Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1700 Hillhurst Ave Los Angeles, CA 90027-4419
    Back to Search
    Property profile & analytics

    1700 Hillhurst Ave, Los Angeles, CA 90027-4419

    View on Map
    • Turn key restaurants
    • 4,395 SF
    • 0.17 lot acres
    Off-Market
    Last Sale Apr 26, 2023
    Property ID
    US09-6799795
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Desert Rose / Restaurant

    Property Details for 1700 Hillhurst Ave

    Year built
    1959
    Construction
    TILT-UP CONCRETE
    Lot size
    0.17 lot acres
    Zone code
    LAC4
    Property type
    Turn key restaurants
    APN
    5590-024-023
    APU
    5590024023

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 26, 2023 — William Kaloostian Aida Shirinian Affidavit Death Of Trustee/successor Trustee —
    May 14, 2012 — Kaloostian Trust Kaloostian Family Trust Quit Claim Deed · related —
    Nov 23, 2004 $1,225,000 Kaloostian Family Trust Lay Family Trust Grant Deed —
    Dec 24, 2003 — Lay,tr Lay,tom & Lynn Quit Claim Deed · related —
    Sep 29, 2003 $600,000 Tom Lay Lewis,tr Grant Deed —
    Apr 22, 1993 — Lewis Helen — Deed Of Trust · related —
    — — Kaloostian Family Trust — Deed Of Trust · related $900k · Professional Business Bank
    — — Tom Lay — Deed Of Trust · related $150k · Chea & Fungtou T Lay
    Sep 2, 1959 — — — Grant Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.287
    Latitude
    34.102
    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
    $21,222
    $1,366,581
    $340,967
    $1,707,548
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      4,570 SF

      2601 Hyperion Ave

      RESTAURANT
      2601 Hyperion Ave, Los Angeles, CA 90027
      View Details
    • Value Estimation by Request
      6,210 SF

      1767 Vermont Ave

      RESTAURANT
      1767 Vermont Ave, Los Angeles, CA 90027-4305
      View Details
    • Value Estimation by Request
      2,301 SF

      1920 Hyperion Ave

      RESTAURANT
      1920 Hyperion Ave, Los Angeles, CA 90027-4740
      View Details
    • Value Estimation by Request
      1,276 SF

      2030 Hillhurst Ave

      RESTAURANT
      2030 Hillhurst Ave, Los Angeles, CA 90027-2719
      View Details
    • Value Estimation by Request
      8,056 SF

      1858 Vermont Ave

      RESTAURANT
      1858 Vermont Ave, Los Angeles, CA 90027-4215
      View Details
    • Value Estimation
      $9,815,000
      106,164 SF

      5450 Sunset Blvd

      RESTAURANT
      5450 Sunset Blvd, Los Angeles, CA 90027-5614
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      24,400 SF

      Redevelopment Project with Retail, Apartments

      Assembled redevelopment project with apartments and retail in Los Angeles.
      5001-5019 N Alexandria Ave, Los Angeles, CA 90027
      View Details
    • $100,000

      Established Smoke Shop on Sunset

      Prime Los Angeles retail space on Sunset Boulevard for sale.
      5133 W Sunset Blvd, Los Angeles, CA 90027
      View Details
    • Contact for pricing

      Established Body Shop on Hollywood

      Body shop specializing in car wrapping, paint, and window tinting.
      5035 Hollywood Blvd, Los Feliz, CA 90027
      View Details
    • Contact for pricing
      12,946 SF

      Mixed-Use Retail and Apartment Building

      12,946 SF mixed-use building in Los Feliz, California.
      4673 Hollywood Blvd, Los Angeles, CA 90027
      View Details
    • $999,000

      Land For Sale

      Land available for purchase in Pacific Palisades, California.
      17860 W Lecco Ln, Pacific Palisades, CA 90027
      View Details

    Similar Nearby for Lease

    • $69 SF/Yr
      12,103 SF

      Hollywood Blvd Retail Spaces

      Prime LA Retail, Restaurant, Fitness
      4900 Hollywood Blvd, Los Angeles, CA 90027
      View Details
    • Contact for pricing

      Sunset Blvd Retail/Restaurant Space

      Retail, restaurant, or medical space available in renovated neighborhood center.
      5214-5232 Sunset Blvd, Los Angeles, CA 90027
      View Details
    • Contact for pricing
      900 SF

      Retail Space on Hollywood Boulevard

      First floor end cap retail space available for rent.
      5001 Hollywood Blvd, Los Angeles, CA 90027
      View Details
    • Contact for pricing

      Retail Space on Sunset Boulevard

      Retail space available, 1300 SqFt, Sunset Blvd location.
      5300 Sunset Blvd, Los Angeles, CA 90027
      View Details
    • $2 SF/Yr
      8,062 SF

      Kenmore Avenue Parking and Outdoor

      6,757 SF lot for parking and outdoor area available.
      1512 N Alexandria Ave, Los Angeles, CA 90027
      View Details
    • Contact for pricing

      Fully Leased Retail Space

      Retail property is 100% leased with no current availability.
      4435-4441 Sunset Blvd, Los Angeles, CA 90027
      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.
    1700 Hillhurst Ave
    Los Angeles, CA 90027-4419
    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

    Thank You for Inquiry
    1700 Hillhurst Ave, Los Angeles, CA, 90027
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!