits / Hair Salon

    Property Details for 346 Vermont Ave

    Property type
    Specialty properties
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional 1,750-square-foot commercial space, located at 346 N Vermont Ave, Los Angeles, CA 90004, offers a blend of retail and office functionality. Situated in the vibrant East Hollywood submarket, near Oakwood, this Class C property boasts a prime location with excellent street visibility. The multiple-tenancy building features four individual offices, ideal for various professional uses. Abundant natural light streams in through large windows, creating a welcoming atmosphere. Beyond the unit itself, tenants enjoy access to a rooftop seating area with stunning city views, a gym, and a welcoming lobby. The property is zoned LAC2 (APN 5501-001-015) and includes two parking spaces. This is an exceptional opportunity for businesses seeking a functional, bright, and easily accessible space in a thriving Los Angeles neighborhood. The property's versatility makes it suitable for a wide range of businesses. Don't miss this chance to secure your ideal workspace.

    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
    -118.292
    Latitude
    34.0776

    Comparable in this City

    • Value Estimation by Request
      13,616 SF

      671 Berendo St

      Office Spaces
      671 Berendo St, Los Angeles, CA 90004
      View Details
    • Value Estimation by Request
      14,356 SF

      3755 Beverly Blvd

      Medical Office Space
      3755 Beverly Blvd, Los Angeles, CA 90004
      View Details
    • Value Estimation by Request
      3,700 SF

      505 Larchmont Blvd

      Office Units
      505 Larchmont Blvd, Los Angeles, CA 90004
      View Details
    • Value Estimation by Request
      0.76 Acres

      225 Oxford Ave

      PROFESSIONAL CLUBS/ASSOCIATIONS
      225 Oxford Ave, Los Angeles, CA 90004-5104
      View Details
    • Value Estimation by Request
      6,051 SF

      148 Gramercy Pl

      PROFESSIONAL CLUBS/ASSOCIATIONS
      148 Gramercy Pl, Los Angeles, CA 90004-4958
      View Details
    • Value Estimation by Request
      3,880 SF

      3712 Beverly Blvd

      VETERINARY, ANIMAL HOSPITAL
      3712 Beverly Blvd, Los Angeles, CA 90004-3517
      View Details

    Similar Nearby for Sale

    • $1,150,000
      2,114 SF

      Los Angeles Multifamily Opportunity

      Multifamily property in prime location with development potential.
      4572 Rosewood Ave, Los Angeles, CA 90004
      View Details
    • Contact for pricing
      5,750 SF

      Renovated Commercial Kitchen For Sale

      Commercial kitchen at the junction of Koreatown, Echo Park, Hollywood.
      101 N Virgil Ave, Los Angeles, CA 90004
      View Details
    • Contact for pricing
      8,213 SF

      Rosewood Avenue Multifamily Investment Opportunity

      High-income multifamily property near Larchmont Village and Koreatown.
      4511 Rosewood Ave, Los Angeles, CA 90004
      View Details
    • Contact for pricing
      7,174 SF

      171 S Hoover St, Los Angeles, CA 90004

      Apartment buildings
      171 S Hoover St, Los Angeles, CA 90004
      View Details
    • New
      $1,750,000
      4,103 SF

      East Hollywood Multifamily Value-Add Opportunity

      Value-add multifamily investment in East Hollywood/Koreatown corridor.
      508 N Ardmore Ave, Los Angeles, CA 90004
      View Details
    • $3,100,000

      Koreatown Mixed-Use Investment Opportunity

      Mixed-use retail/office building on a signalized corner lot.
      4406-4414 S Western Ave, Los Angeles, CA 90004
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Retail/Office Space Available

      Retail/Office space for lease in Los Angeles.
      434 N Larchmont Blvd, Los Angeles, CA 90004
      View Details
    • Contact for pricing
      1,100 SF

      Larchmont Boulevard Office Space

      Office space with private offices, conference room, and parking.
      501-505 N Larchmont Blvd, Los Angeles, CA 90004
      View Details
    • Contact for pricing

      Flex/Industrial Building in Central Location

      Single tenant building suitable for flex, office, or industrial uses.
      3655 Beverly Blvd, Los Angeles, CA 90004
      View Details
    • Contact for pricing

      Prime Retail Space on Larchmont

      Flagship retail opportunity in Hancock Park's vibrant Larchmont Boulevard.
      107 North Larchmont Blvd, Los Angeles, CA 90004
      View Details
    • Contact for pricing
      2,600 SF

      Retail/Food Space on Beverly Blvd

      First floor retail or food use space available for rent.
      3977-3979 Beverly Blvd, Los Angeles, CA 90004
      View Details
    • Contact for pricing

      Liquor Store Location Opportunity

      Seeking locations with existing Type 21 CUB licenses.
      4003 Beverly Blvd, Los Angeles, CA 90004
      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.
    346 Vermont Ave
    Los Angeles, CA 90004
    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
    346 Vermont Ave, Los Angeles, CA, 90004
    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!