Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1040 Kenmore Ave Los Angeles, CA 90029-2678
    Back to Search
    Property profile & analytics

    1040 Kenmore Ave, Los Angeles, CA 90029-2678

    View on Map
    • Retail space
    • 10,872 SF
    • 0.43 lot acres
    Off-Market
    Property ID
    US09-7805199
    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
    $3,275,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 1040 Kenmore Ave

    Year built
    1920
    Construction
    TILT-UP CONCRETE
    Lot size
    0.43 lot acres
    Zone code
    LAC2
    Property type
    Retail space
    APN
    5538-012-022
    APU
    5538012022

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 25, 2021 — Wakeland Wilcox LP — Deed · related $5.2M · City Of Los Angeles
    Jun 4, 2021 — Wakeland Wilcox LP — Deed · related $1.3M · Century Development INC
    Sep 27, 2019 $6,400,000 Wakeland Wilcox LP 4910 Santa Monica LLC Grant Deed $6.4M · Century Hsng
    Jul 25, 2017 — 4910 Santa Monica LLC — Deed · related $500k · Erwin Cohen
    Sep 1, 2015 — William Huleis Tarazi Faraj Trust Quit Claim Deed · related —
    Jun 19, 2014 — 4910 Santa Monica LLC Huleis,william Quit Claim Deed · related —
    Sep 15, 2008 $500,000 Tarazi Faraj Trust Tarazi Eli Trust Grant Deed —
    May 11, 2007 — Faraj Tarazi Tarazi Faika Trust Quit Claim Deed —
    — — 4910 Santa Monica LLC — Deed Of Trust · related $500k · Erwin Cohen

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,205,000
      6.5%
      $3,880,000
      7%
      $3,605,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $4,465,000
      Current use
      OFFICE BUILDING
      $5,455,000
      Change: +22% Conversion: Easy
      MEDICAL BUILDING
      $4,955,000
      Change: +11% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $4,605,000
      Change: +3% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.297
    Latitude
    34.0906
    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
    $337
    $6,862,091
    $3,587,340
    $10,449,431
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,805,000
      12,600 SF

      864 Virgil Ave

      RETAIL STORES (PERSONAL SERVICES)
      864 Virgil Ave, Los Angeles, CA 90029-2941
      View Details
    • Value Estimation by Request
      1,125 SF

      4010 Wit Pl

      RETAIL STORES (PERSONAL SERVICES)
      4010 Wit Pl, Los Angeles, CA 90029-2244
      View Details
    • Value Estimation
      $520,000
      1,498 SF

      3929 Fountain Ave

      RETAIL STORES (PERSONAL SERVICES)
      3929 Fountain Ave, Los Angeles, CA 90029-2217
      View Details
    • Value Estimation
      $2,145,000
      8,911 SF

      5337 Santa Monica Blvd

      RETAIL STORES (PERSONAL SERVICES)
      5337 Santa Monica Blvd, Los Angeles, CA 90029-1105
      View Details
    • Value Estimation
      $1,045,000
      6,392 SF

      4862 Santa Monica Blvd

      RETAIL STORES (PERSONAL SERVICES)
      4862 Santa Monica Blvd, Los Angeles, CA 90029-2634
      View Details
    • Value Estimation
      $1,195,000
      3,771 SF

      4028 Santa Monica Blvd

      RETAIL STORES (PERSONAL SERVICES)
      4028 Santa Monica Blvd, Los Angeles, CA 90029
      View Details

    Similar Nearby for Sale

    • $999,900

      Versatile Commercial Building with Income Potential

      Standalone commercial building suitable for retail, cafe, office, or boutique.
      3925 Fountain Ave, Los Angeles, CA 90029
      View Details
    • Contact for pricing

      Versatile Commercial Building with Dual Entrances

      Standalone commercial building suitable for retail, office, cafe, and more.
      3925 Fountain Ave, Los Angeles, CA 90029
      View Details
    • Contact for pricing
      14,139 SF

      Retail & Apartment Building with Parking

      Multi-tenant retail and a 3,000 sq ft apartment, supported by an additional parking area with offices and garages.
      3924 W Sunset Blvd, Los Angeles, CA 90029
      View Details
    • $25,500,000
      14,139 SF

      Sunset Junction Mixed-Use Investment

      Mixed-use property in Sunset Junction with retail and residential spaces.
      3924 W Sunset Blvd, Los Angeles, CA 90029
      View Details
    • $1,999,900
      2,639 SF

      Hollywood Commercial/Residential Mixed-Use Property

      Mixed-use property in Hollywood with retail and residential units.
      1108 N Kenmore Ave, Los Angeles, CA 90029
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,180 SF

      Melrose Avenue Retail Spaces Available

      Retail spaces available in Melrose Hill & East Hollywood.
      4864 Melrose Ave, Los Angeles, CA 90029
      View Details
    • Contact for pricing

      Prime Retail Space Available

      Well-located commercial property with high visibility and flexible layout.
      4619 Santa Monica Blvd, Los Angeles, CA 90029
      View Details
    • Contact for pricing

      Retail Space in Los Feliz

      Charming Los Feliz retail space in a vibrant neighborhood.
      816 N Vermont Ave, Los Angeles, CA 90029
      View Details
    • Contact for pricing

      Versatile Commercial Space in Prime Location

      Updated commercial space with open layout in high-traffic area.
      1620 S Hoover St, Los Angeles, CA 90029
      View Details
    • Contact for pricing

      Retail Space in Sunset Junction

      Prime retail space available for rent in Silverlake/Sunset Junction.
      4001 Sunset Blvd, Los Angeles, CA 90029
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space available for rent in Los Angeles, CA 90029.
      1167 N Western Ave, Los Angeles, CA 90029
      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.
    1040 Kenmore Ave
    Los Angeles, CA 90029-2678
    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

    Thank You for Inquiry
    1040 Kenmore Ave, Los Angeles, CA, 90029
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!