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    10924 Weyburn Ave Los Angeles, CA 90024-2809
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    Property profile & analytics

    10924 Weyburn Ave, Los Angeles, CA 90024-2809

    View on Map
    • Retail space
    • 3,360 SF
    • 0.09 lot acres
    Off-Market
    Property ID
    US09-6533048
    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
    $1,040,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Rush My Passport / Travel Agency
    • FedEx Drop Box / Postal Service / Courier Service

    Property Details for 10924 Weyburn Ave

    Year built
    1950
    Construction
    TILT-UP CONCRETE
    Lot size
    0.09 lot acres
    Zone code
    LAC4
    Property type
    Retail space
    APN
    4363-018-018
    APU
    4363018018

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 31, 2014 — Westwood Partners LLC — Grant Deed · related $7.3M · Miscellaneous Ins Co
    Sep 30, 2005 $2,750,000 Westwood Partners LLC Thy Rod & Thy Staff LLC Grant Deed —
    Sep 30, 2005 — Westwood Partners LLC Bay To Breakers LLC Grant Deed —
    Sep 15, 2005 — Bay To Breakers LLC Thy Rod & Thy Staff LLC Grant Deed —
    Sep 13, 1999 $1,485,000 Thy Rod & Thy Staff LLC Wilger,charles R Trustees Deed $1.4M · Seller
    Feb 16, 1971 $29,000 — — Grant Deed · related —
    — — Thy Rod & Thy Staff LLC — Deed Of Trust · related $120k · Ge Capital Business Asset Fund

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,300,000
      6.5%
      $1,200,000
      7%
      $1,115,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,380,000
      Current use
      OFFICE BUILDING
      $1,685,000
      Change: +22% Conversion: Easy
      MEDICAL BUILDING
      $1,530,000
      Change: +11% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,425,000
      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
    -118.446
    Latitude
    34.0623
    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
    $47,784
    $2,679,575
    $1,004,835
    $3,684,410
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      16,387 SF

      1101 Glendon Ave

      RETAIL STORES (PERSONAL SERVICES)
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      View Details
    • Value Estimation
      $2,565,000
      10,500 SF

      1038 Westwood Blvd

      RETAIL STORES (PERSONAL SERVICES)
      1038 Westwood Blvd, Los Angeles, CA 90024-2903
      View Details
    • Value Estimation
      $600,000
      3,172 SF

      1750 Westwood Blvd

      RETAIL STORES (PERSONAL SERVICES)
      1750 Westwood Blvd, Los Angeles, CA 90024-5608
      View Details
    • Value Estimation
      $2,220,000
      9,940 SF

      1465 Westwood Blvd

      RETAIL STORES (PERSONAL SERVICES)
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    • Value Estimation
      $1,195,000
      5,828 SF

      1615 Westwood Blvd

      RETAIL STORES (PERSONAL SERVICES)
      1615 Westwood Blvd, Los Angeles, CA 90024-5653
      View Details
    • Value Estimation
      $3,295,000
      3,986 SF

      1446 Westwood Blvd

      RETAIL STORES (PERSONAL SERVICES)
      1446 Westwood Blvd, Los Angeles, CA 90024
      View Details

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    Similar Nearby for Lease

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      Newly constructed retail space with outdoor patio in Los Angeles.
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      Retail space suitable for a high-end hair salon.
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    • $3 SF/Yr

      Westwood Blvd Retail Space

      Retail space ideal for take-out uses with great exposure.
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      5,000 SF

      Prime Retail Space Near Metro

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      Prime Westwood Village Retail Space

      Rare leasing opportunity in the heart of Westwood Village.
      10930 Weyburn Ave, Los Angeles, CA 90024
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    • Contact for pricing
      550 SF

      Retail Space with Natural Light

      Small retail space featuring expansive glass and high ceilings.
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      View Details
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    Los Angeles, CA 90024-2809
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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.

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