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

    255 Ave 17 Los Angeles, CA 90031-2503

    • Office buildings
    • 14,468 SF
    • 1.12 lot acres
    OFF-MARKET
    Last Sale
    Sep 26, 2023
    Value Estimations
    $2,465,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7939675
    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

    • Office buildings

    Property Details for 255 Ave 17

    Year built
    1946
    Construction
    TILT-UP CONCRETE
    Lot size
    1.12 lot acres
    Property size
    14,468 SF
    Zone code
    LAGW(CA)
    Property type
    Office buildings
    APN
    5447-027-907
    APU
    5447027907

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,436,000
      Market price range: $3.44M - $11.5M

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.223
    Latitude
    34.0698
    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
    2023
    $0.00
    $659,876
    $0.00
    $659,876
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,275,000
      6,178 SF

      2914 Main St

      OFFICE BUILDING • 6,178 SF
      2914 Main St, Los Angeles, CA 90031-3325
      View Details
    • Value Estimation
      $755,000
      2,350 SF

      2929 Broadway

      OFFICE BUILDING • 2,350 SF
      2929 Broadway, Los Angeles, CA 90031-2602
      View Details
    • Value Estimation
      $1,480,000
      4,388 SF

      2701 Main St

      OFFICE BUILDING • 4,388 SF
      2701 Main St, Los Angeles, CA 90031-3320
      View Details
    • Value Estimation
      $2,310,000
      6,414 SF

      1839 Hancock St

      PROFESSIONAL BUILDING • 6,414 SF
      1839 Hancock St, Los Angeles, CA 90031-3428
      View Details
    • Value Estimation
      $6,940,000
      20,875 SF

      2427 Birkdale St

      OFFICE BUILDING • 20,875 SF
      2427 Birkdale St, Los Angeles, CA 90031-1003
      View Details
    • Value Estimation
      $1,065,000
      2,904 SF

      Los Angeles, CA 90031

      PROFESSIONAL BUILDING • 2,904 SF
      Los Angeles, CA 90031
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Lincoln Medical Building For Sale

      Medical building 100% leased, anchored by County of Los Angeles.
      3331 N Broadway, 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
    • $1,400,000
      5,624 SF

      Lincoln Heights Corner Lot Opportunity

      High-visibility corner lot ideal for mixed-use or commercial development.
      2806 N Main St, Los Angeles, CA 90031
      View Details

    Similar Nearby for Lease

    • $2,800 /Mo

      Creative Mixed-Use Building For Rent

      Single-tenant building in Lincoln Heights with high foot traffic.
      2514 Daly St, Lincoln Heights, CA 90031
      View Details
    • $2 SF/Yr
      1,500 SF

      2nd Floor Office Units

      2nd Floor Office Units
      2414 N Broadway, Los Angeles, CA 90031
      View Details
    • $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
    • $2,250 /Mo
      630 SF

      Upscale Studio in Gated Community

      Modern studio in Lincoln Heights with resort-style amenities and easy commuting.
      360 W Avenue 26, Lincoln Heights, 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
    • $2 SF/Yr
      5,782 SF

      Industrial Flex Building with Parking

      5,782 SF industrial/flex building with fenced parking for rent.
      1760 North Main St, 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.
    255 Ave 17
    Los Angeles, CA 90031-2503
    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.