Add Listing
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

    1635 Beverly Gln Blvd Los Angeles, CA 90024-6164

    • Apartment buildings
    • 8,123 SF
    • 0.16 lot acres
    OFF-MARKET
    Last Sale
    Oct 30, 2023
    $5,780,057
    Value Estimations
    $5,605,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-6335261
    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

    • Apartment buildings

    Property Details for 1635 Beverly Gln Blvd

    Year built
    1950
    Construction
    WOOD
    Lot size
    0.16 lot acres
    Property size
    8,123 SF
    Zone code
    LAR3
    Property type
    Apartment buildings
    APN
    4327-005-021
    APU
    4327005021

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,415,000
      ML approach
      $5,440,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,673,000
      Market price range: $2.17M - $4.67M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $3,385,000
      Current use
      RESTAURANT
      $6,680,000
      Change: +97% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $4,415,000
      Change: +30% Conversion: Difficult
      OFFICE BUILDING
      $4,075,000
      Change: +20% Conversion: Moderate
      MEDICAL BUILDING
      $3,700,000
      Change: +9% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $3,440,000
      Change: +2% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.425
    Latitude
    34.0588
    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
    $70,728
    $5,000,000
    $780,440
    $5,780,440
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      9,118 SF

      511 Glenrock Ave

      APARTMENT HOUSE (5+ UNITS) • 9,118 SF
      511 Glenrock Ave, Los Angeles, CA 90024-2143
      View Details
    • Value Estimation
      $1,345,000
      33,885 SF

      415 Gayley Ave

      APARTMENT HOUSE (5+ UNITS) • 33,885 SF
      415 Gayley Ave, Los Angeles, CA 90024-2008
      View Details
    • Value Estimation
      $670,000
      34,712 SF

      475 Gayley Ave

      APARTMENT HOUSE (5+ UNITS) • 34,712 SF
      475 Gayley Ave, Los Angeles, CA 90024-2083
      View Details
    • Value Estimation
      $780,000
      18,600 SF

      437 Gayley Ave

      APARTMENT HOUSE (5+ UNITS) • 18,600 SF
      437 Gayley Ave, Los Angeles, CA 90024-2090
      View Details
    • Value Estimation by Request
      17,976 SF

      10980 Ohio Ave

      APARTMENT HOUSE (5+ UNITS) • 17,976 SF
      10980 Ohio Ave, Los Angeles, CA 90024-5582
      View Details
    • Value Estimation by Request
      5,300 SF

      10755 Ohio Ave

      APARTMENT HOUSE (5+ UNITS) • 5,300 SF
      10755 Ohio Ave, Los Angeles, CA 90024-5053
      View Details

    Similar Nearby for Sale

    • $1,175,000

      Remodeled Apartment in Westwood

      Spacious apartment near Century City, Santa Monica, and UCLA.
      1657 Malcolm Ave, Los Angeles, CA 90024
      View Details
    • $2,195,000

      Multifamily Property with Five Units

      Multifamily property featuring five units, offered for sale.
      10361 Ashton Ave, Los Angeles, CA 90024
      View Details
    • New
      $5,350,000
      16,309 SF

      Westwood Multifamily Investment Opportunity

      Exceptional 12-unit apartment building in prime Westside location.
      1630 Hilts Ave, Los Angeles, CA 90024
      View Details
    • $2,050,000
      4,250 SF

      Los Angeles Multifamily Investment Property

      Four-unit multifamily property in Los Angeles.
      10357 Ashton Ave, Los Angeles, CA 90024
      View Details
    • New
      $2,395,000
      2,791 SF

      Mid-Century Triplex Near UCLA

      Los Angeles triplex ideal for owner/user or investment.
      1621 Manning Ave, Los Angeles, CA 90024
      View Details
    • $2,110,000

      Westwood Triplex with 1930s Charm

      Classic triplex in prime Westwood location near UCLA.
      10743-47 Ohio Ave, Los Angeles, CA 90024
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      1033 Gayley Ave, Unit 107

      1033 Gayley Ave, Suite 107 Los Angeles CA 90024
      1033 Gayley Ave, Los Angeles, CA 90024
      View Details
    • Contact for pricing

      1033 Gayley Ave, Unit 104

      1033 Gayley Ave, Suite 104 Los Angeles CA 90024
      1033 Gayley Ave, Los Angeles, CA 90024
      View Details
    • Contact for pricing

      Creative Office in Westwood Village

      Freestanding creative office building near UCLA with ample parking.
      900 Hilgard Ave, Los Angeles, CA 90024
      View Details
    • Contact for pricing

      1033 Gayley Ave, Unit 200

      1033 Gayley Ave, Suite 200 Los Angeles CA 90024
      1033 Gayley Ave, Los Angeles, CA 90024
      View Details
    • Contact for pricing

      1033 Gayley Ave, Unit 109

      1033 Gayley Ave, Suite 109 Los Angeles CA 90024
      1033 Gayley Ave, Los Angeles, CA 90024
      View Details
    • Contact for pricing
      2,580 SF

      High-End Salon Space Available

      Retail space suitable for a high-end hair salon.
      1061-1065 Broxton Ave, Los Angeles, CA 90024
      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.
    1635 Beverly Gln Blvd
    Los Angeles, CA 90024-6164
    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!