Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Los Angeles, CA 90046
    Back to Search
    Property profile & analytics

    Los Angeles, CA 90046

    View on Map
    • Office properties & Spaces
    • 8,268 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office properties & Spaces

    Property Details

    Year built
    1927
    Property size
    8,268 SF
    Property type
    Office properties & Spaces

    Description

    This stunning 8,268 square foot executive office building, a registered historic landmark reminiscent of a classic Italian villa, offers four available suites ranging from 1,500 to 5,477 square feet. Originally built in 1927 and reconfigured in 1984, the property boasts upgraded building systems including individual air conditioning in each suite, modern communications and electrical services, and sophisticated security with computer-coded entry. Common areas feature extensive Italian marble, while private offices showcase high ceilings, coved uplighting, and many include parquet hardwood floors, cast stone fireplaces, and French doors opening onto private wrought iron balconies. Many offices offer breathtaking views of the Los Angeles Basin. A 24,000 square foot parking structure, built in 1984, is conveniently located at the rear of the building with direct access to office floors

    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
    -118.364
    Latitude
    34.1147

    Comparable in this City

    • Value Estimation by Request
      2,907 SF

      739-741 Fairfax Ave

      Individual retail properties • 2,907 SF
      739-741 Fairfax Ave, Los Angeles, CA 90046
      View Details
    • Value Estimation by Request
      7,239 SF

      723-725 Fairfax Ave

      Office properties & Spaces • 7,239 SF
      723-725 Fairfax Ave, Los Angeles, CA 90046
      View Details
    • Value Estimation by Request

      8266 Melrose Ave

      Office Units
      8266 Melrose Ave, Los Angeles, CA 90046
      View Details
    • Value Estimation by Request
      6,808 SF

      7912-7918 Melrose Ave

      Neighborhood centers • 6,808 SF
      7912-7918 Melrose Ave, Los Angeles, CA 90046
      View Details
    • Value Estimation by Request
      2,907 SF

      739-741 Fairfax Ave

      Medical Office Space • 2,907 SF
      739-741 Fairfax Ave, Los Angeles, CA 90046
      View Details
    • Value Estimation
      $815,000
      2,156 SF

      8091 Selma Ave

      OFFICE BUILDING • 2,156 SF
      8091 Selma Ave, Los Angeles, CA 90046-2571
      View Details

    Similar Nearby for Sale

    • $6,900,000

      West Hollywood Retail/Office Opportunity

      Retail and office space available on Santa Monica Boulevard.
      7906 Santa Monica Blvd, West Hollywood, CA 90046
      View Details
    • $2,100,000
      2,832 SF

      Free-Standing Fairfax Office Building

      Two-story, 2,832 SF office building in the Fairfax neighborhood.
      Gardner St, Los Angeles, CA 90046
      View Details
    • $3,100,000

      Fairfax Avenue Commercial Condo

      Ground-floor commercial condo in iconic Cherokee Studios Lofts.
      751 N Fairfax Ave, Los Angeles, CA 90046
      View Details
    • $3,100,000

      Los Angeles Office Space Available

      Office property for sale in Los Angeles, CA.
      751 N Fairfax Ave, Los Angeles, CA 90046
      View Details
    • $6,900,000

      West Hollywood Retail/Office Opportunity

      Retail and office space available on Santa Monica Boulevard.
      7906 Santa Monica Blvd, West Hollywood, CA 90046
      View Details
    • $3,250,000
      7,316 SF

      Melrose Avenue Retail/Office Opportunity

      Prime location with immediate cash flow and value-add potential.
      7661 Melrose Ave, Los Angeles, CA 90046
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Space for Lease

      Office space available for lease in Los Angeles, CA.
      8271 Melrose Ave, Los Angeles, CA 90046
      View Details
    • Contact for pricing

      Melrose Avenue Retail/Office Space

      Office suite in a vibrant retail and office building.
      7912-7918 Melrose Ave, Los Angeles, CA 90046
      View Details
    • Contact for pricing

      Melrose Avenue Office Space Available

      Office unit on Melrose Avenue with natural light.
      7615 Melrose Ave, Los Angeles, CA 90046
      View Details
    • Contact for pricing
      1,800 SF

      Retail, Showroom, or Office Space

      Versatile 1,800 SF space suitable for retail, showroom, or office.
      7107 De Longpre Ave, Los Angeles, CA 90046
      View Details
    • $3 SF/Yr
      16,031 SF

      Iconic Sunset Strip Theater Space

      Iconic building with state-of-the-art film and video projection theaters.
      7920 Sunset Blvd, Los Angeles, CA 90046
      View Details
    • $6,000 /Mo

      Melrose Avenue Two-Story Retail Space

      Bright, versatile two-story storefront on iconic Melrose Avenue.
      7552 Melrose Ave, Los Angeles, CA 90046
      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.
    Los Angeles, CA 90046
    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
    Los Angeles, CA, 90046
    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!