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

    1045 24th St Los Angeles, CA 90007-1816

    • Investment properties
    • 5,830 SF
    • 0.13 lot acres
    OFF-MARKET
    Value Estimations
    $1,375,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-0510050
    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

    • Aniise Natural Skin Care and Cosmetics / Cosmetic Store
    • Whiting Institute / Medical Clinic
    • Torab Mecca / Department Store

    Property Details for 1045 24th St

    Year built
    1903
    Construction
    WOOD
    Lot size
    0.13 lot acres
    Property size
    5,830 SF
    Zone code
    LAC2
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    5124-007-020
    APU
    5124007020

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,970,000
      6.5%
      $1,815,000
      7%
      $1,685,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,745,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $1,795,000
      Change: +3% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.283
    Latitude
    34.0343
    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
    $17,372
    $832,513
    $554,943
    $1,387,456
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,460,000
      6,020 SF

      2401 Vermont Ave

      STORE/OFFICE (MIXED USE) • 6,020 SF
      2401 Vermont Ave, Los Angeles, CA 90007
      View Details
    • Value Estimation
      $2,500,000
      10,835 SF

      1325 Washington Blvd

      STORE/OFFICE (MIXED USE) • 10,835 SF
      1325 Washington Blvd, Los Angeles, CA 90007-1232
      View Details
    • Value Estimation
      $560,000
      2,225 SF

      1431 Jefferson Blvd

      STORE/OFFICE (MIXED USE) • 2,225 SF
      1431 Jefferson Blvd, Los Angeles, CA 90007-3422
      View Details
    • Value Estimation
      $2,345,000
      12,000 SF

      2820 Vermont Ave

      STORE/OFFICE (MIXED USE) • 12,000 SF
      2820 Vermont Ave, Los Angeles, CA 90007-2291
      View Details
    • Value Estimation
      $745,000
      2,987 SF

      2727 Vermont Ave

      STORE/OFFICE (MIXED USE) • 2,987 SF
      2727 Vermont Ave, Los Angeles, CA 90007
      View Details
    • Value Estimation
      $5,460,000
      32,862 SF

      3655 Grand Ave

      STORE/OFFICE (MIXED USE) • 32,862 SF
      3655 Grand Ave, Los Angeles, CA 90007-4316
      View Details

    Similar Nearby for Sale

    • $2,500,000
      0.21 Acres

      Mixed-Use Property Near USC

      Mixed-use property near USC, ideal for investors or developers.
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      Mixed-Use Building Near USC

      Mixed-use retail and apartment building near USC campus.
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      Student Housing Near USC

      Turnkey student housing near USC with strong income and development potential.
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      8,062 SF

      Sixteen-Unit Multifamily Building Near USC

      Sixteen-unit apartment building in West Adams district near USC.
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    Similar Nearby for Lease

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      Los Angeles Live/Work Studio Space

      Second floor live/work studio space available for rent.
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      Live/Work Studios Available

      Second floor studios with kitchens and restrooms for rent.
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    • $1.00 SF/Yr
      7,415 SF

      Freestanding Warehouse in Los Angeles

      7,415 SF warehouse with 18' clearance and grade loading.
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      View Details
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      10,000 SF

      Manufacturing & Distribution Building

      Freestanding building with offices, showroom, and fenced parking.
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    • $1.03 SF/Yr
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      Light Manufacturing/Warehouse Just East of USC

      Light Manufacturing/Warehouse Just East of USC
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    • $1.00 SF/Yr
      22,885 SF

      Industrial Building with Dock Doors

      Freestanding industrial building featuring dock and drive-in doors.
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      View Details
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    1045 24th St
    Los Angeles, CA 90007-1816
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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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