Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    241 Larchmont Blvd Los Angeles, CA 90004
    Back to Search
    Property profile & analytics

    241 Larchmont Blvd, Los Angeles, CA 90004

    View on Map
    • Banks
    • 5,000 SF
    • 0.43 lot acres
    Off-Market
    Property ID
    US10-0492266
    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

    • Olivia's Locksmith Service / Locksmith

    Property Details for 241 Larchmont Blvd

    Year built
    1921
    Construction
    TILT-UP CONCRETE
    Lot size
    0.43 lot acres
    Zone code
    LAC2
    Property type
    Banks
    APN
    5515-018-022
    APU
    5515018022

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 24, 1970 — — — Grant Deed · related —

    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
    -118.324
    Latitude
    34.0758
    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
    $46,802
    $1,729,109
    $1,046,679
    $2,775,788
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      5,640 SF

      101 Larchmont Blvd

      FINANCIAL BUILDING
      101 Larchmont Blvd, Los Angeles, CA 90004-3704
      View Details
    • Value Estimation by Request
      7,983 SF

      100 Larchmont Blvd

      FINANCIAL BUILDING
      100 Larchmont Blvd, Los Angeles, CA 90004-3705
      View Details
    • Value Estimation
      $1,835,000
      78,000 SF

      411 Vermont Ave

      FINANCIAL BUILDING
      411 Vermont Ave, Los Angeles, CA 90004-3512
      View Details
    • Value Estimation
      $505,000
      4,619 SF

      270 Vermont Ave

      FINANCIAL BUILDING
      270 Vermont Ave, Los Angeles, CA 90004-4818
      View Details
    • Value Estimation by Request
      4,408 SF

      147 Larchmont Blvd

      FINANCIAL BUILDING
      147 Larchmont Blvd, Los Angeles, CA 90004-3704
      View Details
    • Value Estimation
      $2,850,000
      3,700 SF

      503 Larchmont Blvd

      FINANCIAL BUILDING
      503 Larchmont Blvd, Los Angeles, CA 90004
      View Details

    Similar Nearby for Sale

    • $3,100,000

      Koreatown Mixed-Use Investment Opportunity

      Mixed-use retail/office building on a signalized corner lot.
      4406-4414 S Western Ave, Los Angeles, CA 90004
      View Details
    • Contact for pricing
      5,750 SF

      Renovated Commercial Kitchen For Sale

      Commercial kitchen at the junction of Koreatown, Echo Park, Hollywood.
      101 N Virgil Ave, Los Angeles, CA 90004
      View Details
    • New
      $275,000

      Turnkey Smoke & Vape Retail Business

      Storefront smoke and vape operation on Beverly Boulevard, offered as a turnkey opportunity for owner-users or investors.
      4463 Beverly Blvd, Los Angeles, CA 90004
      View Details
    • Contact for pricing

      Charming Koreatown Fourplex Investment Opportunity

      Four-unit property in Koreatown with income potential and remodeled unit.
      142 S Manhattan Pl, Los Angeles, CA 90004
      View Details
    • Contact for pricing
      7,513 SF

      East Hollywood Multifamily Investment Opportunity

      10-unit multifamily property in East Hollywood with value-add potential.
      646 N Madison Ave, Los Angeles, CA 90004
      View Details
    • Contact for pricing

      Multifamily Investment Property Near Silver Lake

      Five-unit multifamily property with redevelopment potential in a thriving rental market.
      426 N Virgil Ave, Los Angeles, CA 90004
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      17,000 SF

      Larchmont Village Retail Opportunity

      Prime retail spaces in the heart of Larchmont Village.
      126 North Larchmont Blvd, Los Angeles, CA 90004
      View Details
    • Contact for pricing
      2,600 SF

      Retail/Food Space on Beverly Blvd

      First floor retail or food use space available for rent.
      3977-3979 Beverly Blvd, Los Angeles, CA 90004
      View Details
    • Contact for pricing

      Retail Space on Larchmont Boulevard

      Single tenant retail space available for rent.
      200 Larchmont Blvd, Los Angeles, CA 90004
      View Details
    • Contact for pricing

      Divisible Retail Space in Larchmont

      10,000 SF divisible retail space with ample parking.
      Los Angeles, CA 90004
      View Details
    • Contact for pricing

      Prime Retail/Office Space Available

      Retail/Office space for lease in Los Angeles.
      434 N Larchmont Blvd, Los Angeles, CA 90004
      View Details
    • Contact for pricing

      Liquor Store Location Opportunity

      Seeking locations with existing Type 21 CUB licenses.
      4003 Beverly Blvd, Los Angeles, CA 90004
      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.
    241 Larchmont Blvd
    Los Angeles, CA 90004
    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

    Thank You for Inquiry
    241 Larchmont Blvd, Los Angeles, CA, 90004
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!