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

    1304 2nd St Los Angeles, CA 90026-7003

    • High-rise multifamily apartments
    • 132,895 SF
    • 2.41 lot acres
    OFF-MARKET
    Value Estimations
    $6,165,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-0106068
    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

    • Chandra Smallwood, PharmD / Pharmacy
    • Victor Handyman / General Contractor
    • Belmont Station Apartments / Apartment Rental Agency / Housing Complex
    • M Pilates Method LLC / Gym & Fitness Center
    • Human Engine 3d Scanning and Character Creation Studio / Film Production

    Property Details for 1304 2nd St

    Year built
    2007
    Construction
    WOOD
    Lot size
    2.41 lot acres
    Property size
    132,895 SF
    Zone code
    LACW
    Property type
    High-rise multifamily apartments
    APN
    5152-007-047
    APU
    5152007047

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $5,298,000
      Market price range: $5.30M - $11.2M

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.259
    Latitude
    34.0608
    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
    2023
    $0.00
    $9
    $0.00
    $9
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,520,000
      51,753 SF

      505 Silver Lk Blvd

      HIGH-RISE APARTMENTS • 51,753 SF
      505 Silver Lk Blvd, Los Angeles, CA 90026-6183
      View Details
    • Value Estimation
      $2,345,000
      47,449 SF

      153 Glendale Blvd

      HIGH-RISE APARTMENTS • 47,449 SF
      153 Glendale Blvd, Los Angeles, CA 90026-7090
      View Details
    • Value Estimation
      $2,430,000
      111,490 SF

      111 Lucas Ave

      HIGH-RISE APARTMENTS • 111,490 SF
      111 Lucas Ave, Los Angeles, CA 90026-7136
      View Details
    • Value Estimation
      $760,000
      24,920 SF

      1304 2nd St

      HIGH-RISE APARTMENTS • 24,920 SF
      1304 2nd St, Los Angeles, CA 90026-7003
      View Details
    • Value Estimation by Request
      2.41 Acres

      1304 2nd St

      HIGH-RISE APARTMENTS • 2.41 Acres
      1304 2nd St, Los Angeles, CA 90026-7003
      View Details
    • Value Estimation
      $3,240,000
      68,269 SF

      1750 Glendale Blvd

      HIGH-RISE APARTMENTS • 68,269 SF
      1750 Glendale Blvd, Los Angeles, CA 90026-7492
      View Details

    Similar Nearby for Sale

    • $2,350,000

      Echo Park Multifamily Development Opportunity

      Prime double lot in Echo Park, Los Angeles for multifamily development.
      900 N Alvarado St, Los Angeles, CA 90026
      View Details
    • Contact for pricing
      3,158 SF

      Multifamily Property in Los Angeles

      Six-unit multifamily property with parking near Hollywood and downtown Los Angeles.
      126-128 N Lake St, Los Angeles, CA 90026
      View Details
    • $1,499,888
      3,343 SF

      Los Angeles Mixed-Use Property

      Mixed-use property in Los Angeles, CA, featuring commercial and residential units.
      1727 Bellevue Ave, Los Angeles, CA 90026
      View Details
    • Contact for pricing

      Silver Lake Mixed-Use Investment Opportunity

      Mixed-use property in Silver Lake with retail and residential units.
      2506 Sunset Blvd, Los Angeles, CA 90026
      View Details
    • Contact for pricing

      Echo Park 8-Unit Apartment Building

      Historic 8-unit apartment building in Echo Park, built in 1923.
      1325 Douglas St, Los Angeles, CA 90026
      View Details
    • $895,000
      2,208 SF

      Echo Park Multifamily Investment Opportunity

      Fully occupied five-unit apartment complex in Echo Park.
      Firmin St, Los Angeles, CA 90026
      View Details

    Similar Nearby for Lease

    • $2,850 /Mo
      650 SF

      Angelino Heights Carriage House Retreat

      Charming one-bedroom carriage house in vibrant Echo Park/Silver Lake area.
      1008 Douglas St, Los Angeles, CA 90026
      View Details
    • Contact for pricing
      6,940 SF

      Echo Park Creative Office Compound

      Prime Echo Park location, 6,940 sqft, on-site parking.
      1201 Alvarado St, Los Angeles, CA 90026
      View Details
    • Contact for pricing
      31,600 SF

      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
      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
    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.
    1304 2nd St
    Los Angeles, CA 90026-7003
    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.