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    11849 Olympic Blvd Los Angeles, CA 90064-1155
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    Property profile & analytics

    11849 Olympic Blvd Los Angeles, CA 90064-1155

    View on Map
    • Office buildings
    • 5,079 SF
    • 0.14 lot acres
    Off-Market
    Last Sale Dec 30, 2021
    Property ID
    US09-7075271
    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
    $1,795,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Spectacle VR / Ophthalmologist / (Bike/Boat/Book/etc) Store
    • Calvary Productions / Film Production / Television Studio
    • Marching Penguin / Film Production / Television Studio
    • Aligned Entertainment / Theater & Performing Art Venue / Music Venue
    • Larry Corsa Agency / Insurance Agency

    Property Details for 11849 Olympic Blvd

    Year built
    1980
    Construction
    WOOD
    Lot size
    0.14 lot acres
    Property size
    5,079 SF
    Zone code
    LAM2
    Property type
    Office buildings
    APN
    4259-023-009
    APU
    4259023009

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,145,000
      6.5%
      $1,980,000
      7%
      $1,835,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,550,000
      Current use
      AUTO REPAIR, GARAGE
      $2,760,000
      Change: +8% Conversion: Difficult
      MEDICAL BUILDING
      $2,315,000
      Change: -9% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $2,150,000
      Change: -16% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.452
    Latitude
    34.033
    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
    $42,450
    $3,225,240
    $260,100
    $3,485,340
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $10,370,000
      62,312 SF

      10801 National Blvd

      OFFICE BUILDING (MULTI-STORY) • 62,312 SF
      10801 National Blvd, Los Angeles, CA 90064-4139
      View Details
    • Value Estimation
      $10,280,000
      46,685 SF

      10345 Olympic Blvd

      OFFICE BUILDING (MULTI-STORY) • 46,685 SF
      10345 Olympic Blvd, Los Angeles, CA 90064-2524
      View Details
    • Value Estimation
      $14,230,000
      418,909 SF

      11835 Olympic Blvd

      OFFICE BUILDING (MULTI-STORY) • 418,909 SF
      11835 Olympic Blvd, Los Angeles, CA 90064-5001
      View Details
    • Value Estimation
      $15,530,000
      66,191 SF

      11300 Olympic Blvd

      OFFICE BUILDING (MULTI-STORY) • 66,191 SF
      11300 Olympic Blvd, Los Angeles, CA 90064-1637
      View Details
    • Value Estimation
      $910,000
      4,609 SF

      2346 Westwood Blvd

      OFFICE BUILDING (MULTI-STORY) • 4,609 SF
      2346 Westwood Blvd, Los Angeles, CA 90064-2125
      View Details
    • Value Estimation
      $1,740,000
      5,496 SF

      2304 Westwood Blvd

      OFFICE BUILDING • 5,496 SF
      2304 Westwood Blvd, Los Angeles, CA 90064
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,724 SF

      West Los Angeles Office Building

      Office building for sale in a vibrant West Los Angeles neighborhood.
      11570 W Olympic Blvd, Los Angeles, CA 90064
      View Details
    • Contact for pricing
      5,350 SF

      Office/Flex Building For Sale

      Office/flex building suitable for various commercial uses.
      2320 Cotner Ave, Los Angeles, CA 90064
      View Details
    • $10,500,000

      Flex Space Opportunity in Los Angeles

      Two-building flex space totaling 14,837 SF in Los Angeles.
      2222 S Barrington 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
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Leased Office Building in Los Angeles

      100% leased office building. No current availability.
      2238 Purdue Ave, Los Angeles, CA 90064
      View Details
    • Contact for pricing

      Leased Office Building in Los Angeles

      Fully leased office building in a prime Los Angeles location.
      2217 Pontius Ave, Los Angeles, CA 90064
      View Details
    • Contact for pricing

      Westwood Boulevard Boutique Office Space

      Boutique office building in prime West LA location.
      2300 Westwood Blvd, Los Angeles, CA 90064
      View Details
    • $1.80 SF/Yr
      15,990 SF

      Renovated Freestanding Office Building

      Two-story office building with modern renovations and flexible layout.
      2229 Barry Ave, Los Angeles, CA 90064
      View Details
    • Contact for pricing

      Premium Office Space Available

      Prestigious office building with prime freeway visibility and modern amenities.
      10801 National Blvd, Los Angeles, CA 90064
      View Details
    • $2 SF/Yr

      Upgraded Office Space with Patio

      Office space featuring upgrades, kitchen, patio, and operable windows.
      Cheviot Hl, Los Angeles, CA 90064
      View Details
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    Los Angeles, CA 90064-1155
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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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