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

    2428 Glover Pl Los Angeles, CA 90031-1160

    • Manufacturing properties
    • 8,375 SF
    • 0.42 lot acres
    OFF-MARKET
    Value Estimations
    $325,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7449733
    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

    • Friends x Family / Millwork Shop / Fabrication Engineer
    • Benjamin's General Key Service / Locksmith / Emergency Locksmith Service

    Property Details for 2428 Glover Pl

    Year built
    1949
    Lot size
    0.42 lot acres
    Property size
    8,375 SF
    Zone code
    LACM
    Property type
    Manufacturing properties
    APN
    5445-005-022
    APU
    5445005022

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $325,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.234
    Latitude
    34.0929
    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
    $23,223
    $494,876
    $1,331,459
    $1,826,335
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $295,000
      9,072 SF

      1770 Workman St

      MANUFACTURING (LIGHT) • 9,072 SF
      1770 Workman St, Los Angeles, CA 90031-3335
      View Details
    • Value Estimation
      $275,000
      8,550 SF

      346 Ave 21

      MANUFACTURING (LIGHT) • 8,550 SF
      346 Ave 21, Los Angeles, CA 90031
      View Details
    • Value Estimation
      $485,000
      76,306 SF

      3011 Humboldt St

      MANUFACTURING (LIGHT) • 76,306 SF
      3011 Humboldt St, Los Angeles, CA 90031
      View Details
    • Value Estimation
      $270,000
      8,400 SF

      667 Gibbons St

      MANUFACTURING (LIGHT) • 8,400 SF
      667 Gibbons St, Los Angeles, CA 90031-2540
      View Details
    • Value Estimation
      $275,000
      836 SF

      625 Lamar St

      PROCESSING PLANT (CEMENT, GRAVEL) • 836 SF
      625 Lamar St, Los Angeles, CA 90031-2512
      View Details
    • Value Estimation by Request
      89,149 SF

      3800 Msn Rd

      HEAVY MANUFACTURING • 89,149 SF
      3800 Msn Rd, Los Angeles, CA 90031-3138
      View Details

    Similar Nearby for Sale

    • $9,900,020
      42,250 SF

      Industrial Property with Fenced Parking

      Industrial property featuring fenced parking and income potential in Los Angeles.
      3100-3122 S Main St, Los Angeles, CA 90031
      View Details
    • $7,150,000
      19,402 SF

      Industrial Property with Freeway Access

      Two buildings with concrete yard and access to major freeways.
      154-158 N San Fernando Rd, Los Angeles, CA 90031
      View Details
    • $164,888
      5,562.00 Acres

      Montecito Heights Land with Views

      Land with views, close to Debs Park and Highland Park.
      3952 Elderbank Dr, Los Angeles, CA 90031
      View Details
    • $1,000,000

      Los Angeles Fourplex Investment Opportunity

      Fourplex in Los Angeles near downtown, USC, and freeways.
      1709 Sichel St, Los Angeles, CA 90031
      View Details
    • $1,998,000
      14,349 SF

      Ready-to-Issue Affordable Housing Development

      53-unit affordable housing development near USC Keck School of Medicine.
      Eastlake Ave, Los Angeles, CA 90031
      View Details
    • New
      $798,888
      2,161 SF

      Centrally Located Los Angeles Triplex

      Three-unit property near Alhambra with ADU potential and assigned parking.
      2415 N Gates St, Los Angeles, CA 90031
      View Details

    Similar Nearby for Lease

    • $0.90 SF/Yr
      22,250 SF

      Manufacturing & Warehouse Building For Rent

      Manufacturing and warehouse building with easy access to transportation.
      3816-3818 S Broadway, Los Angeles, CA 90031
      View Details
    • Contact for pricing
      15,864 SF

      Industrial Space Near Dodger Stadium

      Industrial property for lease in Lincoln Heights, Los Angeles.
      352 Avenue 21 N, Lincoln Heights, CA 90031
      View Details
    • Contact for pricing
      1,541,028 SF

      Large Industrial Property Near DTLA

      Expansive industrial property featuring dock high loading and parking.
      3900-4100 N Mission Rd, Los Angeles, CA 90031
      View Details
    • $1.99 SF/Yr
      4,720 SF

      Creative Industrial/Flex Space Sublease

      Industrial/Flex space with A/C, gated parking, near major freeways.
      340 S Avenue 17, Los Angeles, CA 90031
      View Details
    • Contact for pricing
      75,604 SF

      Industrial Space with Freeway Visibility

      75,604 SF industrial space suitable for studio, warehouse, distribution.
      1731 Workman St, Los Angeles, CA 90031
      View Details
    • Contact for pricing
      12,700 SF

      Lincoln Heights Warehouse Near Freeways

      Warehouse in Lincoln Heights with quick freeway access.
      336-346 Avenue 21 N, Los Angeles, CA 90031
      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.
    2428 Glover Pl
    Los Angeles, CA 90031-1160
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.