Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    697 Gaffey St Los Angeles, CA 90731
    Property profile & analytics

    697 Gaffey St, Los Angeles, CA 90731

    View on Map
    • Retail properties & Spaces
    • 4,242 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 697 Gaffey St

    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    This exceptional retail property, located at 697 S. Gaffey Street in Los Angeles, California, presents a unique opportunity for businesses seeking a prominent location in Los Angeles County. The property boasts a total of 4,242 square feet of retail space, currently entirely vacant and available for lease. The space is configured as a single, large suite, offering maximum flexibility for a variety of retail concepts. While the entire 4,242 square feet is available, a contiguous space of 2,860 square feet can be leased separately, providing options for businesses of different sizes. The property's address is 697 S. Gaffey St, Los Angeles, CA 90731, situated within the vibrant Los Angeles market. This location offers excellent visibility and accessibility, making it an ideal choice for businesses looking to establish a strong presence in a high-traffic area. The property is classified as retail space within a multi-tenant building, although currently only one suite is available. This presents a chance to secure a significant footprint in a desirable location. The property's zip code is 90731. Serious inquiries are encouraged to explore this exceptional retail opportunity.

    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
    33.7381

    Comparable in this City

    • Value Estimation by Request
      9,400 SF

      1221 Pacific Ave

      Individual retail properties
      1221 Pacific Ave, Los Angeles, CA 90731
      View Details
    • Value Estimation by Request
      7,950 SF

      1209 Pacific Ave

      Individual retail properties
      1209 Pacific Ave, Los Angeles, CA 90731
      View Details
    • Value Estimation by Request
      7,950 SF

      1209 Pacific Ave

      Individual retail properties
      1209 Pacific Ave, Los Angeles, CA 90731
      View Details
    • Value Estimation
      $810,000
      3,380 SF

      San Pedro, CA 90731

      RETAIL STORES (PERSONAL SERVICES)
      San Pedro, CA 90731
      View Details
    • Value Estimation
      $2,160,000
      9,495 SF

      1330 Pacific Ave

      RETAIL STORES (PERSONAL SERVICES)
      1330 Pacific Ave, San Pedro, CA 90731-4199
      View Details
    • Value Estimation
      $1,845,000
      8,000 SF

      639 Channel St

      RETAIL STORES (PERSONAL SERVICES)
      639 Channel St, San Pedro, CA 90731-1435
      View Details

    Similar Nearby for Sale

    • $3,000,000

      Retail Property in San Pedro

      Retail property for sale in San Pedro, California.
      San, San Pedro, CA 90731
      View Details
    • $850,000

      Retail Suites in Downtown Hub

      Retail suites with frontage in a redeveloping downtown area.
      377 W 6Th St, San Pedro, CA 90731
      View Details
    • Contact for pricing
      6,000 SF

      San Pedro Retail Opportunity

      6,000 SF retail building on a 9,003 SF lot.
      1141 S Pacific Ave, Los Angeles, CA 90731
      View Details
    • $950,000

      Corner Lot Commercial Building

      Freestanding building on corner lot suitable for office or retail.
      800 W 9Th St, San Pedro, CA 90731
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,440 SF

      Retail Space Available For Rent

      Retail space available in San Pedro, CA.
      1851 N Gaffey St, San Pedro, CA 90731
      View Details
    • $2,500 /Mo

      Updated Commercial Space in San Pedro

      Updated commercial space with high visibility and easy freeway access.
      245 N Gaffey St, San Pedro, CA 90731
      View Details
    • $30 SF/Yr
      2,160 SF

      Prime LA Office Space Available

      2,160 sq ft, High Traffic Location
      312 Gaffey St, Los Angeles, CA 90731
      View Details
    • $2.00 SF/Yr
      2,258,000 SF

      San Pedro Retail Space Available

      Retail property in San Pedro, CA, offering 2258000 square feet.
      800-810 S Gaffey St, San Pedro, CA 90731
      View Details
    • Contact for pricing

      Historic San Pedro Retail Space

      Vintage retail space in San Pedro's Historic Waterfront Arts District.
      403 W 6Th St, Los Angeles, CA 90731
      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.
    697 Gaffey St
    Los Angeles, CA 90731
    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
    697 Gaffey St, Los Angeles, CA, 90731
    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!