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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1499 Robertson Blvd Los Angeles, CA 90035-3413

    • Investment properties
    • 3,693 SF
    • 0.11 lot acres
    OFF-MARKET
    Last Sale
    Jul 22, 2024
    Value Estimations
    $240,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-0255363
    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

    • JOJO DESIGN STUDIO / Wallpaper Store / Interior Designer

    Property Details for 1499 Robertson Blvd

    Year built
    1949
    Construction
    WOOD
    Lot size
    0.11 lot acres
    Property size
    3,693 SF
    Zone code
    LAC2
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    4305-014-056
    APU
    4305014056

    Description

    This exceptional retail space, located at 1499 S Robertson Blvd, offers a fantastic opportunity for a variety of businesses. Situated in a high-visibility corner location, this 1,400 square foot storefront benefits from substantial pedestrian and vehicular traffic. Its proximity to Beverly Hills and easy freeway access ensure excellent exposure to a desirable demographic. The space boasts abundant natural light thanks to a wall of large windows and features exposed beam ceilings, creating a stylish and inviting atmosphere. The property is available for lease at the end of November and is offered as-is. A wide range of uses are permitted, including retail, service-oriented businesses, showrooms, restaurants, coffee shops, and other food-related or commercial ventures. For added convenience, an additional 600 square feet of storage space is available for an extra $1050 per month. The landlord does not guarantee the accuracy of square footage or other property information; prospective tenants are advised to verify details independently.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $270,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $208,000
      Market price range: $170k - $469k

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.384
    Latitude
    34.0524
    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
    $11,621
    $587,533
    $332,373
    $919,906
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $375,000
      14,149 SF

      1501 La Cienega Blvd

      STORE/OFFICE (MIXED USE) • 14,149 SF
      1501 La Cienega Blvd, Los Angeles, CA 90035-3787
      View Details
    • Value Estimation
      $260,000
      5,708 SF

      1743 La Cienega Blvd

      STORE/OFFICE (MIXED USE) • 5,708 SF
      1743 La Cienega Blvd, Los Angeles, CA 90035-4655
      View Details
    • Value Estimation
      $295,000
      2,003 SF

      1117 Robertson Blvd

      STORE/OFFICE (MIXED USE) • 2,003 SF
      1117 Robertson Blvd, Los Angeles, CA 90035-1403
      View Details
    • Value Estimation
      $500,000
      4,750 SF

      850 Robertson Blvd

      STORE/OFFICE (MIXED USE) • 4,750 SF
      850 Robertson Blvd, Los Angeles, CA 90035-1641
      View Details
    • Value Estimation
      $360,000
      3,328 SF

      9060 Pico Blvd

      STORE/OFFICE (MIXED USE) • 3,328 SF
      9060 Pico Blvd, Los Angeles, CA 90035-1310
      View Details
    • Value Estimation
      $265,000
      9,683 SF

      1640 La Cienega Blvd

      STORE/OFFICE (MIXED USE) • 9,683 SF
      1640 La Cienega Blvd, Los Angeles, CA 90035-4552
      View Details

    Similar Nearby for Sale

    • $3,590,000

      Mixed-Use Development Opportunity Near Beverly Hills

      Mixed-use development opportunity near Beverly Hills with RTI permits included.
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      3,450 SF Prime West Pico Restaurant/Bakery Opportunity For Sale

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      Beverlywood Apartment Building with Potential

      Charming eight-unit Spanish-style apartment building in a desirable location.
      8553 Alcott St, Los Angeles, CA 90035
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    • $3,475,000
      0.17 Acres

      Beverly Hills Adjacent Vacant Land

      Vacant land suitable for medical, office, and other uses.
      1044 S Robertson Blvd, Los Angeles, CA 90035
      View Details
    • $1,900,000
      6,710 SF

      Pico-Robertson Multifamily Investment Opportunity

      Well-maintained 8-unit apartment building in prime Los Angeles location.
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    • Contact for pricing

      Development Opportunity in Pico-Robertson

      Development opportunity to build up to 16 units.
      1427 S Bedford St, Los Angeles, CA 90035
      View Details

    Similar Nearby for Lease

    • $2,100 /Mo

      Spacious Top Floor Apartment

      Bright, airy 1-BR apartment near Beverly Hills with parking.
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    • $43 SF/Yr
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      LA Prime Creative Office Suites

      Historic LA Office, Flexible Spaces
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      View Details
    • Contact for pricing
      2,500 SF

      Office Space Available For Rent

      2nd floor office space available in Los Angeles.
      12000 W Pico Blvd, Los Angeles, CA 90035
      View Details
    • $0.75 SF/Yr
      9,800 SF

      Fenced Yard on Pico Blvd

      Fenced and paved yard suitable for parking and storage.
      9740 W Pico Blvd, Los Angeles, CA 90035
      View Details
    • $36 SF/Yr
      1,500 SF

      La Cienega Blvd Retail Space For Lease

      1,500 SF Retail Space, High Visibility
      1449 La Cienega Blvd, Los Angeles, CA 90035
      View Details
    • $3 SF/Yr
      1,660 SF

      Prime West Pico Location: 2 Retail Stores

      Prime West Pico Location: 2 Retail Stores
      5994 W Pico Blvd, Los Angeles, CA 90035
      View Details
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    Los Angeles, CA 90035-3413
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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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