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    2000 Central Ave Los Angeles, CA 90011

    • Office Properties & Spaces
    • 3,600 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Superior Grocers / Grocery & Convenience Store / Food Market
    • Coinstar Kiosk | Bitcoin ATM / Atm / Currency Exchange Service
    • Ria Money Transfer - Superior Grocers / Bank / Credit Union
    • Twentyfirst Street Temple Church of God in Christ / Church
    • MoneyGram / Bank / Credit Union

    Property Details for 2000 Central Ave

    Property size
    3,600 SF
    Property type
    Office Properties & Spaces
    Property subtype
    Office space

    Description

    This exceptional Class A office property, located at 2000 S Central Ave in the South Los Angeles submarket (zip code 90011), offers a unique opportunity. The property consists of two buildings, each two stories high, totaling 3,600 square feet. Currently, 750 square feet of office space is immediately available for lease on the second floor. The building boasts a desirable 12-foot ceiling height, creating a spacious and versatile workspace. The property is zoned LAC2 and sits on a substantial 73,181 square foot lot. Ample parking is available with 30+ spaces provided for tenants and visitors. The property's versatile design caters to both traditional and creative office uses, making it an ideal location for a variety of businesses. This is a multi-tenant building, offering a vibrant and collaborative work environment. The property's location in the South Los Angeles submarket provides excellent access to major transportation routes and amenities. Don't miss this chance to secure prime office space in a thriving area of Los Angeles.

    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
    -118.252
    Latitude
    34.0224

    Comparable in this City

    • Value Estimation
      $2,320,000
      6,584 SF

      5603 Central Ave

      OFFICE BUILDING • 6,584 SF
      5603 Central Ave, Los Angeles, CA 90011-5967
      View Details
    • Value Estimation
      $3,155,000
      9,304 SF

      1028 Vernon Ave

      PROFESSIONAL BUILDING • 9,304 SF
      1028 Vernon Ave, Los Angeles, CA 90011-3717
      View Details
    • Value Estimation
      $6,505,000
      35,680 SF

      2101 Los Angeles St

      OFFICE BUILDING • 35,680 SF
      2101 Los Angeles St, Los Angeles, CA 90011-1034
      View Details
    • Value Estimation
      $605,000
      1,554 SF

      936 Slauson Ave

      OFFICE BUILDING • 1,554 SF
      936 Slauson Ave, Los Angeles, CA 90011-5240
      View Details
    • Value Estimation
      $1,120,000
      4,687 SF

      1109 Vernon Ave

      PROFESSIONAL BUILDING • 4,687 SF
      1109 Vernon Ave, Los Angeles, CA 90011-3718
      View Details
    • Value Estimation
      $690,000
      2,040 SF

      123 Vernon Ave

      OFFICE BUILDING • 2,040 SF
      123 Vernon Ave, Los Angeles, CA 90011-2903
      View Details

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    2000 Central Ave
    Los Angeles, CA 90011
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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
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