Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    2212 Workman St Los Angeles, CA 90031-3047
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2212 Workman St Los Angeles, CA 90031-3047

    View on Map
    • Apartment buildings
    • 11,948 SF
    • 0.32 lot acres
    Off-Market
    Property ID
    US09-7493349
    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

    • Apartment buildings

    Property Details for 2212 Workman St

    Year built
    1949
    Construction
    WOOD
    Lot size
    0.32 lot acres
    Property size
    11,948 SF
    Zone code
    LARD3
    Property type
    Apartment buildings
    APN
    5204-017-027
    APU
    5204017027

    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
    -118.214
    Latitude
    34.0706
    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
    $5,424
    $54,292
    $230,141
    $284,433
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $905,000
      3,960 SF

      2421 Johnston St

      APARTMENT HOUSE (5+ UNITS) • 3,960 SF
      2421 Johnston St, Los Angeles, CA 90031-2773
      View Details
    • Value Estimation
      $1,700,000
      7,607 SF

      1909 Broadway

      APARTMENT HOUSE (5+ UNITS) • 7,607 SF
      1909 Broadway, Los Angeles, CA 90031-2550
      View Details
    • Value Estimation
      $1,465,000
      6,839 SF

      3210 Pasadena Ave

      APARTMENT HOUSE (5+ UNITS) • 6,839 SF
      3210 Pasadena Ave, Los Angeles, CA 90031-1900
      View Details
    • Value Estimation
      $790,000
      14,244 SF

      3333 Msn Rd

      APARTMENT HOUSE (5+ UNITS) • 14,244 SF
      3333 Msn Rd, Los Angeles, CA 90031-3160
      View Details
    • Value Estimation by Request
      2,854 SF

      2821 Sierra St

      APARTMENT HOUSE (5+ UNITS) • 2,854 SF
      2821 Sierra St, Los Angeles, CA 90031-2570
      View Details
    • Value Estimation
      $650,000
      5,620 SF

      2205 Sichel St

      APARTMENT HOUSE (5+ UNITS) • 5,620 SF
      2205 Sichel St, Los Angeles, CA 90031-3029
      View Details

    Similar Nearby for Sale

    • $1,998,000
      14,349 SF

      Ready-to-Issue Affordable Housing Development

      53-unit affordable housing development near USC Keck School of Medicine.
      Eastlake Ave, Los Angeles, CA 90031
      View Details
    • $1,090,000

      Lincoln Heights Multi-Unit Investment Property

      Multi-unit property in Lincoln Heights near landmarks and employment hubs.
      2333 Eastlake Ave, Los Angeles, CA 90031
      View Details
    • $1,550,000

      Lincoln Heights Multifamily Investment Opportunity

      Six-unit property with versatile unit mix and convenient location.
      2221 Griffin Ave, Los Angeles, CA 90031
      View Details
    • $1,628,000
      4,161 SF

      Five-Unit Multifamily Property in Los Angeles

      Five-unit property near Downtown LA with value-add potential.
      2232 Workman 2232, Los Angeles, CA 90031
      View Details
    • $14,990,000
      35,511 SF

      Modern Los Angeles Apartment Complex

      27-unit apartment complex in a vibrant Los Angeles neighborhood.
      1836 Sichel St, Los Angeles, CA 90031
      View Details

    Similar Nearby for Lease

    • $2,000 /Mo

      Upscale Studio in Gated Community

      Modern studio in Lincoln Heights with resort-style amenities and easy commuting.
      360 W Avenue 26, Lincoln Heights, CA 90031
      View Details
    • Contact for pricing
      1,541,028 SF

      Unique Los Angeles Commercial Opportunity

      Exceptional 39-acre site near DTLA with multiple buildings.
      3900-4100 North Mission Rd, Los Angeles, CA 90031
      View Details
    • $0.49 SF/Yr
      213,493 SF

      Land Near Dodger Stadium

      Commercial land for lease near the Golden State Freeway.
      2131 Humboldt St, Los Angeles, CA 90031
      View Details
    • Contact for pricing
      95,922 SF

      Warehouse with Large Fenced Yard

      Two-level warehouse with large fenced yard, near Downtown Los Angeles.
      3900 N Mission Rd, Los Angeles, CA 90031
      View Details
    • Contact for pricing
      65,190 SF

      Industrial Space Near Dodger Stadium

      Industrial property for lease with quick freeway access.
      310-330 Avenue 21 N, Los Angeles, CA 90031
      View Details
    • Contact for pricing
      22,250 SF

      Manufacturing & Warehouse Building For Rent

      Manufacturing and warehouse building with easy access to transportation.
      3816-3818 S Broadway, Los Angeles, CA 90031
      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.
    2212 Workman St
    Los Angeles, CA 90031-3047
    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!