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    11054 W Pico Blvd Los Angeles, CA 90064
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    11054 W Pico Blvd Los Angeles, CA 90064

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    • Retail properties & Spaces
    • 11,969 SF
    • 0.58 lot acres
    For Sale
    $6,875,000
    View Listing →
    West LA Development Site For Sale
    $6,875,000
    11,969 SF

    West LA Development Site

    Prime West Los Angeles location for owner-user or development.

    11054 W Pico Blvd, Los Angeles, CA 90064
    View Listing
    Property ID
    US10-0509955
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Westside/South Bay Vocal & Piano lessons / Tutoring Service
    • Rimmon Fabrics / (Bike/Boat/Book/etc) Store
    • Fusion Live Entertainment / Nightclub / Music Venue

    Property Details for 11054 W Pico Blvd

    Year built
    1946
    Construction
    TILT-UP CONCRETE
    Lot size
    0.58 lot acres
    Property size
    11,969 SF
    Zone code
    LAM2
    Property type
    Retail properties & Spaces
    APN
    4256-008-008
    APU
    4256008008

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $819,000
      Market price range: $819k - $2.90M

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.434
    Latitude
    34.0371
    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
    $11,151
    $564,821
    $171,109
    $735,930
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $6,110,000
      17,205 SF

      11728 Olympic Blvd

      DEPARTMENT STORE • 17,205 SF
      11728 Olympic Blvd, Los Angeles, CA 90064-1203
      View Details
    • Value Estimation by Request
      2,700 SF

      3939 Sepulveda Blvd

      Flex space • 2,700 SF
      3939 Sepulveda Blvd, Los Angeles, CA 90064
      View Details
    • Value Estimation by Request
      1,520 SF

      2238 Sepulveda Blvd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1,520 SF
      2238 Sepulveda Blvd, Los Angeles, CA 90064-1812
      View Details
    • Value Estimation by Request
      744 SF

      2205 Sepulveda Blvd

      Retail properties & Spaces • 744 SF
      2205 Sepulveda Blvd, Los Angeles, CA 90064
      View Details
    • Value Estimation by Request
      1,800 SF

      2319-2323 Westwood Blvd

      Retail properties & Spaces • 1,800 SF
      2319-2323 Westwood Blvd, Los Angeles, CA 90064
      View Details
    • Value Estimation
      $17,620,000
      50,004 SF

      11801 Olympic Blvd

      DEPARTMENT STORE • 50,004 SF
      11801 Olympic Blvd, Los Angeles, CA 90064-1114
      View Details

    Similar Nearby for Sale

    • $2,999,000
      9,200 SF

      Mixed-Use Retail/Office Building For Sale

      Mixed-use retail/office building near Pico Boulevard and Barrington Ave.
      11714 W Pico Blvd, Los Angeles, CA 90064
      View Details
    • Contact for pricing
      11,969 SF

      West LA Development Site

      Prime West Los Angeles location for owner-user or development.
      11054 W Pico Blvd, Los Angeles, CA 90064
      View Details
    • Contact for pricing
      3,600 SF

      Restaurant and Commercial Kitchen Opportunity

      Fully built-out restaurant and commercial kitchen available for lease.
      2214 Stoner Ave, Los Angeles, CA 90064
      View Details
    • $2,999,000
      9,200 SF

      Mixed-Use Retail/Office Building Opportunity

      Mixed-use retail/office building for sale in Los Angeles.
      11714-11720 W Pico Blvd, Los Angeles, CA 90064
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    • Contact for pricing
      4,600 SF

      Westwood Boulevard Mixed-Use Property

      Mixed-use property with retail and residential units in prime location.
      2245 Westwood Blvd, Los Angeles, CA 90064
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    • $3,300,000
      6,000 SF

      West LA Retail Building

      Multi-tenant retail building near future UCLA Research Center.
      10931 W Pico Blvd, Los Angeles, CA 90064
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Available For Lease

      Retail property available for lease in Los Angeles, CA.
      Sepulveda Blvd & National Blvd, Los Angeles, CA 90064
      View Details
    • Contact for pricing

      WESTWOOD BLVD BETWEEN OLYMIC & PICO BLVD

      RETAIL OFFICE SPACE FOR LEASE AT 2313 WESTWOOD BLVD LA 90064
      2313 Westwood Blvd, West Los Angeles, CA 90064
      View Details
    • Contact for pricing
      25,116 SF

      Retail Space on West Pico

      Retail property available for lease on West Pico Boulevard.
      10831 West Pico Blvd, Los Angeles, CA 90064
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail property available for lease in Los Angeles, CA.
      10597 Pico Blvd, Los Angeles, CA 90064
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease in Los Angeles, CA.
      12121 W Pico Blvd, Los Angeles, CA 90064
      View Details
    • $1.95 SF/Yr

      Secure Lot with Ample Parking

      Gated parking with security, charging stations, and metro access.
      2440 S Sepulveda Blvd, Los Angeles, CA 90064
      View Details
    View Listing
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    Los Angeles, CA 90064
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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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