Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    207 Savannah St Los Angeles, CA 90033-3648
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    207 Savannah St Los Angeles, CA 90033-3648

    View on Map
    • Apartment buildings
    • 11,170 SF
    • 0.33 lot acres
    Off-Market
    Last Sale Feb 21, 2020
    $2,725,027
    Property ID
    US09-6838213
    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
    $2,705,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Auto Glass Of America / Auto Repair Shop / (Bike/Boat/Book/etc) Store

    Property Details for 207 Savannah St

    Year built
    1910
    Construction
    WOOD
    Lot size
    0.33 lot acres
    Property size
    11,170 SF
    Zone code
    LAR2
    Property type
    Apartment buildings
    APN
    5180-015-028
    APU
    5180015028

    Description

    This exceptional value-add multifamily investment presents a rare opportunity to acquire a 17-unit apartment building in Los Angeles' Boyle Heights neighborhood. The property, situated on a 14,285 sq ft lot, comprises two buildings totaling 11,170 net rentable square feet, constructed in 1932 and 1963. The unit mix includes three studios, two one-bedroom/one-bath, and twelve two-bedroom/one-bath units, offering a strong foundation for rental growth. The property boasts a 1:1 parking ratio, a significant advantage in this location. Currently generating a NOI of $104,744, with a 4.55% cap rate, a pro-forma NOI of $326,355 and a pro-forma cap rate of 14.19% is achievable through strategic renovations and lease adjustments. Recent capital improvements include a complete replacement of sub-panels for all units and a completed soft-story parking retrofit, eliminating the need for costly seismic upgrades. The property's location offers convenient access to the 10 freeway, the Gold Line station, and the Arts District, enhancing its appeal to renters. Furthermore, the City of Los Angeles has approved capital expenditure reimbursements for recent electrical upgrades, potentially generating additional monthly income per unit. Priced at $2,300,000 ($135,294 per unit), this property offers significant upside potential for the savvy investor. The permitted zoning is LAR2.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,485,000
      ML approach
      $2,515,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,074,000
      Market price range: $989k - $3.07M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $2,255,000
      Current use
      INDUSTRIAL (GENERAL)
      $3,160,000
      Change: +40% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.203
    Latitude
    34.0421
    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
    $36,934
    $1,608,302
    $1,314,125
    $2,922,427
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      4,704 SF

      2511 4th St

      APARTMENT HOUSE (5+ UNITS) • 4,704 SF
      2511 4th St, Los Angeles, CA 90033-4418
      View Details
    • Value Estimation by Request
      6,168 SF

      2313 Charlotte St

      APARTMENT HOUSE (5+ UNITS) • 6,168 SF
      2313 Charlotte St, Los Angeles, CA 90033-1404
      View Details
    • Value Estimation by Request
      6,540 SF

      1011 Cummings St

      APARTMENT HOUSE (5+ UNITS) • 6,540 SF
      1011 Cummings St, Los Angeles, CA 90033-1349
      View Details
    • Value Estimation by Request
      5,613 SF

      2450 Fairmount St

      APARTMENT HOUSE (5+ UNITS) • 5,613 SF
      2450 Fairmount St, Los Angeles, CA 90033-2560
      View Details
    • Value Estimation by Request
      4,742 SF

      2433 Boulder St

      APARTMENT HOUSE (5+ UNITS) • 4,742 SF
      2433 Boulder St, Los Angeles, CA 90033-2527
      View Details
    • Value Estimation by Request
      10,132 SF

      308 Boyle Ave

      APARTMENT HOUSE (5+ UNITS) • 10,132 SF
      308 Boyle Ave, Los Angeles, CA 90033-3850
      View Details

    Similar Nearby for Sale

    • $1,175,000
      4,522 SF

      Los Angeles Income Property Opportunity

      Income property in historical Los Angeles community with high renter demand.
      2015 Pennsylvania Ave, Los Angeles, CA 90033
      View Details
    • $5,695,000
      12,006 SF

      38-Unit Apartment Building Opportunity Zone

      Apartment building with significant upside in a rapidly evolving neighborhood.
      Fairview Ave, Los Angeles, CA 90033
      View Details
    • $1,299,999
      5,146 SF

      Los Angeles Multifamily Investment Opportunity

      Multifamily property with upside potential near Downtown LA.
      2429 E 3Rd St, Los Angeles, CA 90033
      View Details
    • $1,275,000
      3,682 SF

      Seven Units in Boyle Heights

      Two multifamily properties totaling seven units in Los Angeles.
      1151 Cornwell St, Los Angeles, CA 90033
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,505 SF

      Retail Space for Lease

      Retail space available for lease in Los Angeles.
      1221 W 3Rd St, Los Angeles, CA 90033
      View Details
    • Contact for pricing

      Refurbished Industrial Building with Office

      Industrial building with office space near Arts District, Los Angeles.
      500-510 S Anderson St, Los Angeles, CA 90033
      View Details
    • $16,578 /Mo
      22,898 SF

      Warehouse/Flex Space for Sublease

      Sublease opportunity near Arts District with skylights and dock loading.
      331 S Mission Rd, Los Angeles, CA 90033
      View Details
    • $4 SF/Yr

      Vacant Commercial Land For Lease

      Vacant commercial land available for lease in Los Angeles.
      2307 Charlotte St, Los Angeles, CA 90033
      View Details
    • Contact for pricing
      21,750 SF

      Fenced Lot in Boyle Heights

      M3 lot with electric and water, ideal for storage.
      1515 S Evergreen Ave, Boyle Heights, CA 90033
      View Details
    • Contact for pricing
      50,800 SF

      Distribution Building with Secured Yard

      Distribution building with large secured yard, near I-5 & 10.
      2533 Medford St, Los Angeles, CA 90033
      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.
    207 Savannah St
    Los Angeles, CA 90033-3648
    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!