Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    131 La Brea Ave Los Angeles, CA 90036-2909

    • Investment properties
    • 7,106 SF
    • 0.19 lot acres
    OFF-MARKET
    Value Estimations
    $1,710,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-8206198
    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

    • BURGERS 99 / Restaurant
    • Evolution Physical Therapy & Fitness Los Angeles - La Brea / Medical Clinic
    • Athletic Evolution / Gym & Fitness Center
    • Ephemeral Tattoo / Tattoo & Piercing Shop

    Property Details for 131 La Brea Ave

    Year built
    1951
    Construction
    WOOD
    Lot size
    0.19 lot acres
    Property size
    7,106 SF
    Zone code
    LAC2
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    5513-019-010
    APU
    5513019010

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,400,000
      6.5%
      $2,215,000
      7%
      $2,055,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,130,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $2,070,000
      Change: -3% 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
    -118.344
    Latitude
    34.0725
    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
    $66,996
    $4,778,881
    $682,695
    $5,461,576
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,190,000
      4,790 SF

      7373 Beverly Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 4,790 SF
      7373 Beverly Blvd, Los Angeles, CA 90036-2502
      View Details
    • Value Estimation
      $20,200,000
      472,363 SF

      5200 Wilshire Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 472,363 SF
      5200 Wilshire Blvd, Los Angeles, CA 90036-4498
      View Details
    • Value Estimation
      $810,000
      5,883 SF

      6301 3rd St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,883 SF
      6301 3rd St, Los Angeles, CA 90036-3154
      View Details
    • Value Estimation
      $1,350,000
      10,812 SF

      5301 8th St

      OFFICE/RESIDENTIAL (MIXED USE) • 10,812 SF
      5301 8th St, Los Angeles, CA 90036-4836
      View Details
    • Value Estimation
      $2,050,000
      16,282 SF

      827 La Brea Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 16,282 SF
      827 La Brea Ave, Los Angeles, CA 90036
      View Details
    • Value Estimation
      $1,515,000
      6,310 SF

      7218 Beverly Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 6,310 SF
      7218 Beverly Blvd, Los Angeles, CA 90036-2558
      View Details

    Similar Nearby for Sale

    • $3,950,000
      2,304 SF

      Los Angeles Hospitality Investment Opportunity

      Boutique motel in Miracle Mile with development potential.
      5850 W Olympic Blvd, Los Angeles, CA 90036
      View Details
    • $1,595,000
      3,041 SF

      Mid-Wilshire Triplex For Sale

      Three-unit property in a central Los Angeles location.
      854 Alandele Ave, Los Angeles, CA 90036
      View Details
    • $2,375,000
      5,194 SF

      Classic Duplex in Coveted Neighborhood

      1937 duplex with modern upgrades in prime Los Angeles location.
      361 N Mansfield Ave, Los Angeles, CA 90036
      View Details
    • $2,495,000
      Pending

      Spacious Duplex in Prime Location

      Bright duplex with remodeled unit, large lot, and garage.
      183 S Detroit St, Los Angeles, CA 90036
      View Details
    • Contact for pricing

      Fairfax District Retail Investment Opportunity

      Retail building in Fairfax District near Miracle Mile for sale.
      565 S Fairfax Ave, Los Angeles, CA 90036
      View Details
    • Contact for pricing
      1,400 SF

      Retail/Office Space on La Brea

      Storefront retail or office space available for purchase.
      152-154 N La Brea Ave, Los Angeles, CA 90036
      View Details

    Similar Nearby for Lease

    • $46 SF/Yr
      72,000 SF

      Wilshire Blvd Executive Office Suites

      Prestigious Miracle Mile Office Space Available
      5410 Wilshire Blvd, Los Angeles, CA 90036
      View Details
    • Contact for pricing
      53,994 SF

      Fairfax Ave Executive Suites

      Premium LA Office Space Available
      145 Fairfax Ave, Los Angeles, CA 90036
      View Details
    • Contact for pricing
      4,800 SF

      Retail Building For Lease

      Proposed retail building with 4,800 square feet available for rent.
      1410 N Highland Ave, Los Angeles, CA 90036
      View Details
    • Contact for pricing
      2,654 SF

      Creative Office Space with Rooftop

      Second floor creative office space with furnished rooftop.
      7257 Beverly Blvd, Los Angeles, CA 90036
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space Available For Rent

      Retail space available for rent in Los Angeles, CA.
      138-144 S La Brea Ave, Los Angeles, CA 90036
      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.
    131 La Brea Ave
    Los Angeles, CA 90036-2909
    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.
    Sign Up Successful!
    You now have access to more from Realmo!