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    Property profile & analytics

    1212 La Brea Ave Inglewood, CA 90302-1215

    • Investment properties
    • 3,000 SF
    • 0.08 lot acres
    OFF-MARKET
    Value Estimations
    $685,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-6701818
    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

    • Simply perfect events / Theater & Performing Art Venue / Music Venue
    • Made with Love / Consultant

    Property Details for 1212 La Brea Ave

    Year built
    1948
    Construction
    TILT-UP CONCRETE
    Lot size
    0.08 lot acres
    Property size
    3,000 SF
    Zone code
    INC2YY
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    4002-030-020
    APU
    4002030020

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $865,000
      6.5%
      $795,000
      7%
      $740,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $572,000
      Market price range: $265k - $727k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $830,000
      Current use
      RETAIL STORES
      $1,065,000
      Change: +28% Conversion: Easy
      OFFICE BUILDING
      $1,010,000
      Change: +21% Conversion: Easy
      WAREHOUSE, STORAGE
      $880,000
      Change: +6% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Inglewood
    County
    Los Angeles
    State
    California
    Longitude
    -118.357
    Latitude
    33.9788
    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
    $9,712
    $506,200
    $210,066
    $716,266
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $600,000
      2,400 SF

      301 Bch Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,400 SF
      301 Bch Ave, Inglewood, CA 90302-2912
      View Details
    • Value Estimation by Request
      2,129 SF

      718 Centinela Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,129 SF
      718 Centinela Ave, Inglewood, CA 90302-2414
      View Details
    • Value Estimation by Request
      3,647 SF

      1346 Centinela Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,647 SF
      1346 Centinela Ave, Inglewood, CA 90302-1178
      View Details
    • Value Estimation by Request
      872 SF

      725 Centinela Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 872 SF
      725 Centinela Ave, Inglewood, CA 90302
      View Details
    • Value Estimation
      $760,000
      5,416 SF

      910 Centinela Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 5,416 SF
      910 Centinela Ave, Inglewood, CA 90302-6132
      View Details
    • Value Estimation by Request
      1,734 SF

      330 Plymouth St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,734 SF
      330 Plymouth St, Inglewood, CA 90302-2112
      View Details

    Similar Nearby for Sale

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      Inglewood Warehouse/Development Site

      Prime Inglewood location, RTI plans available.
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    • $1,500,000
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      Inglewood Mixed-Use Investment Opportunity

      Mixed-use property with offices and residential units near development sites.
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      Well-maintained 6-unit property with upgrades and future development potential.
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    Similar Nearby for Lease

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      Office/Flex property with parking, refurbishment options, and transportation access.
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    • Contact for pricing

      Inglewood Retail Storefront For Rent

      Retail storefront with high visibility and foot traffic available for rent.
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    • $1.75 SF/Yr
      53,420 SF

      Industrial Space Near LAX Airport

      Industrial property with offices, high ceilings, and convenient freeway access.
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      Inglewood Creative Office Space

      Creative office space available for rent in Inglewood, CA.
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    • $2,397 /Mo
      2,160 SF

      Inglewood Retail Storefront For Lease

      1080 SF retail unit with high visibility and foot traffic.
      1123 N La Brea Ave, Inglewood, CA 90302
      View Details
    • $18 SF/Yr
      5,616 SF

      Inglewood Warehouse: 5,616 SF

      Prime Inglewood warehouse, 6 parking spaces.
      900 Hyde Park Blvd, Inglewood, CA 90302
      View Details
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    1212 La Brea Ave
    Inglewood, CA 90302-1215
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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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