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    Property profile & analytics

    1201 Alvarado St Los Angeles, CA 90026

    • Manufacturing properties
    • 6,940 SF
    • 0.13 lot acres
    For Lease
    View listing
    Last Sale
    May 01, 2023
    $3,275,032
    Value Estimations
    $2,565,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-8651295
    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

    • Manufacturing properties

    Property Details for 1201 Alvarado St

    Year built
    1926
    Construction
    WOOD
    Lot size
    0.13 lot acres
    Property size
    6,940 SF
    Zone code
    LARD2
    Property type
    Manufacturing properties
    APN
    5402-033-025
    APU
    5402033025

    Description

    This exceptional two-story, 6,940-square-foot creative office and retail compound is situated in the heart of Echo Park at a prime corner location on Alvarado Street, just off Sunset Boulevard. Built in 1926 and extensively renovated in 2018, the Class B property offers multiple tenancy options. The building features on-site parking, a significant advantage in this vibrant area. Currently, the entire 6,940 square feet is vacant and available for lease or sale. Flexible floor plans allow for either a single user occupying both floors or separate tenants on each of the two stories. The minimum divisible space is 3,440 square feet, with a maximum contiguous space of 3,500 square feet. The property boasts a striking mural by world-renowned artist Retna, providing exceptional visibility and recognition throughout Los Angeles. This multi-use property presents a unique opportunity for owner-users or investors seeking a high-profile location with significant potential. The property is located in Los Angeles County, California, with a zip code of 90026.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,355,000
      ML approach
      $2,490,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,662,000
      Market price range: $849k - $3.43M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,965,000
      Current use
      AUTO REPAIR, GARAGE
      $3,775,000
      Change: +92% Conversion: Easy
      OFFICE BUILDING
      $3,485,000
      Change: +77% Conversion: Difficult
      MEDICAL BUILDING
      $3,160,000
      Change: +61% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $2,965,000
      Change: +51% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $2,940,000
      Change: +50% Conversion: Difficult
      RETAIL STORES
      $2,850,000
      Change: +45% 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
    -118.263
    Latitude
    34.0784
    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
    $23,817
    $1,565,700
    $346,800
    $1,912,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      3117 Temple St

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    Similar Nearby for Sale

    • Contact for pricing
      4,933 SF

      Retail/Flex Building Available

      Retail/flex building available for sale in Los Angeles.
      1632-1634 W Temple St, Los Angeles, CA 90026
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    • $3,400,000
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      Luxury 5-Unit LA Apartment Building

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      Echo Park Development Opportunity

      Development site in Echo Park with mixed-use zoning.
      1506 Glendale Blvd, Los Angeles, CA 90026
      View Details
    • $2,700,000
      5,666 SF

      Mixed-Use Building in Los Angeles

      Mixed-use building with 7 units in a transforming area.
      2240 W Temple St, Los Angeles, CA 90026
      View Details
    • $1,500,000
      2,028 SF

      Los Angeles Mixed-Use Property

      Mixed-use property in Los Angeles, California.
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      View Details
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      Multifamily Property Near Echo Park

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    Similar Nearby for Lease

    • $1.25 SF/Yr
      15,756 SF

      Free Standing Warehouse Building

      15,756 SF warehouse with dock and ground level doors.
      1122 S Alvarado St, Los Angeles, CA 90026
      View Details
    • $1.80 SF/Yr
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      Creative Industrial Production Studio Space

      Industrial/Production studio near Echo Park & DTLA for rent.
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    • Contact for pricing
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      Echo Park Village Retail Space

      Prime Echo Park retail/restaurant opportunity.
      343 Glendale Blvd, Los Angeles, CA 90026
      View Details
    • $4,950 /Mo

      Silver Lake Commercial Space

      Newly renovated commercial space in the heart of Silver Lake.
      Sunset Blvd, Los Angeles, CA 90026
      View Details
    • Contact for pricing
      25,827 SF

      Echo Park Land Available

      25,827 SF land available in Echo Park.
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      View Details
    • $2,850 /Mo
      650 SF

      Angelino Heights Carriage House Retreat

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    1201 Alvarado St
    Los Angeles, CA 90026
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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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