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    1253 Vine St Los Angeles, CA 90038
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    Property profile & analytics

    1253 Vine St Los Angeles, CA 90038

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    • Investment properties
    • 33,362 SF
    • 1.09 lot acres
    For Lease
    $15,510,000
    View Listing →
    Hollywood Retail and Office Space For Lease
    $15,510,000

    Hollywood Retail and Office Space

    Retail and office spaces available for lease in Hollywood.

    1253 Vine St, Los Angeles, CA 90038
    View Listing
    Property ID
    US09-7686525
    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
    $15,510,000
    Cap Rate Potential
    3.9%
    Investment properties
    Location Intelligence

    Current Use by Public Records

    • TY Amish furniture store / Home Decor Store / Furniture & Home Goods
    • Dr. Francisco Ilem Jr, DMD / Dental Office
    • Sereechai Newspaper / Publishing House / Newspaper & Magazine
    • King's Thai Food / Restaurant
    • Doomie's Home Cookin' / Restaurant

    Property Details for 1253 Vine St

    Year built
    1984
    Construction
    TILT-UP CONCRETE
    Lot size
    1.09 lot acres
    Property size
    33,362 SF
    Zone code
    LAC2
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    5533-005-051
    APU
    5533005051

    Description

    This exceptional Los Angeles County property, located at 1253 Vine Street, 90038, offers 13,841 square feet of versatile commercial space ideal for medical offices. The building features seven suites, with a minimum divisible space of 1,185 square feet and a maximum contiguous space of 2,535 square feet. Currently, a significant portion of the building, totaling 12,506 square feet, is available for lease. The property is categorized as both retail and office, making it suitable for a variety of medical and commercial uses. Its location in the vibrant Hollywood area provides excellent visibility and accessibility. The multiple tenancy structure allows for flexibility in lease terms and space configurations. This is a unique opportunity to secure prime commercial real estate in a high-demand Los Angeles location. The property's diverse zoning allows for a range of uses, including fitness, medical, office, retail, and restaurant establishments. Interested parties should inquire about available suite sizes and lease terms. This property presents a compelling investment opportunity in a thriving market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $17,390,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $11,260,000
      6.5%
      $10,395,000
      7%
      $9,650,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $9,311,000
      Market price range: $1.24M - $11.6M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $20,825,000
      Current use
      AUTO REPAIR, GARAGE
      $18,135,000
      Change: -13% Conversion: Difficult
      OFFICE BUILDING
      $16,745,000
      Change: -20% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.327
    Latitude
    34.0941
    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
    $243,705
    $12,008,662
    $6,218,770
    $18,227,432
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $860,000
      3,856 SF

      736 Highland Ave

      STORE/OFFICE (MIXED USE) • 3,856 SF
      736 Highland Ave, Los Angeles, CA 90038-3415
      View Details
    • Value Estimation by Request
      12,840 SF

      729 Seward St

      STORE/OFFICE (MIXED USE) • 12,840 SF
      729 Seward St, Los Angeles, CA 90038-3503
      View Details
    • Value Estimation
      $1,365,000
      1,944 SF

      6170 Santa Monica Blvd

      STORE/OFFICE (MIXED USE) • 1,944 SF
      6170 Santa Monica Blvd, Los Angeles, CA 90038-1712
      View Details
    • Value Estimation
      $660,000
      2,999 SF

      1119 Las Palmas Ave

      STORE/OFFICE (MIXED USE) • 2,999 SF
      1119 Las Palmas Ave, Los Angeles, CA 90038-1208
      View Details
    • Value Estimation
      $3,605,000
      6,498 SF

      5901 Melrose Ave

      STORE/OFFICE (MIXED USE) • 6,498 SF
      5901 Melrose Ave, Los Angeles, CA 90038-3611
      View Details
    • Value Estimation
      $8,770,000
      8,446 SF

      5735 Melrose Ave

      STORE/OFFICE (MIXED USE) • 8,446 SF
      5735 Melrose Ave, Los Angeles, CA 90038-3807
      View Details

    Similar Nearby for Sale

    • $35,000,000

      Prime Hollywood/West Hollywood Development Opportunity

      1.83-acre development site near entertainment hubs and walkable amenities.
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      Opportunity Zone Development Potential

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      Hollywood Development Opportunity

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      5,262 SF

      Hollywood Multifamily Investment Opportunity

      Six-unit apartment building in prime Hollywood location with income potential.
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      Hollywood Multifamily Investment Opportunity

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    Similar Nearby for Lease

    • Contact for pricing

      La Brea Avenue Retail/Parking

      Retail and parking spaces available on La Brea Avenue.
      800 N La Brea Ave, Los Angeles, CA 90038
      View Details
    • Contact for pricing
      3,960 SF

      Retail Property 100% Leased

      Retail property in Los Angeles, currently 100% leased.
      712-718 N La Brea Ave, Los Angeles, CA 90038
      View Details
    • $3 SF/Yr

      Prime Retail Space in Hollywood

      Centrally located retail space with high visibility and foot traffic.
      831 Highland Ave, Los Angeles, CA 90038
      View Details
    • Contact for pricing

      CA, West Hollywood - Spaces La Brea

      Workspaces, services and support to help you grow your business in Spaces Commerce Square
      925 La Brea Ave, Los Angeles, CA 90038
      View Details
    • Contact for pricing
      616 SF

      Office Space Available For Rent

      616 square foot office space available for rent.
      830 N Seward St, Los Angeles, CA 90038
      View Details
    • Contact for pricing

      West Hollywood Office Space Available

      Office space for rent in prime West Hollywood location.
      925 N La Brea Ave, West Hollywood, CA 90038
      View Details
    View Listing
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    1253 Vine St
    Los Angeles, CA 90038
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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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