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    1705 Pico Blvd Los Angeles, CA 90015-2411
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    Property profile & analytics

    1705 Pico Blvd Los Angeles, CA 90015-2411

    View on Map
    • Retail space
    • 3,692 SF
    • 0.14 lot acres
    Off-Market
    Property ID
    US09-7680974
    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
    $645,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Beverly Hills Auto Detail / Car Wash
    • Galadriel Mattei / (Bike/Boat/Book/etc) Store

    Property Details for 1705 Pico Blvd

    Year built
    1941
    Construction
    TILT-UP CONCRETE
    Lot size
    0.14 lot acres
    Property size
    3,692 SF
    Zone code
    LACM
    Property type
    Retail space
    APN
    5137-033-027
    APU
    5137033027

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $820,000
      Market price range: $820k - $3.00M

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.278
    Latitude
    34.0455
    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
    $5,246
    $270,332
    $87,888
    $358,220
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,915,000
      24,105 SF

      901 Hl St

      RETAIL STORES (PERSONAL SERVICES) • 24,105 SF
      901 Hl St, Los Angeles, CA 90015-1611
      View Details
    • Value Estimation
      $1,410,000
      4,950 SF

      312 12th St

      RETAIL STORES (PERSONAL SERVICES) • 4,950 SF
      312 12th St, Los Angeles, CA 90015-2591
      View Details
    • Value Estimation
      $2,305,000
      8,242 SF

      624 12th St

      RETAIL STORES (PERSONAL SERVICES) • 8,242 SF
      624 12th St, Los Angeles, CA 90015-2608
      View Details
    • Value Estimation
      $3,490,000
      15,370 SF

      1122 Wall St

      RETAIL STORES (PERSONAL SERVICES) • 15,370 SF
      1122 Wall St, Los Angeles, CA 90015-2342
      View Details
    • Value Estimation
      $1,055,000
      6,000 SF

      920 Olive St

      RETAIL STORES (PERSONAL SERVICES) • 6,000 SF
      920 Olive St, Los Angeles, CA 90015-1604
      View Details
    • Value Estimation
      $570,000
      2,067 SF

      1354 Grand Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,067 SF
      1354 Grand Ave, Los Angeles, CA 90015-3009
      View Details

    Similar Nearby for Sale

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      1,800 SF

      Retail Space Available

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      Retail Space in Fashion District

      Retail space for sale in the heart of Fashion District.
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      Retail Space For Sale

      7,500 SF retail space available for purchase.
      1149-1151 Santee St, Los Angeles, CA 90015
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      2,032 SF

      Retail Space with High-End Finishes

      Retail space featuring high-end flooring and finishes available for rent.
      518-536 E 11Th St, Los Angeles, CA 90015
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    • $3,900,000
      7,314 SF

      Retail Building on Pico Boulevard

      Freestanding retail building with potential for multiple units.
      6035 W Pico Blvd, Los Angeles, CA 90015
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    • $2,300,000
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      Downtown Los Angeles Retail/Industrial Property

      Prime Downtown Los Angeles industrial/retail property for sale.
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    Similar Nearby for Lease

    • Contact for pricing
      2,828 SF

      Retail/Restaurant Drive Through Space

      Retail or restaurant space with drive-through and signage available.
      7201 S Figueroa St, Los Angeles, CA 90015
      View Details
    • $2 SF/Yr

      Prime Corner Retail Space Downtown

      11,200 SF retail space in a dynamic, walkable neighborhood.
      1059 South Main St, Los Angeles, CA 90015
      View Details
    • Contact for pricing
      3,536 SF

      Retail Space on Pico Blvd

      Ground floor retail space available for rent in Los Angeles.
      3057 W Pico Blvd, Los Angeles, CA 90015
      View Details
    • $1.68 SF/Yr
      2,500 SF

      Flexible Commercial Space For Lease

      Clean corner space with fenced parking, easy access to showrooms.
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      View Details
    • Contact for pricing
      1,350 SF

      Retail/Office Space Corner Location

      Retail/office space with loading door access and 14' clearance.
      1657 Venice Blvd, Los Angeles, CA 90015
      View Details
    • $4,950 /Mo
      1,400 SF

      Retail Space in Downtown Los

      Retail/food/fitness space in mixed-use building near LA Convention Center.
      Figueroa St, Los Angeles, CA 90015
      View Details
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    Los Angeles, CA 90015-2411
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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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