Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2215 Westwood Blvd Los Angeles, CA 90064-2098

    • Parking lots & garages
    • 6,575 SF
    • 0.15 lot acres
    OFF-MARKET
    Value Estimations
    $665,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-6863312
    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

    • Starbucks / Cafe & Coffee Shop
    • California Credit Union / Credit Union
    • Tim Camas - Financial Advisor, Ameriprise Financial Services, LLC / Financial Advisor
    • Jersey Mike's Subs / Take-out & Catering
    • Tutor with Phoebe / Tutoring Service

    Property Details for 2215 Westwood Blvd

    Year built
    1995
    Lot size
    0.15 lot acres
    Property size
    6,575 SF
    Zone code
    LAC4
    Property type
    Parking lots & garages
    APN
    4322-002-025
    APU
    4322002025

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $585,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $742,000
      Market price range: $302k - $742k

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.432
    Latitude
    34.0432
    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
    $34,984
    $2,356,567
    $530,223
    $2,886,790
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,537 SF

      11785 Pico Blvd

      PARKING LOT • 2,537 SF
      11785 Pico Blvd, Los Angeles, CA 90064
      View Details
    • Value Estimation by Request
      1,806 SF

      2225 Artemis Pl

      PARKING LOT • 1,806 SF
      2225 Artemis Pl, Los Angeles, CA 90064
      View Details
    • Value Estimation by Request
      2,400 SF

      Los Angeles, CA 90064

      PARKING LOT • 2,400 SF
      Los Angeles, CA 90064
      View Details
    • Value Estimation by Request
      6,500 SF

      Los Angeles, CA 90064

      PARKING LOT • 6,500 SF
      Los Angeles, CA 90064
      View Details
    • Value Estimation by Request
      7,980 SF

      Los Angeles, CA 90064

      PARKING LOT • 7,980 SF
      Los Angeles, CA 90064
      View Details
    • Value Estimation by Request
      1,800 SF

      2216 Artemis Pl

      PARKING LOT • 1,800 SF
      2216 Artemis Pl, Los Angeles, CA 90064
      View Details

    Similar Nearby for Sale

    • $5,900,000
      15,000 SF

      15,000 SF Lot with Building

      15,000 SF lot with 1,600 SF building for sale.
      3328-3332 Motor Ave, Los Angeles, CA 90064
      View Details
    • $3,350,000
      9,200 SF

      Mixed-Use Retail/Office Building Opportunity

      Mixed-use retail/office building for sale in Los Angeles.
      11714-11720 W Pico Blvd, Los Angeles, CA 90064
      View Details
    • Contact for pricing
      23,000 SF

      Mediterranean Office Building with Courtyard

      Three-story office building with ample parking and easy freeway access.
      2211 Corinth Ave, Los Angeles, CA 90064
      View Details
    • $5,000,000
      4,002 SF

      Renovated Warehouse with Parking

      Recently renovated warehouse featuring high ceilings and parking.
      2216 S Barrington Ave, Los Angeles, CA 90064
      View Details
    • Contact for pricing
      12,532 SF

      Creative Office & Post-Production Facility

      Creative office and post-production compound in West Los Angeles.
      2332 S Centinela Ave, Los Angeles, CA 90064
      View Details
    • $1,594,000
      1,300 SF

      Remodeled Home Near Bundy Triangle

      Remodeled 3-bedroom home in developing Sawtelle, West Los Angeles.
      11938 Exposition Blvd, Los Angeles, CA 90064
      View Details

    Similar Nearby for Lease

    • $1.95 SF/Yr
      148,389 SF

      Secure Lot with Ample Parking

      Gated parking with security, charging stations, and metro access.
      2440 S Sepulveda Blvd, Los Angeles, CA 90064
      View Details
    • $35 SF/Yr
      4,400 SF

      Westwood Executive Office Suites

      Prime Westwood location, 7 suites available.
      2288 Westwood Blvd, Los Angeles, CA 90064
      View Details
    • Contact for pricing
      235,000 SF

      West LA Creative Office Space

      Prime West LA Office: 5,285 SF Available
      2455 Overland Ave, Los Angeles, CA 90064
      View Details
    • Contact for pricing
      25,116 SF

      Retail Space on West Pico

      Retail property available for lease on West Pico Boulevard.
      10831 West Pico Blvd, Los Angeles, CA 90064
      View Details
    • Contact for pricing

      Mixed-Use Project in West LA

      New mixed-use project with residential and commercial space near UCLA.
      2455 Overland Ave, Los Angeles, CA 90064
      View Details
    • $30 SF/Yr
      6,000 SF

      West LA Office & Retail Space

      Executive suites, flexible layouts, prime location.
      10931 Pico Blvd, Los Angeles, CA 90064
      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.
    2215 Westwood Blvd
    Los Angeles, CA 90064-2098
    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.