Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    107 Hewitt St Los Angeles, CA 90012

    • Investment properties
    • 80,903 SF
    • 0.68 lot acres
    For Lease
    View listing
    Value Estimations
    $1,170,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-9859037
    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

    • 107 Hewitt / Apartment Complex / Apartment Rental Agency

    Property Details for 107 Hewitt St

    Year built
    2022
    Construction
    WOOD
    Lot size
    0.68 lot acres
    Property size
    80,903 SF
    Zone code
    LACM
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    5163-002-030
    APU
    5163002030

    Description

    This exceptional Los Angeles retail property, located at 107 S Hewitt St, 90012, offers 12,805 square feet of vacant space, perfect for multiple tenants. Situated in Los Angeles County, California, this commercial property is currently available in its entirety. The flexible layout allows for various configurations, with a minimum divisible space of 1,330 square feet and a maximum contiguous space of 3,940 square feet. Five individual spaces are available, providing opportunities for businesses of different sizes. The property's total square footage is 12,805 square feet, offering significant potential for a variety of retail ventures. Its strategic location in Los Angeles provides excellent visibility and accessibility, making it an ideal location for businesses seeking high foot traffic and a strong customer base. The property is categorized as retail commercial space and presents a unique opportunity for investors or businesses looking to establish a presence in a vibrant and dynamic market. This is a rare chance to secure a substantial retail space in a prime Los Angeles location. Contact us today to learn more about leasing opportunities and explore the possibilities this property offers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,170,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.237
    Latitude
    34.0485
    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
    $522,427
    $16,795,508
    $26,085,500
    $42,881,008
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $330,000
      12,369 SF

      347 1st St

      OFFICE/RESIDENTIAL (MIXED USE) • 12,369 SF
      347 1st St, Los Angeles, CA 90012-3901
      View Details
    • Value Estimation
      $610,000
      14,100 SF

      325 1st St

      OFFICE/RESIDENTIAL (MIXED USE) • 14,100 SF
      325 1st St, Los Angeles, CA 90012-3901
      View Details
    • Value Estimation
      $840,000
      133,598 SF

      220 2nd St

      OFFICE/RESIDENTIAL (MIXED USE) • 133,598 SF
      220 2nd St, Los Angeles, CA 90012-3803
      View Details
    • Value Estimation
      $225,000
      1,530 SF

      504 Chung King Ct

      OFFICE/RESIDENTIAL (MIXED USE) • 1,530 SF
      504 Chung King Ct, Los Angeles, CA 90012-1709
      View Details
    • Value Estimation by Request
      226,670 SF

      900 Broadway

      OFFICE/RESIDENTIAL (MIXED USE) • 226,670 SF
      900 Broadway, Los Angeles, CA 90012-1894
      View Details
    • Value Estimation
      $285,000
      8,478 SF

      630 College St

      OFFICE/RESIDENTIAL (MIXED USE) • 8,478 SF
      630 College St, Los Angeles, CA 90012-1616
      View Details

    Similar Nearby for Sale

    • $1,400,000
      2,400 SF

      Two-Story Retail Building For Sale

      Two-story retail building with live/work potential in Los Angeles.
      978 Chung King Rd, Los Angeles, CA 90012
      View Details
    • $1,400,000
      2,400 SF

      Two-Story Retail Building with Basement

      Two-story retail building with a basement and possible live/work use.
      974 Chung King Rd, Los Angeles, CA 90012
      View Details
    • $999,000
      5,131 SF

      Elysian Park Multifamily Investment Opportunity

      Multifamily property in Elysian Park near Echo Park.
      456 Solano Ave, Los Angeles, CA 90012
      View Details
    • $22,500,000
      11,613 SF

      Mixed-Use Investment Opportunity in Venice

      Mixed-use property with retail and creative office potential.
      916 Main St, Venice, CA 90012
      View Details
    • Contact for pricing

      Downtown LA Development Land

      Chinatown Commercial Lot - 26,403 SF
      774 Broadway, Los Angeles, CA 90012
      View Details
    • $6,825,000
      19,280 SF

      Free Standing Building Near USC

      M1 Zoned building in an Opportunity Zone near USC.
      3218-3222 S Main St, Los Angeles, CA 90012
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,000 SF

      Downtown LA Retail Opportunity

      Prime Los Angeles retail space, 6 suites available.
      900 Temple St, Los Angeles, CA 90012
      View Details
    • Contact for pricing
      40,643 SF

      Los Angeles Retail Space: The Ferrante

      Prime Los Angeles retail space, multiple units available.
      1000 Temple St, Los Angeles, CA 90012
      View Details
    • $21 SF/Yr
      5,000 SF

      Chinatown Retail/Office Opportunity

      5,000 SF Creative Office Space in Downtown LA
      933 Broadway, Los Angeles, CA 90012
      View Details
    • $1.75 SF/Yr
      10,540 SF

      Office Space with Basement

      Office space for rent with basement and ADA restroom.
      900 S Broadway, Los Angeles, CA 90012
      View Details
    • Contact for pricing
      4,450 SF

      Retail Space on Figueroa Street

      Ground floor retail space available for rent in Los Angeles.
      550-606 N Figueroa St, Los Angeles, CA 90012
      View Details
    • Contact for pricing
      4,818 SF

      Industrial Space with Office

      Freestanding industrial building with office space for lease.
      3704 S Main St, Los Angeles, CA 90012
      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.
    107 Hewitt St
    Los Angeles, CA 90012
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.