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    2215 La Brea Ave Los Angeles, CA 90016-2221
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    2215 La Brea Ave Los Angeles, CA 90016-2221

    View on Map
    • Retail space
    • 2,067 SF
    • 0.10 lot acres
    Off-Market
    Last Sale Aug 22, 2024
    $160,000
    Property ID
    US09-7233770
    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

    • Fisk-It Plumbing / Plumbing Service / General Contractor
    • H&A Metals / Metal Fabrication Plant / Factory
    • Our Home Expo / Plumbing Service / General Contractor

    Property Details for 2215 La Brea Ave

    Year built
    1990
    Construction
    TILT-UP CONCRETE
    Lot size
    0.10 lot acres
    Property size
    2,067 SF
    Zone code
    LAC2
    Property type
    Retail space
    APN
    5062-016-015
    APU
    5062016015

    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
    -118.349
    Latitude
    34.0372
    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
    $5,615
    $266,756
    $160,903
    $427,659
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $735,000
      2,696 SF

      2114 La Brea Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,696 SF
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    • Value Estimation
      $870,000
      3,400 SF

      5414 Adams Blvd

      RETAIL STORES (PERSONAL SERVICES) • 3,400 SF
      5414 Adams Blvd, Los Angeles, CA 90016-2604
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    • Value Estimation
      $535,000
      1,676 SF

      4971 Adams Blvd

      RETAIL STORES (PERSONAL SERVICES) • 1,676 SF
      4971 Adams Blvd, Los Angeles, CA 90016-2849
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    • Value Estimation
      $615,000
      3,329 SF

      4768 Adams Blvd

      RETAIL STORES (PERSONAL SERVICES) • 3,329 SF
      4768 Adams Blvd, Los Angeles, CA 90016-2949
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    • Value Estimation
      $1,070,000
      3,066 SF

      5237 Adams Blvd

      RETAIL STORES (PERSONAL SERVICES) • 3,066 SF
      5237 Adams Blvd, Los Angeles, CA 90016-2626
      View Details
    • Value Estimation
      $605,000
      2,450 SF

      4875 Washington Blvd

      RETAIL STORES (PERSONAL SERVICES) • 2,450 SF
      4875 Washington Blvd, Los Angeles, CA 90016-1501
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,496 SF

      Retail Space For Sale

      Retail space available for purchase.
      5761 W Adams Blvd, Los Angeles, CA 90016
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      5,256 SF

      Prime West Adams Investment Opportunity

      Renovated mixed-use property with retail and apartments near Culver City.
      4755 W Adams Blvd, Los Angeles, CA 90016
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    • $2,050,000
      10,720 SF

      Retail Storefronts on Jefferson Boulevard

      Multi-tenant retail property with high ceilings and alley access.
      3612- West Jefferson Blvd, Los Angeles, CA 90016
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    • New
      $350,000
      936 SF

      Equipped Body Shop Business Opportunity

      Fully equipped body shop with a competitive lease rate.
      5636 W Adams Blvd, Los Angeles, CA 90016
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    • Contact for pricing
      10,013 SF

      Jefferson Boulevard Land for Sale

      Land available for sale on Jefferson Boulevard, Los Angeles.
      4310 Jefferson Blvd, Los Angeles, CA 90016
      View Details
    • $5,000,000
      7,352 SF

      Mid-City Multi-Use Facility

      Mid-City Multi-Use Facility
      5519 Washington Blvd, Los Angeles, CA 90016
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,240 SF

      Renovated Flex/Commercial Space Available

      Recently renovated flex/commercial space suitable for various uses.
      5149-5151 W Adams Blvd, Los Angeles, CA 90016
      View Details
    • Contact for pricing
      6,396 SF

      Retail Building Available For Rent

      Retail building available for lease.
      4900 W Washington Blvd, Los Angeles, CA 90016
      View Details
    • $4 SF/Yr
      12,500 SF

      Retail Space for Lease

      Retail space available for lease in Los Angeles.
      3479-3485 S La Cienega Blvd, Los Angeles, CA 90016
      View Details
    • Contact for pricing

      Retail Space Available

      Retail space available for rent in Los Angeles.
      1900 S La Brea Ave, Los Angeles, CA 90016
      View Details
    • Contact for pricing

      Mixed-Use Retail Space Available

      Retail space in mixed-use project with street visibility.
      3045 Crenshaw Blvd, Los Angeles, CA 90016
      View Details
    • $3 SF/Yr
      724 SF

      Renovated Retail Space Available

      Retail space for lease with new renovations and shared outdoor space.
      4732-4742 W Washington Blvd, Los Angeles, CA 90016
      View Details
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    Los Angeles, CA 90016-2221
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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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