Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    1021 Lillian Way Los Angeles, CA 90038-2709
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1021 Lillian Way Los Angeles, CA 90038-2709

    View on Map
    • Manufacturing properties
    • 18,886 SF
    • 0.45 lot acres
    Off-Market
    Property ID
    US09-7684130
    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.
    Value Estimations
    $3,335,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hollywood Air Conditioning Repair Service / Hardware & Home Improvement / HVAC Service
    • Buster Keaton Studios / Tour Operator

    Property Details for 1021 Lillian Way

    Year built
    1967
    Construction
    TILT-UP CONCRETE
    Lot size
    0.45 lot acres
    Property size
    18,886 SF
    Zone code
    LAMR1
    Property type
    Manufacturing properties
    APN
    5533-016-008
    APU
    5533016008

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,910,000
      6.5%
      $3,610,000
      7%
      $3,350,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.328
    Latitude
    34.0896
    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
    $38,400
    $1,366,639
    $1,313,418
    $2,680,057
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,785,000
      21,691 SF

      6201 Santa Monica Blvd

      MANUFACTURING (LIGHT) • 21,691 SF
      6201 Santa Monica Blvd, Los Angeles, CA 90038-1703
      View Details
    • Value Estimation
      $910,000
      8,250 SF

      1032 Highland Ave

      MANUFACTURING (LIGHT) • 8,250 SF
      1032 Highland Ave, Los Angeles, CA 90038-2407
      View Details
    • Value Estimation
      $4,090,000
      48,207 SF

      1135 Highland Ave

      MANUFACTURING (LIGHT) • 48,207 SF
      1135 Highland Ave, Los Angeles, CA 90038-1204
      View Details
    • Value Estimation
      $34,075,000
      60,264 SF

      947 Orange Dr

      HEAVY MANUFACTURING • 60,264 SF
      947 Orange Dr, Los Angeles, CA 90038
      View Details
    • Value Estimation
      $1,320,000
      12,337 SF

      1025 Mccadden Pl

      HEAVY MANUFACTURING • 12,337 SF
      1025 Mccadden Pl, Los Angeles, CA 90038-2410
      View Details
    • Value Estimation
      $2,240,000
      12,642 SF

      1046 Orange Dr

      MANUFACTURING (LIGHT) • 12,642 SF
      1046 Orange Dr, Los Angeles, CA 90038-2318
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      20,000 SF

      Industrial Property Fully Leased

      Industrial property in Los Angeles, currently 100% leased.
      6602-6610 Lexington Ave, Los Angeles, CA 90038
      View Details
    • Contact for pricing
      17,640 SF

      Hollywood Media District Corner Property

      Rare opportunity in the heart of Hollywood's Media District.
      950 North Cahuenga Blvd, Los Angeles, CA 90038
      View Details
    • $5,950,000
      10,100 SF

      Hollywood Remodeled Flex/Creative Space

      Hollywood Remodeled Flex/Creative Space
      6235 Santa Monica Blvd, Los Angeles, CA 90038
      View Details
    • $1,175,000
      3,284 SF

      Hollywood Multifamily Investment Opportunity

      Five units in the heart of Hollywood with over 6.5% CAP!
      5724 La Mirada Ave, Los Angeles, CA 90038
      View Details
    • $1,695,000
      2,386 SF

      Hollywood Triplex with Income Potential

      Rare Hollywood triplex featuring a vacant home and duplex income.
      838 N Ridgewood Pl, Los Angeles, CA 90038
      View Details
    • $3,400,000
      7,152 SF

      Hollywood Mixed-Use Investment Opportunity

      Mixed-use property near Paramount Studios with residential and commercial units.
      710 N Van Ness Ave, Los Angeles, CA 90038
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Renovated Open Space in Hollywood

      10,000 SF renovated space suitable for mixed-use or distribution.
      5612 Santa Monica Blvd, Los Angeles, CA 90038
      View Details
    • $3 SF/Yr

      Creative Office or Retail Space

      Creative office or retail/flex space in central Hollywood location.
      1161 Vine St, Los Angeles, CA 90038
      View Details
    • Contact for pricing

      CA, West Hollywood - Spaces La Brea

      Workspaces, services and support to help you grow your business in Spaces Commerce Square
      925 La Brea Ave, Los Angeles, CA 90038
      View Details
    • Contact for pricing
      6,035 SF

      Industrial Space with Roll-Up Door

      4,715 SF industrial space featuring roll-up door and high ceilings.
      6600 Lexington Ave, Los Angeles, CA 90038
      View Details
    • Contact for pricing

      West Hollywood Office Space Available

      Office space for rent in prime West Hollywood location.
      925 N La Brea Ave, West Hollywood, CA 90038
      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.
    1021 Lillian Way
    Los Angeles, CA 90038-2709
    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.
    Sign Up Successful!
    You now have access to more from Realmo!