Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1245 Florence Ave Los Angeles, CA 90001-2432

    • Manufacturing properties
    • 8,320 SF
    • 0.24 lot acres
    OFF-MARKET
    Value Estimations
    $815,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7867140
    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

    • Profe Window Tint / Interior Design / Auto Repair Shop
    • Chucherias / Restaurant

    Property Details for 1245 Florence Ave

    Year built
    1926
    Lot size
    0.24 lot acres
    Property size
    8,320 SF
    Zone code
    LCM1*
    Property type
    Manufacturing properties
    APN
    6010-016-028
    APU
    6010016028

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,040,000
      Market price range: $438k - $1.46M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $925,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.253
    Latitude
    33.9751
    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
    $11,964
    $552,975
    $227,244
    $780,219
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,640 SF

      906 Florence Ave

      MANUFACTURING (LIGHT) • 1,640 SF
      906 Florence Ave, Los Angeles, CA 90001-2453
      View Details
    • Value Estimation by Request
      1,800 SF

      914 Florence Ave

      MANUFACTURING (LIGHT) • 1,800 SF
      914 Florence Ave, Los Angeles, CA 90001
      View Details
    • Value Estimation
      $560,000
      5,200 SF

      1241 Florence Ave

      MANUFACTURING (LIGHT) • 5,200 SF
      1241 Florence Ave, Los Angeles, CA 90001
      View Details
    • Value Estimation
      $2,635,000
      23,365 SF

      6605 Wilson Ave

      MANUFACTURING (LIGHT) • 23,365 SF
      6605 Wilson Ave, Los Angeles, CA 90001
      View Details
    • Value Estimation by Request
      4,280 SF

      5869 Wilmington Ave

      MANUFACTURING (LIGHT) • 4,280 SF
      5869 Wilmington Ave, Los Angeles, CA 90001-1448
      View Details
    • Value Estimation
      $1,405,000
      12,501 SF

      6525 Compton Ave

      MANUFACTURING (LIGHT) • 12,501 SF
      6525 Compton Ave, Los Angeles, CA 90001-1747
      View Details

    Similar Nearby for Sale

    • $5,490,000
      23,032 SF

      Industrial Warehouse in Gage/Avalon Location

      23,032 SF industrial property with M-2 zoning for sale.
      707 E 62Nd St, Los Angeles, CA 90001
      View Details
    • $5,500,000
      41,460 SF

      Multi-Purpose Facility in Los Angeles

      Multi-purpose facility with potential for division and income generation.
      8001 Beach St, Los Angeles, CA 90001
      View Details
    • Contact for pricing
      19,621 SF

      Los Angeles Cultivation, Manufacturing, Distribution

      Energized property with licenses for cultivation, manufacturing, and distribution.
      806 E 61St St, Los Angeles, CA 90001
      View Details
    • $3,371,200
      9,632 SF

      Concrete Building for Manufacturing/Warehousing

      Concrete building suitable for manufacturing, warehousing, and storage.
      5877 Compton Ave, Los Angeles, CA 90001
      View Details
    • $1,470,000
      7,350 SF

      Commercial Warehouse Space For Sale

      7,350 SF warehouse space for sale or lease.
      1830 E 58Th Pl, Los Angeles, CA 90001
      View Details
    • $850,000
      7,451 SF

      Los Angeles Commercial Property For Sale

      Commercial property with showroom, office, and tenant income potential.
      8132 S Central Ave, Los Angeles, CA 90001
      View Details

    Similar Nearby for Lease

    • $0.95 SF/Yr
      7,200 SF

      Industrial Space Near DTLA

      Warehouse, manufacturing, or creative space minutes from Downtown Los Angeles.
      1711-1723 E 58Th Pl, Los Angeles, CA 90001
      View Details
    • $0.75 SF/Yr
      12,190 SF

      Two-Story Office/Manufacturing Building For Rent

      Two-story office and garment manufacturing building with showroom and parking.
      2031 E 65Th St, Los Angeles, CA 90001
      View Details
    • Contact for pricing
      100,430 SF

      Industrial Warehouse Space Available

      New industrial space with high clearance and ample loading docks.
      6403 Wilmington Ave, Los Angeles, CA 90001
      View Details
    • $1.96 SF/Yr
      18,355 SF

      Warehouse, Flex, Creative Uses Available

      Free standing building near 110 Fwy with frontage.
      902 E 59Th St, Los Angeles, CA 90001
      View Details
    • $0.83 SF/Yr
      12,000 SF

      South L.A. Manufacturing/Warehouse

      South L.A. Manufacturing/Warehouse
      918 E 61st St, Los Angeles, Los Angeles, CA 90001
      View Details
    • $0.58 SF/Yr
      41,420 SF

      41,420 SF Truck Parking/Storage Yard Lot For Lease

      41,420 SF Truck Parking/Storage Yard Lot For Lease
      1808 E 58th Pl, Los Angeles, CA 90001
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1245 Florence Ave
    Los Angeles, CA 90001-2432
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.