Add Listing
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

    2421 Figueroa St Los Angeles, CA 90007-2503

    • Assisted living facilities
    • 20,596 SF
    • 1.24 lot acres
    OFF-MARKET
    Value Estimations
    $4,660,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7617201
    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

    • Stimson House / Tour Operator

    Property Details for 2421 Figueroa St

    Construction
    TILT-UP CONCRETE
    Lot size
    1.24 lot acres
    Property size
    20,596 SF
    Zone code
    LAR4
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    5124-026-014
    APU
    5124026014

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
      $5,655,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $6,335,000
      Change: +12% 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
    -118.276
    Latitude
    34.0297
    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
    $6,174
    $4,101,172
    $4,647,995
    $8,749,167
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      7,341 SF

      1665 Adams Blvd

      HOMES (RETIRED, NURSING) • 7,341 SF
      1665 Adams Blvd, Los Angeles, CA 90007-1533
      View Details
    • Value Estimation by Request
      2,782 SF

      2638 Raymond Ave

      HOMES (RETIRED, NURSING) • 2,782 SF
      2638 Raymond Ave, Los Angeles, CA 90007-2121
      View Details
    • Value Estimation
      $1,165,000
      33,162 SF

      2611 Portland St

      HOMES (RETIRED, NURSING) • 33,162 SF
      2611 Portland St, Los Angeles, CA 90007-2473
      View Details
    • Value Estimation by Request
      3,150 SF

      2653 Menlo Ave

      HOMES (RETIRED, NURSING) • 3,150 SF
      2653 Menlo Ave, Los Angeles, CA 90007-4770
      View Details
    • Value Estimation by Request
      4,136 SF

      1299 Jefferson Blvd

      HOMES (RETIRED, NURSING) • 4,136 SF
      1299 Jefferson Blvd, Los Angeles, CA 90007-2939
      View Details
    • Value Estimation by Request
      4,821 SF

      2620 Menlo Ave

      HOMES (RETIRED, NURSING) • 4,821 SF
      2620 Menlo Ave, Los Angeles, CA 90007-6901
      View Details

    Similar Nearby for Sale

    • $1,049,999

      Duplex Near USC

      Duplex near USC, suitable for investors or families.
      2917 Kenwood Ave, Los Angeles, CA 90007
      View Details
    • $400,000
      1,273 SF

      Los Angeles Triplex Fractional Interest

      Fractional interest in a Los Angeles triplex for sale.
      1140 Exposition Blvd, Los Angeles, CA 90007
      View Details
    • Contact for pricing

      Commercial Building Near USC University

      Commercial building in high-traffic area, short walk from USC.
      1424 W Jefferson Blvd, Los Angeles, CA 90007
      View Details
    • $6,200,000
      20,600 SF

      Beautiful Manufacturing/Warehouse Facility

      Beautiful Manufacturing/Warehouse Facility
      1710 Cordova St, Los Angeles, CA 90007
      View Details
    • $1,190,000

      University Park 8-Unit Apartment Building

      8-unit apartment building near USC and Mount St. Mary's University.
      1938 Bonsallo Ave, Los Angeles, CA 90007
      View Details

    Similar Nearby for Lease

    • $0.81 SF/Yr
      6,800 SF

      Industrial Facility Just East of USC

      Industrial Facility Just East of USC
      3720 S Grand Ave, Los Angeles, CA 90007
      View Details
    • $1.10 SF/Yr
      5,500 SF

      Light Manufacturing/Warehouse Facility

      Light Manufacturing/Warehouse Facility
      3101 S Hill St, Los Angeles, CA 90007
      View Details
    • $0.99 SF/Yr
      19,303 SF

      Manufacturing/Warehouse Near USC

      Manufacturing/Warehouse Near USC
      3660 S Hill St, Los Angeles, CA 90007
      View Details
    • Contact for pricing

      Leased Industrial Property in Los Angeles

      Industrial property in Los Angeles, currently 100% leased.
      1423-1441 E Adams Blvd, Los Angeles, CA 90007
      View Details
    • $233 SF/Yr
      1 SF

      Koreatown Ghost Kitchen for Lease

      250 sq ft, High-Demand Location
      1842 Washington Blvd, Los Angeles, CA 90007
      View Details
    • Contact for pricing

      Creative Office/Flex Warehouse Space

      Creative office and flex warehouse space in West Adams district.
      1738 Cordova St, Los Angeles, CA 90007
      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.
    2421 Figueroa St
    Los Angeles, CA 90007-2503
    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!