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

    1006 Echo Park Ave Los Angeles, CA 90026-4252

    • Apartment buildings
    • 8,813 SF
    • 0.17 lot acres
    OFF-MARKET
    Last Sale
    Dec 11, 2020
    $3,400,000
    Value Estimations
    $3,265,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-0484459
    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

    • Apartment buildings

    Property Details for 1006 Echo Park Ave

    Year built
    1912
    Construction
    WOOD
    Lot size
    0.17 lot acres
    Property size
    8,813 SF
    Zone code
    LARD2
    Property type
    Apartment buildings
    APN
    5404-019-014
    APU
    5404019014

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,100,000
      ML approach
      $3,075,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,343,000
      Market price range: $837k - $3.34M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $2,435,000
      Current use
      AUTO REPAIR, GARAGE
      $4,790,000
      Change: +97% Conversion: Difficult
      OFFICE BUILDING
      $4,425,000
      Change: +82% Conversion: Moderate
      MEDICAL BUILDING
      $4,015,000
      Change: +65% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $3,760,000
      Change: +54% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $3,730,000
      Change: +53% Conversion: Difficult
      RETAIL STORES
      $3,620,000
      Change: +49% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.259
    Latitude
    34.0741
    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
    $50,773
    $2,971,382
    $1,137,472
    $4,108,854
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      1665 Golden Gate Ave

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      33,191 SF

      1008 Rosemont Ave

      APARTMENT HOUSE (5+ UNITS) • 33,191 SF
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      $1,315,000
      30,042 SF

      2810 Reservoir St

      APARTMENT HOUSE (5+ UNITS) • 30,042 SF
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      5,084 SF

      238 Bonnie Brae St

      APARTMENT HOUSE (5+ UNITS) • 5,084 SF
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    Similar Nearby for Sale

    • $5,400,000
      6,809 SF

      Renovated Multifamily Assets in Echo Park

      Two renovated multifamily properties totaling 20 units in Echo Park.
      Everett St, Los Angeles, CA 90026
      View Details
    • $1,795,000
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      Los Angeles Multifamily Investment Opportunity

      Character-rich 10-unit multifamily property in the heart of Los Angeles.
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    • New
      $1,700,000
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      Echo Park Mixed-Use Investment

      Mixed-use property in walkable Echo Park location.
      1515 Echo Park Ave, Los Angeles, CA 90026
      View Details
    • $4,850,000
      10,814 SF

      New Construction Luxury Townhome Complex

      Six-unit luxury townhome complex in prime Silverlake/Virgil Village location.
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      Echo Park Multifamily Investment Opportunity

      Fully occupied five-unit apartment complex in prime Echo Park location.
      340 Firmin St, Los Angeles, CA 90026
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    • $1,995,000

      Westlake Multifamily Investment Opportunity

      Well-maintained 16-unit multifamily property in prime Westlake location.
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    Similar Nearby for Lease

    • $2,850 /Mo
      650 SF

      Angelino Heights Carriage House Retreat

      Charming one-bedroom carriage house in vibrant Echo Park/Silver Lake area.
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    • Contact for pricing
      4,027 SF

      Echo Park Retail Space For Lease

      Prime 4,027 SF Retail, 15 Parking Spaces
      1030 Alvarado St, Los Angeles, CA 90026
      View Details
    • $6,990 /Mo

      Los Angeles Specialty Property For Rent

      Specialty property available for rent in Los Angeles, CA.
      1403 Avon Park Ter, Los Angeles, CA 90026
      View Details
    • $3 SF/Yr
      1,175 SF

      Retail Space on Sunset Blvd

      Retail space available for rent on Sunset Blvd, Los Angeles.
      2101-2109 W Sunset Blvd, Los Angeles, CA 90026
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    • $4 SF/Yr
      1,539 SF

      Retail Shell Space Available

      End-cap retail shell space available for rent.
      2650 W Temple St, Los Angeles, CA 90026
      View Details
    • Contact for pricing

      Echo Park Retail Space Available

      Retail space at a busy Echo Park intersection for lease.
      Los Angeles, CA 90026
      View Details
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    1006 Echo Park Ave
    Los Angeles, CA 90026-4252
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    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
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