Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    1023 Cole Ave Los Angeles, CA 90038-2601
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1023 Cole Ave Los Angeles, CA 90038-2601

    View on Map
    • Data centers and call centers
    • 3,120 SF
    • 0.14 lot acres
    Off-Market
    Last Sale Jul 27, 2023
    $3,435,034
    Property ID
    US09-7329559
    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
    $3,845,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Sound Advice / Radio Station / Telecommunications Service

    Property Details for 1023 Cole Ave

    Year built
    1989
    Construction
    WOOD
    Lot size
    0.14 lot acres
    Property size
    3,120 SF
    Zone code
    LAMR1
    Property type
    Data centers and call centers
    APN
    5533-014-023
    APU
    5533014023

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,110,000
      ML approach
      $3,805,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,430,000
      Market price range: $1.30M - $4.43M

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.33
    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
    $42,655
    $2,900,000
    $535,000
    $3,435,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      4,330 SF

      1017 Cole Ave

      RADIO OR TV STATION • 4,330 SF
      1017 Cole Ave, Los Angeles, CA 90038-2601
      View Details
    • Value Estimation
      $940,000
      18,860 SF

      6677 Santa Monica Blvd

      RADIO OR TV STATION • 18,860 SF
      6677 Santa Monica Blvd, Los Angeles, CA 90038-1311
      View Details
    • Value Estimation
      $3,625,000
      147,470 SF

      5400 Marathon St

      RADIO OR TV STATION • 147,470 SF
      5400 Marathon St, Los Angeles, CA 90038
      View Details
    • Value Estimation
      $1,370,000
      23,831 SF

      6650 Romaine St

      RADIO OR TV STATION • 23,831 SF
      6650 Romaine St, Los Angeles, CA 90038-2517
      View Details
    • Value Estimation
      $2,320,000
      40,737 SF

      1040 Las Palmas Ave

      RADIO OR TV STATION • 40,737 SF
      1040 Las Palmas Ave, Los Angeles, CA 90038-2409
      View Details
    • Value Estimation
      $1,230,000
      21,271 SF

      836 Cahuenga Blvd

      RADIO OR TV STATION • 21,271 SF
      836 Cahuenga Blvd, Los Angeles, CA 90038
      View Details

    Similar Nearby for Sale

    • $3,080,000

      Creative Office Building For Sale

      Turnkey creative office building in Hollywood Media District.
      953 Cole Ave, Los Angeles, CA 90038
      View Details
    • Contact for pricing
      6,560 SF

      Melrose Avenue Commercial Property

      Commercial property on Melrose Avenue suitable for owner or investment.
      6708-12 Melrose 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
    • Contact for pricing
      6,560 SF

      Melrose Avenue First Floor Office

      First floor office space available on Melrose Avenue.
      6708-6712 Melrose Ave, Los Angeles, CA 90038
      View Details
    • Contact for pricing
      18,000 SF

      Two-Story Office Building For Sale

      Two-story office building available for purchase.
      933 N La Brea Ave, Los Angeles, CA 90038
      View Details
    • Contact for pricing
      3,000 SF

      Hollywood Media District Campus

      39,300 SF media campus in Hollywood Media District.
      1135 N Highland Ave, Los Angeles, CA 90038
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      La Brea Avenue Retail/Parking

      Retail and parking spaces available on La Brea Avenue.
      800 N La Brea Ave, 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
      616 SF

      Office Space Available For Rent

      616 square foot office space available for rent.
      830 N Seward St, Los Angeles, CA 90038
      View Details
    • Contact for pricing

      Versatile Workspace Solutions Available

      Flexible office spaces, coworking, meeting rooms, and virtual offices.
      925 N La Brea Ave, West Hollywood, CA 90038
      View Details
    • Contact for pricing
      9,128 SF

      Creative Office Space Available

      Creative office space for rent in Los Angeles.
      6700 Santa Monica Blvd, Los Angeles, CA 90038
      View Details
    • Contact for pricing

      Leased Office Space on Melrose

      Office property on Melrose Avenue, currently 100% leased.
      7016-7024 Melrose Ave, Los Angeles, 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.
    1023 Cole Ave
    Los Angeles, CA 90038-2601
    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!