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    Property profile & analytics

    8218 3Rd St Los Angeles, CA 90048

    • Investment properties
    • 2,341 SF
    • 0.10 lot acres
    For Lease
    View listing
    Value Estimation
    $2,605,000
    Last Sale
    Feb 03, 2022
    $3,000,030
    Location Intelligence
    Property ID
    US09-7304772
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Hair Top By Iseman / Hair Salon
    • Earth Medical Clinic / Medical Clinic

    Property Details for 8218 3Rd St

    Year built
    1939
    Construction
    WOOD
    Lot size
    0.10 lot acres
    Property size
    2,341 SF
    Zone code
    LAC2
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    5511-030-023
    APU
    5511030023

    Description

    This exceptional 2,300-square-foot executive office space is situated on the vibrant West Third Street in West Hollywood, Los Angeles County, California (zip code 90048). Currently undergoing a complete renovation, this single-tenant property is ready for immediate occupancy. The space boasts abundant natural light, creating a bright and inviting atmosphere perfect for any business. Its prime location directly across from Toast ensures high foot traffic and excellent visibility, maximizing exposure for your brand. The property is classified as Retail, Office, and Restaurant, offering versatile usage options. Street parking is available for clients and employees. A key feature is the addition of a relaxing back patio, providing an outdoor area for employees or clients to enjoy. This fully renovated space presents a unique opportunity to establish a thriving business in a highly desirable West Hollywood location. The property is located at 8218 W Third Street. The total building square footage is 2,300 square feet, with all 2,300 square feet currently vacant.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,570,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,655,000
      6.5%
      $3,185,000
      7%
      $2,650,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,600,000
      Geo Method
      $2,705,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,070,000
      Retail
      $2,680,000
      Mixed-Use
      $3,120,000
      Hospitality
      $2,840,000
      Educational
      $3,055,000
      Residential Income
      $3,270,000
      Energy
      $2,660,000
      Income-Based Land
      $2,705,000
      Food Service
      $3,045,000

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.369
    Latitude
    34.0723
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $37,890
    $2,809,080
    $312,120
    $3,121,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      4,725 SF

      7952 3rd St

      STORE/OFFICE (MIXED USE) • 4,725 SF
      7952 3rd St, Los Angeles, CA 90048-4305
      View Details
    • Value Estimation by Request
      5,728 SF

      434 Robertson Blvd

      STORE/OFFICE (MIXED USE) • 5,728 SF
      434 Robertson Blvd, Los Angeles, CA 90048-3908
      View Details
    • Value Estimation by Request
      6,011 SF

      531 La Cienega Blvd

      STORE/OFFICE (MIXED USE) • 6,011 SF
      531 La Cienega Blvd, West Hollywood, CA 90048-2001
      View Details
    • Value Estimation by Request
      69,046 SF

      8487 3rd St

      STORE/OFFICE (MIXED USE) • 69,046 SF
      8487 3rd St, Los Angeles, CA 90048-4124
      View Details
    • Value Estimation by Request
      4,360 SF

      484 San Vicente Blvd

      STORE/OFFICE (MIXED USE) • 4,360 SF
      484 San Vicente Blvd, Los Angeles, CA 90048-4107
      View Details
    • Value Estimation
      $3,255,000
      11,222 SF

      101 Robertson Blvd

      STORE/OFFICE (MIXED USE) • 11,222 SF
      101 Robertson Blvd, Los Angeles, CA 90048-3101
      View Details

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    Los Angeles, CA 90048
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    Realmo Value Estimation

    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.

    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.

    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
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