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

    15424 Sunset Blvd Pacific Palisades, CA 90272-3539

    • Grocery and convenience stores
    • 40,339 SF
    • 2.08 lot acres
    OFF-MARKET
    Last Sale
    May 25, 2023
    Value Estimations
    $11,175,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-8807423
    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

    • Grocery and convenience stores

    Property Details for 15424 Sunset Blvd

    Year built
    1978
    Construction
    TILT-UP CONCRETE
    Lot size
    2.08 lot acres
    Property size
    40,339 SF
    Zone code
    LAC2
    Property type
    Grocery and convenience stores
    APN
    4412-001-017
    APU
    4412001017

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $14,875,000
      6.5%
      $13,730,000
      7%
      $12,750,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $15,460,000
      Current use
      MEDICAL BUILDING
      $18,335,000
      Change: +19% Conversion: Difficult
      OFFICE BUILDING
      $18,095,000
      Change: +17% Conversion: Easy
      COMMERCIAL (GENERAL)
      $12,465,000
      Change: -19% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Pacific Palisades
    County
    Los Angeles
    State
    California
    Longitude
    -118.528
    Latitude
    34.0477
    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
    $681,469
    $44,982,000
    $10,200,000
    $55,182,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,675,000
      24,750 SF

      17380 Sunset Blvd

      GROCERY, SUPERMARKET • 24,750 SF
      17380 Sunset Blvd, Pacific Palisades, CA 90272-4102
      View Details
    • Value Estimation
      $3,095,000
      20,491 SF

      15120 Sunset Blvd

      GROCERY, SUPERMARKET • 20,491 SF
      15120 Sunset Blvd, Pacific Palisades, CA 90272-3720
      View Details
    • Value Estimation by Request
      1,924 SF

      17361 Sunset Blvd

      FINANCIAL BUILDING • 1,924 SF
      17361 Sunset Blvd, Pacific Palisades, CA 90272-4101
      View Details
    • Value Estimation by Request
      2,940 SF

      16638 Marquez Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,940 SF
      16638 Marquez Ave, Pacific Palisades, CA 90272
      View Details
    • Value Estimation by Request
      1,090 SF

      17374 Sunset Blvd

      RETAIL STORES (PERSONAL SERVICES) • 1,090 SF
      17374 Sunset Blvd, Pacific Palisades, CA 90272-4102
      View Details
    • Value Estimation
      $2,190,000
      11,731 SF

      15140 Sunset Blvd

      RETAIL STORES (PERSONAL SERVICES) • 11,731 SF
      15140 Sunset Blvd, Pacific Palisades, CA 90272-3720
      View Details

    Similar Nearby for Sale

    • $3,195,000
      0.17 Acres

      Pacific Palisades Land Opportunity

      Land in Pacific Palisades to build your dream home.
      527 Via De La Paz, Pacific Palisades, CA 90272
      View Details
    • $2,850,000
      0.23 Acres

      Pacific Palisades Land with Views

      Land with panoramic views in desirable Castellammare Mesa.
      224 Quadro Vecchio Dr, Pacific Palisades, CA 90272
      View Details
    • $1,850,000
      0.26 Acres

      Pacific Palisades Rebuild Opportunity

      Expansive lot ready for custom residence in prime location.
      1039 Las Pulgas Rd, Pacific Palisades, CA 90272
      View Details
    • $1,425,000
      0.15 Acres

      Pacific Palisades Coastal Home Opportunity

      Land in prime location to build a custom coastal home.
      575 N Marquette St, Pacific Palisades, CA 90272
      View Details
    • $1,490,000
      6,246.00 Acres

      Coastal Vacant Lot Opportunity

      Vacant lot near the water in Pacific Palisades.
      17900 Porto Marina Way, Pacific Palisades, CA 90272
      View Details
    • $1,649,000
      0.20 Acres

      Ocean View Land in Palisades

      Remarkable 8,518 sq. ft. lot with ocean views.
      16510 Chattanooga Pl, Pacific Palisades, CA 90272
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,486 SF

      Retail Property in Pacific Palisades

      Retail property available for lease in Pacific Palisades, California.
      530 Palisades Dr, Pacific Palisades, CA 90272
      View Details
    • $5 SF/Yr
      9,099 SF

      Prime Pacific Palisades Office Space

      9,099 SF Freestanding Retail/Office
      15150 Sunset Blvd, Los Angeles, CA 90272
      View Details
    • Contact for pricing

      Retail Space with Drive-Thru

      One-story retail space with drive-thru and street frontage.
      Los Angeles, CA 90272
      View Details
    • Contact for pricing

      Prime Retail Space in Palisades

      Divisible retail space in the iconic Clock Tower, prime location.
      15207 Sunset Blvd, Los Angeles, CA 90272
      View Details
    • $49 SF/Yr
      11,448 SF

      Monument St Office Suite 110

      Prime LA Office Space: 1,100-2,200 sq ft
      984 Monument St, Los Angeles, CA 90272
      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.
    15424 Sunset Blvd
    Pacific Palisades, CA 90272-3539
    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!