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
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1842 Washington Blvd Los Angeles, CA 90007

    • Retail properties
    • 1 SF
    For Lease
    View listing
    $233 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Sushi With Attitude / Restaurant
    • Sushi Snob / Restaurant
    • Never Caged / Restaurant
    • Vegan Sushi With Attitude / Restaurant
    • CloudKitchens / Business To Business Service

    Property Details for 1842 Washington Blvd

    Property size
    1 SF
    Property type
    Retail properties
    Property subtype
    Restaurants

    Description

    This 250-square-foot Class B commercial kitchen, located at 1842 W Washington Blvd in Los Angeles, CA 90007, is ideally situated in Koreatown, offering excellent access to downtown LA's high consumer demand. The facility benefits from proximity to major freeways, enabling quick and efficient food delivery. Designed as a single-tenant space, this ghost kitchen is perfect for businesses seeking to expand quickly and affordably. Its size is suitable for higher order volumes, and the on-site staff extends operating hours to accommodate late-night demand in the area. The kitchen is a turnkey solution, ideal for startups, personal chefs, caterers, food trucks, single-location operators, and expanding national chains. This location's high volume of events, sports games, and concerts further enhances its appeal, providing a strong foundation for increased profit margins. The property is a retail/restaurant space, specifically a kitchen, and offers a cost-effective way to enter the Los Angeles food market.

    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
    -118.299
    Latitude
    34.0397

    Comparable in this City

    • Value Estimation by Request
      1,095 SF

      3730 Figueroa St

      Restaurants • 1,095 SF
      3730 Figueroa St, Los Angeles, CA 90007
      View Details
    • Value Estimation
      $585,000
      2,181 SF

      3026 Figueroa St

      TAKE-OUT RESTAURANT • 2,181 SF
      3026 Figueroa St, Los Angeles, CA 90007-3711
      View Details
    • Value Estimation
      $680,000
      4,620 SF

      2432 Broadway

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 4,620 SF
      2432 Broadway, Los Angeles, CA 90007-2716
      View Details
    • Value Estimation by Request
      6,000 SF

      1209 Washington Blvd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 6,000 SF
      1209 Washington Blvd, Los Angeles, CA 90007-1328
      View Details
    • Value Estimation
      $835,000
      5,000 SF

      1517 Adams Blvd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 5,000 SF
      1517 Adams Blvd, Los Angeles, CA 90007-1509
      View Details
    • Value Estimation
      $3,115,000
      16,306 SF

      1901 Hoover St

      DEPARTMENT STORE • 16,306 SF
      1901 Hoover St, Los Angeles, CA 90007
      View Details

    Similar Nearby for Sale

    • $1,700,000
      3,749 SF

      Signalized Corner Commercial Property

      Signalized Corner Commercial Property
      1911 New England St, Los Angeles, CA 90007
      View Details
    • $4,950,000
      7,362 SF

      Prime LA Storefront Redevelopment

      Two-building retail opportunity near USC
      1459 Washington Blvd, Los Angeles, CA 90007
      View Details
    • $249,000

      Auto Body Shop For Sale

      Auto body, mechanic, and tire shop business for sale.
      1449 W Jefferson Blvd, Los Angeles, CA 90007
      View Details
    • Contact for pricing
      3,000 SF

      Downtown Flex Space Near USC

      3,000 SF flex space near USC and 110 Freeway.
      2807 S Olive St, Los Angeles, CA 90007
      View Details
    • Contact for pricing
      1,188 SF

      Mechanic Shop on High Traffic

      Mechanic shop with bay and equipment on high-traffic street.
      1424 W Jefferson Blvd, Los Angeles, CA 90007
      View Details
    • Contact for pricing
      9,275 SF

      Broadway Flex Space For Sale

      Flex space with development potential near USC and FIDM.
      2300 S Broadway, Los Angeles, CA 90007
      View Details

    Similar Nearby for Lease

    • $233 SF/Yr
      1 SF

      Koreatown Ghost Kitchen for Lease

      250 sq ft, High-Demand Location
      1842 Washington Blvd, Los Angeles, CA 90007
      View Details
    • Contact for pricing
      23,052 SF

      Prime Retail Space Near USC

      Los Angeles storefront, multiple suites available.
      325 Adams Blvd, Los Angeles, CA 90007
      View Details
    • Contact for pricing
      1,700 SF

      Remodeled Retail Space Available

      Open, remodeled retail space with bathroom for rent.
      2300-2306 S Union Ave, Los Angeles, CA 90007
      View Details
    • $2,500 /Mo
      1,150 SF

      Versatile Workspace on S Broadway

      1,150 sqft workspace suitable for various small businesses.
      Los Angeles, CA 90007
      View Details
    • Contact for pricing

      28,418 SF Retail Opportunity

      Retail space in historic Lincoln Heights neighborhood, Los Angeles.
      3016 Main St, Los Angeles, CA 90007
      View Details
    • $0.81 SF/Yr
      6,800 SF

      Industrial Facility Just East of USC

      Industrial Facility Just East of USC
      3720 S Grand Ave, Los Angeles, CA 90007
      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.
    1842 Washington Blvd
    Los Angeles, CA 90007
    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.