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

    3249 Casitas Ave Los Angeles, CA 90039

    • Office Properties & Spaces
    • 12,792 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • studio arugula / Art Studio
    • Popularium / Media Company
    • Design Room / Website Designer
    • Kneeland Co. Mercado / Furniture Store / Clothing Store

    Property Details for 3249 Casitas Ave

    Property size
    12,792 SF
    Property type
    Office Properties & Spaces
    Property subtype
    Coworking space

    Description

    This exceptional creative office building, located in the thriving Atwater Village submarket, offers a unique opportunity for businesses seeking inspiring workspaces. The property encompasses a total of 12,792 square feet, currently featuring 6,265 square feet of readily available space. The building's design caters perfectly to the needs of creative professionals, fostering collaboration and innovation. Multiple tenancy options are available, with individual suites ranging from 165 to 595 square feet, providing flexibility for businesses of various sizes. This allows for a diverse tenant mix, creating a dynamic and energetic atmosphere. The building's prime location within Atwater Village's creative hub ensures easy access to a wealth of amenities, including restaurants, shops, and cultural attractions. The available space presents a fantastic chance to establish a presence in a sought-after neighborhood known for its artistic community and vibrant atmosphere. Whether you're a small startup seeking a collaborative coworking environment or an established company looking for a stylish and functional office space, this property offers an unparalleled opportunity to thrive in a dynamic and inspiring setting. The building's modern design and flexible layout provide the perfect canvas for your business to flourish. Don't miss this chance to secure your ideal workspace in the heart of Atwater Village. Contact us today to schedule a viewing and explore the possibilities.

    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
    34.116

    Comparable in this City

    • Value Estimation by Request
      21,898 SF

      3229 Casitas Ave

      Office space • 21,898 SF
      3229 Casitas Ave, Los Angeles, CA 90039
      View Details
    • Value Estimation
      $1,830,000
      2,074 SF

      2930 Gilroy St

      OFFICE (GENERAL) • 2,074 SF
      2930 Gilroy St, Los Angeles, CA 90039-2818
      View Details
    • Value Estimation
      $470,000
      1,868 SF

      2812 Avenel St

      OFFICE BUILDING • 1,868 SF
      2812 Avenel St, Los Angeles, CA 90039-2047
      View Details
    • Value Estimation
      $505,000
      1,933 SF

      2933 Rowena Ave

      OFFICE BUILDING • 1,933 SF
      2933 Rowena Ave, Los Angeles, CA 90039-2003
      View Details
    • Value Estimation
      $420,000
      2,139 SF

      2901 Rowena Ave

      OFFICE BUILDING • 2,139 SF
      2901 Rowena Ave, Los Angeles, CA 90039-2003
      View Details
    • Value Estimation
      $390,000
      7,275 SF

      2894 Rowena Ave

      OFFICE BUILDING • 7,275 SF
      2894 Rowena Ave, Los Angeles, CA 90039-2074
      View Details

    Similar Nearby for Sale

    • $1,695,000
      3,269 SF

      Eclectic Triplex in Desirable Neighborhood

      Spanish Moorish triplex in Atwater Village, Los Angeles.
      3188 Atwater Ave, Los Angeles, CA 90039
      View Details
    • $899,000
      0.17 Acres

      Silver Lake Development Opportunity

      Vacant lot in prime Silver Lake location.
      2250 Fargo St, Los Angeles, CA 90039
      View Details
    • $1,100,000
      1,440 SF

      Los Angeles Triplex with Upgrades

      Well-maintained triplex in high-demand Los Angeles rental area.
      2850 Marsh 2850, Los Angeles, CA 90039
      View Details
    • $340,000
      0.09 Acres

      Silver Lake Land with Views

      4,000 sq ft lot in desirable Silver Lake.
      2380 Loma Vista Pl, Los Angeles, CA 90039
      View Details
    • $999,000

      Los Angeles Specialty Property For Sale

      Specialty property available for purchase in Los Angeles, CA.
      3722 Dover St, Los Angeles, CA 90039
      View Details
    • $1,499,000
      1,113 SF

      Elysian Heights Triplex Investment Opportunity

      Upgraded Echo Park triplex with income potential and long-term appreciation.
      2142 Baxter St, Los Angeles, CA 90039
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,417 SF

      Creative Office Space Available

      Second-floor creative office suite with private entrance and bathroom.
      3222 Glendale Blvd, Los Angeles, CA 90039
      View Details
    • Contact for pricing
      9,132 SF

      Retail and Office Space Available

      Retail and office spaces in vibrant Atwater Village.
      3250 Glendale Blvd, Los Angeles, CA 90039
      View Details
    • $3 SF/Yr
      37,901 SF

      New Office Building with Patios

      Newly constructed office building with natural light and private patios.
      3333 Casitas Ave North Campus, Los Angeles, CA 90039
      View Details
    • $2.00 SF/Yr
      2,895 SF

      Industrial Unit with Cyclorama Wall

      Lease available for industrial unit featuring cyclorama wall.
      4530-4536 Cutter St, Los Angeles, CA 90039
      View Details
    • Contact for pricing
      9,000 SF

      Sunset Blvd Retail Spaces

      Prime Silver Lake Retail, Two Units Available
      2511-2513 Sunset Blvd, Los Angeles, CA 90039
      View Details
    • Contact for pricing
      8,670 SF

      Two-Story Retail Building with Parking

      Two-story retail building with alley access and gated parking.
      2466 Fletcher Dr, Los Angeles, CA 90039
      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.
    3249 Casitas Ave
    Los Angeles, CA 90039
    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.