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    1515 Colorado Blvd Los Angeles, CA 90041-1424

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    1515 Colorado Blvd Los Angeles, CA 90041-1424

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    • Investment properties
    • 6,388 SF
    • 0.22 lot acres
    Off-Market
    Last Sale Jan 16, 2026
    $1,625,000
    Property ID
    US09-8212223
    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
    $1,590,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • G & W Plumbing / Plumbing Service / General Contractor

    Property Details for 1515 Colorado Blvd

    Year built
    1924
    Construction
    WOOD
    Lot size
    0.22 lot acres
    Property size
    6,388 SF
    Zone code
    LAC4
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    5669-012-044
    APU
    5669012044

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,155,000
      6.5%
      $1,990,000
      7%
      $1,850,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,111,000
      Market price range: $1.11M - $2.95M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,125,000
      Current use
      RETAIL STORES
      $2,625,000
      Change: +23% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $2,235,000
      Change: +5% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.199
    Latitude
    34.1398
    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
    $11,176
    $234,561
    $535,917
    $770,478
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $610,000
      3,213 SF

      1514 Ave 46

      OFFICE/RESIDENTIAL (MIXED USE) • 3,213 SF
      1514 Ave 46, Los Angeles, CA 90041-3308
      View Details
    • Value Estimation
      $585,000
      2,200 SF

      2500 Colorado Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,200 SF
      2500 Colorado Blvd, Los Angeles, CA 90041-1005
      View Details
    • Value Estimation by Request
      2,122 SF

      4807 Eagle Rock Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,122 SF
      4807 Eagle Rock Blvd, Los Angeles, CA 90041-2620
      View Details
    • Value Estimation
      $685,000
      2,561 SF

      4320 Eagle Rock Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,561 SF
      4320 Eagle Rock Blvd, Los Angeles, CA 90041-3211
      View Details
    • Value Estimation
      $680,000
      2,561 SF

      4340 Eagle Rock Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,561 SF
      4340 Eagle Rock Blvd, Los Angeles, CA 90041-3211
      View Details
    • Value Estimation by Request
      2,960 SF

      1716 Colorado Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,960 SF
      1716 Colorado Blvd, Los Angeles, CA 90041-1338
      View Details

    Similar Nearby for Sale

    • $1,250,000
      1,617 SF

      Eagle Rock Commercial/Residential Opportunity

      Commercially zoned property ideal for live/work in Eagle Rock.
      1063 Colorado Blvd, Los Angeles, CA 90041
      View Details
    • $3,200,000
      10,016 SF

      +/- 10,016 SQUARE FEET OFFICE or MEDICAL BUILDING ADJACENT TO 134 FREEWAY For Sale/Lease

      +/- 10,016 SQUARE FEET OFFICE or MEDICAL BUILDING ADJACENT TO 134 FREEWAY For Sale/Lease
      800 Colorado Blvd, Los Angeles, CA 90041
      View Details
    • Contact for pricing
      5,694 SF

      Mixed-Use Property in Northeast LA

      Mixed-use property with commercial space and residential units in prime location.
      4315 Eagle Rock Blvd, Los Angeles, CA 90041
      View Details
    • $1,288,000
      Pending

      Eagle Rock Multi-Family Compound

      Multi-unit property in Eagle Rock with flexible living spaces.
      1345 Hepner Ave, Los Angeles, CA 90041
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    • $2,150,000

      Two-Story Office in Condominium Complex

      Two-story office in a cohesive community near Old Town Pasadena.
      930 Colorado Blvd, Los Angeles, CA 90041
      View Details
    • New
      $90,000
      12,365.00 Acres

      Highland Park Hillside Lot Opportunity

      12,365 SF hillside lot in desirable Highland Park.
      Wildwood A, Los Angeles, CA 90041
      View Details

    Similar Nearby for Lease

    • $4,000 /Mo

      New Eagle Rock ADU Rental

      New 2 bed, 2 bath ADU in Eagle Rock.
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      View Details
    • Contact for pricing

      Free Standing Building For Rent

      Freestanding building with office space available for rent.
      4440 York Blvd, Eagle Rock, CA 90041
      View Details
    • Contact for pricing

      Anchored Power Center Retail Space

      Retail redevelopment opportunity in dense urban area with freeway visibility.
      2700 Colorado Blvd, Los Angeles, CA 90041
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Single tenant retail space available, approximately 300,000 square feet.
      2700 Colorado Blvd, Los Angeles, CA 90041
      View Details
    • $2.00 SF/Yr
      4,500 SF

      Retail Space on Colorado Boulevard

      High-visibility retail space with street frontage available for lease.
      2751 Colorado Blvd, Los Angeles, CA 90041
      View Details
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    Los Angeles, CA 90041-1424
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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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