Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2222 Damon St Los Angeles, CA 90021

    • Life science properties
    • 5,670 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Liquor License.com / Legal Services
    • Cannabis Consulting Company & Brokerage / Corporate Office
    • ABC Escrow / Business Development Service / Escrow Service

    Property Details for 2222 Damon St

    Property size
    5,670 SF
    Property type
    Life science properties
    Property subtype
    Industrial properties

    Description

    This exceptional 5,670 square foot freestanding industrial/R&D building in Los Angeles' Arts District offers a turnkey solution for owner-users. The property boasts 22-foot clear heights, minimal columns, and 600 amps of power, making it ideal for a variety of uses. Grade-level loading ensures efficient operations, while a newly built-out reception area and permitter offices provide a professional and welcoming entrance. The building also includes a fenced and gated parking area with 12 spaces. A comprehensive new HVAC system ensures climate control throughout. Its prime location offers easy access to the area's amenities and benefits from being within walking distance of the vibrant Arts District. This property presents a unique opportunity to own a modern, well-equipped industrial space in a highly desirable and rapidly growing neighborhood. The asking price is $3,720,000. The property is located at 2222 Damon St, Los Angeles, CA 90021.

    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
    -118.233
    Latitude
    34.0285

    Comparable in this City

    • Value Estimation
      $6,900,000
      55,350 SF

      915 Mateo St

      INDUSTRIAL (GENERAL) • 55,350 SF
      915 Mateo St, Los Angeles, CA 90021-1784
      View Details
    • Value Estimation by Request
      448 SF

      2073 15th St

      INDUSTRIAL (GENERAL) • 448 SF
      2073 15th St, Los Angeles, CA 90021
      View Details
    • Value Estimation
      $5,560,000
      63,786 SF

      2101 7th St

      INDUSTRIAL (GENERAL) • 63,786 SF
      2101 7th St, Los Angeles, CA 90021
      View Details
    • Value Estimation by Request
      0.40 Acres

      Los Angeles, CA 90021

      INDUSTRIAL (GENERAL) • 0.40 Acres
      Los Angeles, CA 90021
      View Details
    • Value Estimation by Request
      455 SF

      2223 Enterprise St

      INDUSTRIAL (GENERAL) • 455 SF
      2223 Enterprise St, Los Angeles, CA 90021-2403
      View Details
    • Value Estimation
      $860,000
      9,530 SF

      713 Gladys Ave

      INDUSTRIAL (GENERAL) • 9,530 SF
      713 Gladys Ave, Los Angeles, CA 90021-1413
      View Details

    Similar Nearby for Sale

    • $3,990,000
      9,400 SF

      Pico Blvd Industrial Warehouse

      9,400 SF Warehouse/Manufacturing Space
      1153 Pico Blvd, Los Angeles, CA 90021
      View Details
    • $2,125,000
      10,610 SF

      DTLA Multi-Use Purchase Opportunity

      DTLA Multi-Use Purchase Opportunity
      1355 E Washington Blvd, Los Angeles, CA 90021
      View Details
    • Contact for pricing
      4,040 SF

      Industrial Building in Arts District

      Freestanding industrial building with fenced yard and easy freeway access.
      2347 E 8Th St, Los Angeles, CA 90021
      View Details
    • $8,299,000
      28,667 SF

      Downtown LA Industrial Property

      Prime location, manufacturing/warehouse.
      1705-1707 20Th St, Los Angeles, CA 90021
      View Details
    • Contact for pricing
      40,479 SF

      Los Angeles Industrial Warehouse

      40,479 SF Vacant Warehouse, Downtown LA
      1811 Sacramento St, Los Angeles, CA 90021
      View Details
    • $7,500,000
      18,000 SF

      Gladys Ave Warehouse - $7.5M

      Fashion District Warehouse, 18,000 SF
      718 Gladys Ave, Los Angeles, CA 90021
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Property Fully Leased

      Industrial property in Los Angeles, currently 100% leased.
      1548 S Central Ave, Los Angeles, CA 90021
      View Details
    • Contact for pricing

      Industrial Property Fully Leased

      Industrial property in Los Angeles, currently 100% leased.
      2501-2551 S Alameda St, Los Angeles, CA 90021
      View Details
    • $2 SF/Yr
      20,837 SF

      Freezer/Cooler Building in Seafood District

      Freezer/Cooler building with gated parking in the Seafood District.
      752 Stanford Ave, Los Angeles, CA 90021
      View Details
    • $1.56 SF/Yr
      9,600 SF

      DTLA “Like New” Industrial Facility

      DTLA “Like New” Industrial Facility
      738 E 18th St, Los Angeles, CA 90021
      View Details
    • $1.35 SF/Yr
      5,903 SF

      Clean Remodeled Industrial Facility

      Clean Remodeled Industrial Facility
      1388 Newton St, Los Angeles, CA 90021
      View Details
    • $1.25 SF/Yr
      6,850 SF

      DTLA Arts District Industrial Space

      Industrial space in the DTLA Arts District for lease.
      1126 S Santa Fe Ave, 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.
    2222 Damon 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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.