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    1833 Vernon Ave Los Angeles, CA 90058-1544
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    Property profile & analytics

    1833 Vernon Ave, Los Angeles, CA 90058-1544

    View on Map
    • Retail space
    • 5,968 SF
    • 0.31 lot acres
    Off-Market
    Property ID
    US09-6346352
    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
    $1,575,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • 7AM AUDIO and WINDOW TINTING / Electronics & Wireless Store / Auto Parts Store
    • Splash Smoothie / Cafe & Coffee Shop / Take-out & Catering

    Property Details for 1833 Vernon Ave

    Year built
    2008
    Construction
    WOOD
    Lot size
    0.31 lot acres
    Zone code
    LAM2
    Property type
    Retail space
    APN
    5116-023-030
    APU
    5116023030

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 29, 2015 $692,500 Alameda Plaza II INC Alameda Investment Property Ll Grant Deed —
    Nov 16, 2011 — Alameda Investment Prop LLC Ekmekchian,hakop Grant Deed —
    Oct 13, 2011 — Hakop Ekmekchian Ekmekchian,aida Quit Claim Deed · related —
    Oct 12, 2011 — Hakop Ekmekchian Alameda Investment Prop LLC Grant Deed $300k · Ok LLC
    Feb 22, 2008 — Alameda Inv Property LLC — Trustees Deed · related $750k · Discovery Bank
    Oct 26, 2005 — Alameda Investment Prop LLC Ekmekchian,hakop & Aida Quit Claim Deed · related —
    Sep 8, 2004 — Rachel A Redish-cormack Cormack,duncan Quit Claim Deed · related —
    Sep 8, 2004 $600,000 Hakop Ekmekchian Redish-cormack,rachel A Grant Deed —
    — — Alameda Investment Prop LLC — Deed Of Trust · related $1.1M · Pacific Trust Bank
    — — Hakop Ekmekchian — Deed Of Trust · related $240k · Cedars Bank
    — — Hakop Ekmekchian — Deed Of Trust · related $150k · Bank Of America
    Jul 9, 1968 $11,500 — — Grant Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,310,000
      6.5%
      $2,130,000
      7%
      $1,980,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $2,450,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $2,530,000
      Change: +3% 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
    -118.24
    Latitude
    34.0042
    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
    $25,041
    $1,200,042
    $784,553
    $1,984,595
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $4,170,000
      14,102 SF

      2529 Santa Fe Ave

      RETAIL STORES (PERSONAL SERVICES)
      2529 Santa Fe Ave, Vernon, CA 90058-1115
      View Details
    • Value Estimation
      $1,560,000
      6,876 SF

      4339 Long Bch Ave

      RETAIL STORES (PERSONAL SERVICES)
      4339 Long Bch Ave, Los Angeles, CA 90058-1511
      View Details
    • Value Estimation by Request
      2,443 SF

      5227 Long Bch Ave

      RETAIL STORES (PERSONAL SERVICES)
      5227 Long Bch Ave, Los Angeles, CA 90058-3303
      View Details
    • Value Estimation
      $520,000
      2,310 SF

      4221 Alameda St

      RETAIL STORES (PERSONAL SERVICES)
      4221 Alameda St, Vernon, CA 90058-1601
      View Details
    • Value Estimation
      $1,170,000
      7,312 SF

      5208 Santa Fe Ave

      RETAIL STORES (PERSONAL SERVICES)
      5208 Santa Fe Ave, Vernon, CA 90058-3518
      View Details
    • Value Estimation
      $1,560,000
      3,881 SF

      2309 Long Bch Ave

      RETAIL STORES (PERSONAL SERVICES)
      2309 Long Bch Ave, Los Angeles, CA 90058-1027
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      44,460 SF

      Vernon Industrial Property For Sale

      Industrial property with showroom, secured yard, and heavy power.
      3251 Leonis Blvd, Vernon, CA 90058
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      55,331 SF

      Unique Vernon Property with Potential

      Versatile property in Vernon, suitable for various commercial uses.
      4722 Everett Ave, Vernon, CA 90058
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      57,550 SF

      Los Angeles Industrial Property Opportunity

      57,550 SF industrial property with secured yard in Vernon, CA.
      4801-4815 Staunton Ave, Vernon, CA 90058
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      Two-Unit Multi-Zoned Investment Property

      Two-unit property with consistent rental income in good condition.
      3201 Long Beach Ave, Vernon, CA 90058
      View Details
    • Contact for pricing
      56,124 SF

      Corner Lot with Signage Opportunity

      Warehouse with showroom, offices, loading docks, and secured yard.
      3030 W Vernon Ave, Los Angeles, CA 90058
      View Details
    • Contact for pricing
      35,894 SF

      Free Standing Industrial Building

      Industrial building with ample parking and loading docks for sale.
      4383 Fruitland Ave, Vernon, CA 90058
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,000 SF

      Corner Industrial Unit For Rent

      2,000 SF corner industrial unit suitable for retail.
      5505 S Alameda St, Los Angeles, CA 90058
      View Details
    • Contact for pricing
      3,900 SF

      Refurbished Office/Showroom/Manufacturing Space

      Refurbished office space ideal for showroom or light manufacturing.
      2404 E 28Th St, Vernon, CA 90058
      View Details
    • Contact for pricing
      26,779 SF

      EV Charging Parking Facility

      Turn-key parking and charging for 42 commercial electric vehicles.
      4441 E 52Nd St, Vernon, CA 90058
      View Details
    • Contact for pricing
      48,724 SF

      Vernon Warehouse with Extensive Showrooms

      Sublease available in central Vernon location with showrooms.
      4900 S Santa Fe Ave, Vernon, CA 90058
      View Details
    • Contact for pricing
      71,875 SF

      Secured Parking in West Vernon

      Gated parking lot with 175 spaces for lease.
      4768 S Alameda St, Vernon, CA 90058
      View Details
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    1833 Vernon Ave
    Los Angeles, CA 90058-1544
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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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