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    2506 Sunset Blvd Los Angeles, CA 90026
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    2506 Sunset Blvd, Los Angeles, CA 90026

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    • Investment properties
    • 8,000 SF
    • 0.13 lot acres
    For Sale
    $3,500,000
    View Listing →
    Silver Lake Mixed-Use Investment Opportunity For Sale
    $3,500,000

    Silver Lake Mixed-Use Investment Opportunity

    Mixed-use property in Silver Lake with retail and residential units.

    2506 Sunset Boulevard, Los Angeles, CA 90026
    View Listing
    Property ID
    US09-7367054
    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

    • Pilates Punx / Gym & Fitness Center

    Property Details for 2506 Sunset Blvd

    Year built
    1924
    Construction
    TILT-UP CONCRETE
    Lot size
    0.13 lot acres
    Zone code
    LAC2
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    5402-014-022
    APU
    5402014022

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 24, 2025 $3,100,000 Precursor Holdings LLC Ernesto M Romero JR 2019 Trust Grant Deed $1.8M · Farmers & Merchants Bank Of Long Be
    Oct 23, 2019 — Romero,teresita 2019 Trust Teresita Romero Quit Claim Deed · related —
    Dec 26, 2014 — Teresita Romero Romero E Living Trust Quit Claim Deed · related —
    Oct 26, 2011 — Romero Ernesto Living Trust Romero,ernesto Quit Claim Deed · related —
    Dec 3, 2004 — Ernesto Romero Romero,teresita Quit Claim Deed · related $426k · New Century Mortgage
    Nov 12, 2003 — Teresita Romero Romero,teresita Quit Claim Deed · related —
    Sep 21, 1994 — Ernesto Romero Romero,e & T Trustees Quit Claim Deed · related —
    Sep 22, 1992 — Romero Ernesto — Deed Of Trust · related —
    — — Romero Trust — Deed Of Trust · related $28k · Us Small Business Admn
    — — Ernesto Romero — Deed Of Trust · related $285k · Los Angeles Thrift & Loan
    — — Romero Ernesto — Deed Of Trust · related $250k · Community Thrift & Loan

    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
    -118.269
    Latitude
    34.0794
    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
    $7,813
    $296,261
    $242,590
    $538,851
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $4,645,000
      21,981 SF

      1605 Grafton St

      OFFICE/RESIDENTIAL (MIXED USE)
      1605 Grafton St, Los Angeles, CA 90026-3289
      View Details
    • Value Estimation
      $1,610,000
      10,874 SF

      1807 Glendale Blvd

      OFFICE/RESIDENTIAL (MIXED USE)
      1807 Glendale Blvd, Los Angeles, CA 90026-1768
      View Details
    • Value Estimation
      $11,710,000
      46,977 SF

      609 Dillon St

      OFFICE/RESIDENTIAL (MIXED USE)
      609 Dillon St, Los Angeles, CA 90026-7368
      View Details
    • Value Estimation
      $665,000
      2,350 SF

      2701 Temple St

      OFFICE/RESIDENTIAL (MIXED USE)
      2701 Temple St, Los Angeles, CA 90026-4723
      View Details
    • Value Estimation
      $725,000
      2,848 SF

      923 Alvarado St

      OFFICE/RESIDENTIAL (MIXED USE)
      923 Alvarado St, Los Angeles, CA 90026-3104
      View Details
    • Value Estimation
      $3,855,000
      14,395 SF

      164 Glendale Blvd

      OFFICE/RESIDENTIAL (MIXED USE)
      164 Glendale Blvd, Los Angeles, CA 90026-5826
      View Details

    Similar Nearby for Sale

    • $2,350,000

      Echo Park Multifamily Development Opportunity

      Prime double lot in Echo Park, Los Angeles for multifamily development.
      900 N Alvarado St, Los Angeles, CA 90026
      View Details
    • Contact for pricing

      Multifamily Property Near Echo Park

      Seven-unit multifamily property near Echo Park and Silver Lake.
      608 Rampart Blvd, Los Angeles, CA 90026
      View Details
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      8,749 SF

      Silver Lake Mixed-Use Investment Property

      Fully leased mixed-use property in vibrant Silver Lake location.
      3814-3824 W Sunset Blvd, Los Angeles, CA 90026
      View Details
    • Contact for pricing
      6,940 SF

      Echo Park Multi-Use Property

      Two-story retail/creative office compound in Echo Park with parking.
      1201 N Alvarado St, Los Angeles, CA 90026
      View Details
    • $2,700,000
      5,666 SF

      Mixed-Use Building in Los Angeles

      Mixed-use building with 7 units in a transforming area.
      2240 W Temple St, Los Angeles, CA 90026
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Echo Park Multi-Use Property

      Multi-use property in Echo Park with on-site parking.
      1201 N Alvarado St, Los Angeles, CA 90026
      View Details
    • $4,950 /Mo

      Silver Lake Commercial Space

      Newly renovated commercial space in the heart of Silver Lake.
      Sunset Blvd, Los Angeles, CA 90026
      View Details
    • Contact for pricing
      1,678 SF

      Silver Lake Retail Space Available

      Prime Silver Lake retail space in a 1928 building.
      2807 Sunset Blvd, Los Angeles, CA 90026
      View Details
    • Contact for pricing
      19,042 SF

      Sunset Boulevard Retail and Restaurant

      Retail, restaurant, and service spaces in Silver Lake.
      3210 Sunset Blvd, Los Angeles, CA 90026
      View Details
    • Contact for pricing

      Echo Park Retail and Restaurant

      Retail and restaurant spaces in revitalized Echo Park buildings.
      1485-1501 Sunset Blvd, Los Angeles, CA 90026
      View Details
    View Listing
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    Los Angeles, CA 90026
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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.

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