Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    4221 Huntington Dr Los Angeles, CA 90032

    • Land
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mother Jade Nursery / Plant Nursery

    Property Details for 4221 Huntington Dr

    Property type
    Land

    Description

    This exceptional 8,215 sq ft lot in Los Angeles, CA (APN 5209-032-029), is zoned C-2 and offers a fully entitled opportunity to develop a 22-unit apartment building. The project plans, already approved, encompass a substantial 16,215 sq ft, four-story structure featuring a mix of 14 one-bedroom units, 8 studio units, and 4 VLO units. A valuable bonus commercial space and a recreation room are also included in the design. Convenient on-grade parking is provided. This corner lot property presents a significant investment opportunity, reflecting a recent $400,000 price reduction, now offered at $825,000. The property's address is 4221 Huntington Dr N, Los Angeles, CA 90032. This is a rare chance to acquire a fully permitted project ready for immediate development in a desirable Los Angeles location.

    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
    -118.194
    Latitude
    34.0784

    Comparable in this City

    • Value Estimation by Request
      31.95 Acres

      2929 Amethyst St

      Land • 31.95 Acres
      2929 Amethyst St, Los Angeles, CA 90032
      View Details
    • Value Estimation by Request
      2.00 Acres

      4343 Stillwell Ave

      Land • 2.00 Acres
      4343 Stillwell Ave, Los Angeles, CA 90032
      View Details
    • Value Estimation by Request

      2012 Marianna Ave

      Farms
      2012 Marianna Ave, Los Angeles, CA 90032
      View Details
    • Value Estimation by Request

      Marianna Ave

      Farms
      0 Marianna Ave, Los Angeles, CA 90032
      View Details
    • Value Estimation
      $245,000
      6,105 SF

      4994 Novgorod St

      APARTMENT HOUSE (5+ UNITS) • 6,105 SF
      4994 Novgorod St, Los Angeles, CA 90032-1642
      View Details
    • Value Estimation
      $315,000
      5,500 SF

      4760 Edison St

      APARTMENT HOUSE (5+ UNITS) • 5,500 SF
      4760 Edison St, Los Angeles, CA 90032-1535
      View Details

    Similar Nearby for Sale

    • $49,000

      Land Ready for Development

      Land available in high-demand area, ready for new construction.
      N Marianna Ave, Los Angeles, CA 90032
      View Details
    • $80,000

      Land Available in Los Angeles

      Land for sale in Los Angeles, California.
      1946 Seigneur Ave, Los Angeles, CA 90032
      View Details
    • $80,000

      Land For Sale

      Land available for sale.
      1954 Seigneur Ave, Los Angeles, CA 90032
      View Details
    • $300,000

      Land for Sale

      Land available for sale.
      2600 Paradise Dr, Los Angeles, CA 90032
      View Details
    • $80,000

      Land Available in Los Angeles

      Land for sale in Los Angeles, California.
      1950 Seigneur Ave, Los Angeles, CA 90032
      View Details
    • $55,000

      Land with Downtown LA View

      Lot with views of Downtown Los Angeles.
      4123 Telluride St, Los Angeles, CA 90032
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      123,411 SF

      Downtown LA Industrial Spaces

      Versatile industrial space, 15 units available
      1919 Vineburn Ave, Los Angeles, CA 90032
      View Details
    • $1.28 SF/Yr
      5,200 SF

      Freestanding Industrial Building with Office

      Remodeled industrial building featuring office space and loading dock.
      5440 Alhambra Ave, Los Angeles, CA 90032
      View Details
    • Contact for pricing
      479,160 SF

      Secured Parking Lot Near Downtown

      Fenced and lighted parking lot near Downtown Los Angeles.
      4000 N Mission Rd, Los Angeles, CA 90032
      View Details
    • Contact for pricing
      1,352 SF

      El Sereno Commercial Corner Lot

      Established smog check business on a corner lot for lease.
      4780 S Huntington Dr S, Los Angeles, CA 90032
      View Details
    • $1,815 /Mo
      1,110 SF

      Retail Space in El Sereno

      Retail space for lease in Los Angeles's El Sereno neighborhood.
      3104 Eastern Ave, Los Angeles, CA 90032
      View Details
    • $2 SF/Yr
      2,157 SF

      Renovated Creative Office/Industrial Space

      Renovated creative space with high ceilings and secure parking.
      4610 Valley Blvd, Los Angeles, CA 90032
      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.
    4221 Huntington Dr
    Los Angeles, CA 90032
    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.