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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2055 Figueroa St Los Angeles, CA 90065-1021

    • Outlet malls
    • 107,880 SF
    • 7.95 lot acres
    OFF-MARKET
    Value Estimations
    $4,640,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-9324915
    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

    • Cypress Park Community Job Center / Community Center / Non-Profit Organization
    • KeyExpress Locksmiths / Key Duplication Service / Locksmith
    • Compact Power Equipment Rental / Equipment Rental Agency
    • Yaiquesadilas / Mexican Restaurant
    • Tool & Truck Rental Center at The Home Depot / Equipment Rental Agency / Lawn Equipment Rental Service

    Property Details for 2055 Figueroa St

    Year built
    1999
    Construction
    TILT-UP CONCRETE
    Lot size
    7.95 lot acres
    Property size
    107,880 SF
    Zone code
    LAUC(CA)
    Property type
    Outlet malls
    APN
    5446-013-057
    APU
    5446013057

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.225
    Latitude
    34.0835
    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
    $311,691
    $15,650,046
    $8,287,699
    $23,937,745
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,100 SF

      4400 Figueroa St

      WHOLESALE OUTLET, DISCOUNT STORE • 2,100 SF
      4400 Figueroa St, Los Angeles, CA 90065-3025
      View Details
    • Value Estimation
      $1,915,000
      11,457 SF

      3520 Figueroa St

      MINI-MALL • 11,457 SF
      3520 Figueroa St, Los Angeles, CA 90065-2463
      View Details
    • Value Estimation
      $625,000
      3,600 SF

      2929 Division St

      MINI-MALL • 3,600 SF
      2929 Division St, Los Angeles, CA 90065-1215
      View Details
    • Value Estimation
      $3,320,000
      12,757 SF

      3075 San Fernando Rd

      MINI-MALL • 12,757 SF
      3075 San Fernando Rd, Los Angeles, CA 90065
      View Details
    • Value Estimation by Request
      1,200 SF

      3457 Fletcher Dr

      AUTO REPAIR, GARAGE • 1,200 SF
      3457 Fletcher Dr, Los Angeles, CA 90065-2955
      View Details
    • Value Estimation
      $1,315,000
      4,272 SF

      3279 Eagle Rock Blvd

      RETAIL STORES (PERSONAL SERVICES) • 4,272 SF
      3279 Eagle Rock Blvd, Los Angeles, CA 90065-2136
      View Details

    Similar Nearby for Sale

    • $850,000
      7,632 SF

      Los Angeles Mixed-Use Investment Opportunity

      Mixed-use property in Cypress Park with commercial and residential units.
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    • Contact for pricing
      43,955 SF

      San Fernando Rd Commercial Opportunity

      Prime commercial space in Glassell Park with high visibility.
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    • $1,559,000
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      Mixed-Use Building in Glassell Park

      Newer 7-unit mixed-use building with upside potential.
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    • $1,100,000
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      Los Angeles Mixed-Use Value-Add Opportunity

      Mixed-use property with value-add potential in Los Angeles.
      3333 Division St, Los Angeles, CA 90065
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    • $1,100,000
      3,450 SF

      Mixed-Use Value-Add Opportunity in Los Angeles

      Mixed-use property with value-add potential in a Los Angeles commercial corridor.
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    • $125,000

      Residential Land in Glassell Park

      Land in an upscale Los Angeles neighborhood with many possibilities.
      3707 Parrish Ave, Los Angeles, CA 90065
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    Similar Nearby for Lease

    • $1.89 SF/Yr
      2,920 SF

      Adaptable Flex Space Available

      Sublease available in Glendale Commerce Center through August 2029.
      3368-3370 San Fernando Rd, Los Angeles, CA 90065
      View Details
    • $1.35 SF/Yr
      14,160 SF

      Flex Space on San Fernando

      Rare flex space for lease with secured parking.
      2424 N San Fernando Rd, Los Angeles, CA 90065
      View Details
    • $1.75 SF/Yr

      Freestanding Building in LA Media

      Freestanding building in secure LA Media Tech Center Business Park.
      2701 Media Center Dr, Los Angeles, CA 90065
      View Details
    • $1.89 SF/Yr
      17,000 SF

      Industrial Space with Heavy Parking

      Industrial property with frontage, parking, and freeway access.
      3360 N San Fernando Rd, Los Angeles, CA 90065
      View Details
    • $1.90 SF/Yr
      3,715 SF

      Flex Warehouse/Office Space Available

      Multi-tenant building with HVAC and private restroom.
      1844 Cypress Ave, Los Angeles, CA 90065
      View Details
    • $1.00 SF/Yr
      58,328 SF

      Industrial Space Sublease Opportunity

      Sublease available in strategic location between SFV & LA.
      3550 Tyburn St, Los Angeles, CA 90065
      View Details
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    2055 Figueroa St
    Los Angeles, CA 90065-1021
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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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