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

    2304 96th St Los Angeles, CA 90002-2619

    • Manufacturing properties
    • 7,200 SF
    • 0.31 lot acres
    OFF-MARKET
    Last Sale
    Apr 26, 2024
    $3,250,000
    Value Estimations
    $2,935,000
    Show details
    Cap Rate Potential
    2.8%
    Manufacturing properties
    Location Intelligence
    Property ID
    US09-7800934
    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

    • Manufacturing properties

    Property Details for 2304 96th St

    Lot size
    0.31 lot acres
    Property size
    7,200 SF
    Zone code
    LCM2*
    Property type
    Manufacturing properties
    APN
    6046-009-021
    APU
    6046009021

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,250,000
      ML approach
      $3,250,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,987,000
      Market price range: $880k - $3.56M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $2,035,000
      Current use
      AUTO REPAIR, GARAGE
      $3,915,000
      Change: +92% Conversion: Easy
      OFFICE BUILDING
      $3,615,000
      Change: +77% Conversion: Difficult
      MEDICAL BUILDING
      $3,280,000
      Change: +61% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $3,050,000
      Change: +50% Conversion: Difficult
      RETAIL STORES
      $2,955,000
      Change: +45% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $2,155,000
      Change: +6% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.23
    Latitude
    33.9494
    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
    $11,334
    $583,664
    $143,263
    $726,927
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      44,567 SF

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      MANUFACTURING (LIGHT) • 44,567 SF
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      View Details
    • Value Estimation by Request
      16,630 SF

      9109 Juniper St

      Distribution properties • 16,630 SF
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    • Value Estimation
      $175,000
      19,100 SF

      8811 Miner St

      MANUFACTURING (LIGHT) • 19,100 SF
      8811 Miner St, Los Angeles, CA 90002-1835
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    • Value Estimation
      $400,000
      15,562 SF

      2475 103rd St

      HEAVY MANUFACTURING • 15,562 SF
      2475 103rd St, Los Angeles, CA 90002
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    • Value Estimation
      $170,000
      7,233 SF

      8935 Alameda St

      MANUFACTURING (LIGHT) • 7,233 SF
      8935 Alameda St, Los Angeles, CA 90002-1843
      View Details
    • Value Estimation
      $3,250,000
      4,800 SF

      2301 96th Pl

      MANUFACTURING (LIGHT) • 4,800 SF
      2301 96th Pl, Los Angeles, CA 90002
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      16,630 SF

      Los Angeles Industrial Warehouse Space

      16,630 SF Warehouse, Manufacturing Space, CA
      9109 Juniper St, Los Angeles, CA 90002
      View Details
    • $4,200,000
      22,795 SF

      Manufacturing/Warehouse Building with Fenced Yard

      Manufacturing or warehouse building with large, secure fenced yard.
      8830-8832 Miner St, Los Angeles, CA 90002
      View Details
    • Contact for pricing
      16,630 SF

      Renovated Buildings with Secure Yard

      Two renovated buildings totaling 16,630 SF with secure yard.
      9109-9111 Juniper St, Los Angeles, CA 90002
      View Details
    • $4,950,000
      24,832 SF

      Industrial Complex with Excess Yard

      Industrial complex featuring excess yard space and multiple loading doors.
      2115-2159 E 92Nd St, Los Angeles, CA 90002
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    • $360,000
      Pending

      Los Angeles Commercial Auto Repair Warehouse

      1,323 sq ft Los Angeles warehouse suitable for various businesses.
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    • Contact for pricing
      8,605 SF

      Renovated Warehouse with Fenced Yard

      Freestanding renovated warehouse with secure yard and parking.
      9111 Juniper St, Los Angeles, CA 90002
      View Details

    Similar Nearby for Lease

    • $0.75 SF/Yr
      8,800 SF

      Unincorporated LA County Warehouse Space

      8,800 SF building with drive-thru access and fenced yard.
      Unincorporated Ln County, Los Angeles, CA 90002
      View Details
    • $0.75 SF/Yr
      8,800 SF

      Warehouse with Drive-Through Capability

      8,800 SF warehouse with drive-through, ideal for storage.
      9110 Grape St, Los Angeles, CA 90002
      View Details
    • $1.25 SF/Yr
      13,000 SF

      LAX Adjacent Warehouse Space

      Warehouse space near LAX with freeway access and secure yard.
      5218 W 104Th St, Los Angeles, CA 90002
      View Details
    • $1.10 SF/Yr
      44,708 SF

      Freestanding Building Near LA Airport

      Recently renovated warehouse/distribution space with access to major transportation routes.
      5400 W 104Th St, Los Angeles, CA 90002
      View Details
    • $2 SF/Yr
      19,920 SF

      LAX Cold Storage Logistics Building

      Cold storage logistics building near LAX with secured yard.
      5340 W 104Th St, Los Angeles, CA 90002
      View Details
    • $9,000 /Mo

      Los Angeles Commercial Land For Lease

      Commercial land available for lease in Los Angeles, California.
      9523 S Alameda St, Los Angeles, CA 90002
      View Details
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    2304 96th St
    Los Angeles, CA 90002-2619
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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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