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

    2700 3rd St Los Angeles, CA 90057-1924

    • Parking lots & garages
    • 4,000 SF
    • 0.09 lot acres
    OFF-MARKET
    Last Sale
    Nov 10, 2021
    $3,250,032
    Value Estimations
    $3,080,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-9104433
    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

    • Shapiro Dental Office / Dental Office
    • Shapiro Clara DDS / Dental Office
    • 3rd St. Hair Salon / Hair Salon / Nail Salon
    • Pia skinclinic / Alternative Medicine Practice / Spa & Massage Center
    • AAAZA Inc. / Advertising Agency / Marketing & Advertising

    Property Details for 2700 3rd St

    Year built
    1956
    Construction
    WOOD
    Lot size
    0.09 lot acres
    Property size
    4,000 SF
    Zone code
    LAR4
    Property type
    Parking lots & garages
    APN
    5155-021-024
    APU
    5155021024

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,930,000
      ML approach
      $2,895,000

    • Alternative Use

      Use
      Estimation
      PARKING LOT
      $2,475,000
      Current use
      AUTO REPAIR, GARAGE
      $2,175,000
      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
    -118.28
    Latitude
    34.0663
    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
    $9,901
    $780,300
    $26,010
    $806,310
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      3,370 SF

      Los Angeles, CA 90057

      PARKING LOT • 3,370 SF
      Los Angeles, CA 90057
      View Details
    • Value Estimation by Request
      7,500 SF

      673 Burlington Ave

      PARKING LOT • 7,500 SF
      673 Burlington Ave, Los Angeles, CA 90057
      View Details
    • Value Estimation by Request
      7,500 SF

      677 Burlington Ave

      PARKING LOT • 7,500 SF
      677 Burlington Ave, Los Angeles, CA 90057
      View Details
    • Value Estimation by Request
      14,000 SF

      666 Carondelet St

      PARKING LOT • 14,000 SF
      666 Carondelet St, Los Angeles, CA 90057
      View Details
    • Value Estimation
      $2,165,000
      6,500 SF

      Los Angeles, CA 90057

      PARKING LOT • 6,500 SF
      Los Angeles, CA 90057
      View Details
    • Value Estimation
      $6,840,000
      18,900 SF

      Los Angeles, CA 90057

      PARKING LOT • 18,900 SF
      Los Angeles, CA 90057
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      30,319 SF

      Mixed-Use Building in Pico Union

      32-unit mixed-use building near Downtown Los Angeles.
      694 S Burlington Ave, Los Angeles, CA 90057
      View Details
    • $5,250,000
      8,440 SF

      Historic Filipinotown Performing Arts Venue

      Unique performing arts venue with bar in Historic Filipinotown.
      2214 Beverly Blvd, Los Angeles, CA 90057
      View Details
    • Contact for pricing

      Westlake Approved 6-Unit Development

      Approved 6-unit development, 50% built, downtown LA views.
      253 Carondelet St, Los Angeles, CA 90057
      View Details
    • Contact for pricing
      23,394 SF

      Los Angeles Office Building For Sale

      Office building with development potential in Los Angeles, California.
      2405-2501 W 3Rd St, Los Angeles, CA 90057
      View Details
    • $1,099,000
      3,175 SF

      Los Angeles Quadruplex Investment Opportunity

      Charming 1920s quadruplex in prime Los Angeles location.
      559 S Coronado St, Los Angeles, CA 90057
      View Details
    • $1,350,000
      2,340 SF

      Westlake Multifamily Value-Add Opportunity

      3-Unit Duplex, Huge Upside Potential
      314 Coronado St, Los Angeles, CA 90057
      View Details

    Similar Nearby for Lease

    • $2.00 SF/Yr
      5,800 SF

      5,800 SF Westlake Multi-Use Facility For Lease

      5,800 SF Westlake Multi-Use Facility For Lease
      180 S Alvarado St, Los Angeles, CA 90057
      View Details
    • $2 SF/Yr
      1,961 SF

      Creative Office/Studio in Echo Park

      Creative office/studio space in prime Echo Park location for lease.
      2225 Beverly Blvd, Los Angeles, CA 90057
      View Details
    • $4 SF/Yr
      5,795 SF

      Retail and Residential Units Available

      Retail and residential units for rent near Metro stations.
      602 S Westlake Ave, Los Angeles, CA 90057
      View Details
    • $2,000 /Mo

      Downtown LA Storefront For Rent

      Multi-tenant building with high foot traffic and parking options.
      834 Hoover St, Los Angeles, CA 90057
      View Details
    • $24 SF/Yr
      44,011 SF

      Prime LA Retail Space Available

      Restaurant/Retail Spaces in Los Angeles
      2030 8Th St, Los Angeles, CA 90057
      View Details
    • Contact for pricing
      2,089 SF

      Creative Office/Studio Space Available

      Creative office/studio unit for rent in Los Angeles.
      2221-2225 Beverly Blvd, Los Angeles, CA 90057
      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.
    2700 3rd St
    Los Angeles, CA 90057-1924
    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.