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    2515 Sunset Blvd Los Angeles, CA 90026
    Property profile & analytics

    2515 Sunset Blvd Los Angeles, CA 90026

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    • Commercial real estate
    • 1.00 lot acres
    Off-Market
    Property ID
    US09-7945620
    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

    • Commercial real estate

    Property Details for 2515 Sunset Blvd

    Lot size
    1.00 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 1-acre commercial land parcel presents a unique redevelopment opportunity in the highly desirable Silver Lake neighborhood of Los Angeles, California. Located at 2515-2517 West Sunset Boulevard, this property boasts unparalleled visibility and accessibility due to its prominent Sunset Boulevard frontage. The site is zoned C2, offering a range of potential development options for savvy investors. With a total of 30 parking spaces already in place, the property is well-suited for a variety of commercial uses. The single-tenant zoning allows for focused development and streamlined permitting processes. This location in Los Angeles County, zip code 90026, provides easy access to major transportation arteries and a vibrant, affluent community. The property's size and location make it an ideal investment for developers seeking a high-impact project in one of Los Angeles' most sought-after areas. This is a rare chance to acquire a significant piece of land in a thriving market, offering substantial potential for future growth and return on investment. The coordinates are 34.0801514 latitude and -118.2696095 longitude. Don't miss this chance to capitalize on this exceptional opportunity.

    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
    -118.2696095
    Latitude
    34.0801514

    Comparable in this City

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      Retail Space Available for Lease

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      2,628 SF

      Prime Restaurant Space Available

      High-visibility restaurant spaces with existing infrastructure and customization options.
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      Restaurant and Bar Space Available

      Second generation restaurant and bar space with full liquor license.
      3129 W Sunset Blvd, Los Angeles, CA 90026
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      Echo Park Multi-Use Property

      Multi-use property in Echo Park with on-site parking.
      1201 N Alvarado St, Los Angeles, CA 90026
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    Similar Nearby for Lease

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      25,827 SF

      Echo Park Land Available

      25,827 SF land available in Echo Park.
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    • $3 SF/Yr
      1,660 SF

      1,660 SF Echo Park Retail Store For Lease

      1,660 SF Echo Park Retail Store For Lease
      2111 W Sunset Blvd, Los Angeles, CA 90026
      View Details
    • Contact for pricing

      Retail Space Available for Lease

      Retail spaces available, ranging from 1,002 to 2,082 square feet.
      1301 Glendale Blvd, Los Angeles, CA 90026
      View Details
    • Contact for pricing
      2,628 SF

      Prime Restaurant Space Available

      High-visibility restaurant spaces with existing infrastructure and customization options.
      330 North Westlake Ave, Los Angeles, CA 90026
      View Details
    • Contact for pricing

      Restaurant and Bar Space Available

      Second generation restaurant and bar space with full liquor license.
      3129 W Sunset Blvd, Los Angeles, CA 90026
      View Details
    • 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
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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.

    More about this property
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