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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2720 Olympic Blvd Los Angeles, CA 90023-3410

    • Manufacturing properties
    • 5,500 SF
    • 0.15 lot acres
    OFF-MARKET
    Value Estimations
    $635,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7759716
    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

    • El Cabo Pepe's (Pepe's Red Tacos) / Restaurant
    • Progreso Market / Department Store / Grocery & Convenience Store
    • Salon De Fiestas Lupitas / Accounting Firm / Tax Preparation
    • LOS MEXICANOS CANDY / Specialty Food Shop / Candy Store
    • Clothing Outlet / Clothing Store

    Property Details for 2720 Olympic Blvd

    Year built
    1948
    Construction
    TILT-UP CONCRETE
    Lot size
    0.15 lot acres
    Property size
    5,500 SF
    Zone code
    LAC2
    Property type
    Manufacturing properties
    APN
    5170-027-009
    APU
    5170027009

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.219
    Latitude
    34.0237
    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
    $7,005
    $181,201
    $334,529
    $515,730
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      432 SF

      1508 Grande Vis Ave

      MANUFACTURING (LIGHT) • 432 SF
      1508 Grande Vis Ave, Los Angeles, CA 90023
      View Details
    • Value Estimation
      $1,430,000
      10,538 SF

      3461 14th St

      MANUFACTURING (LIGHT) • 10,538 SF
      3461 14th St, Los Angeles, CA 90023-3817
      View Details
    • Value Estimation
      $1,395,000
      7,914 SF

      3627 8th St

      MANUFACTURING (LIGHT) • 7,914 SF
      3627 8th St, Los Angeles, CA 90023-3042
      View Details
    • Value Estimation
      $13,200,000
      177,800 SF

      2155 7th St

      HEAVY MANUFACTURING • 177,800 SF
      2155 7th St, Los Angeles, CA 90023-1000
      View Details
    • Value Estimation
      $1,250,000
      6,864 SF

      624 Anderson St

      MANUFACTURING (LIGHT) • 6,864 SF
      624 Anderson St, Los Angeles, CA 90023-1106
      View Details
    • Value Estimation
      $930,000
      5,400 SF

      2922 Olympic Blvd

      FOOD PROCESSING • 5,400 SF
      2922 Olympic Blvd, Los Angeles, CA 90023-3414
      View Details

    Similar Nearby for Sale

    • $1,500,000

      Los Angeles Heavy Manufacturing Site

      Manufacturing property located near downtown Los Angeles.
      3408 E 15Th St, Los Angeles, CA 90023
      View Details
    • $2,350,000
      5,400 SF

      Industrial Property with Yard Space

      Industrial building with yard space suitable for various uses.
      3431 E 15Th St, Los Angeles, CA 90023
      View Details
    • $1,499,000
      4,382 SF

      Los Angeles Commercial Property For Sale

      Free-standing commercial building in a dynamic Los Angeles neighborhood.
      2655 Short St, Los Angeles, CA 90023
      View Details
    • $860,000
      4,120 SF

      Versatile Warehouse Space Near Downtown

      4,120 SF warehouse space ideal for manufacturing, storage, or distribution.
      3328 E 14Th St, Los Angeles, CA 90023
      View Details
    • $1,200,000
      5,410 SF

      Boyle Heights Industrial Corner Property

      5,410 SF building in Boyle Heights industrial area.
      3109 E 11Th St, Los Angeles, CA 90023
      View Details
    • $6,000,000
      20,000 SF

      Warehouse/Distribution Building Near Freeways

      20,000 SF warehouse/distribution building, easy freeway access.
      2801 E 11Th St, Los Angeles, CA 90023
      View Details

    Similar Nearby for Lease

    • $1.32 SF/Yr
      4,100 SF

      Prime LA Industrial Space For Lease

      4,100 SF Manufacturing/Warehouse in CBD
      1350 Velasco St, Los Angeles, CA 90023
      View Details
    • $2 SF/Yr
      113,347 SF

      Refrigerated Production Plant for Rent

      Class A refrigerated production plant in central Los Angeles.
      4000 Noakes St, Commerce, CA 90023
      View Details
    • Contact for pricing
      1,844,445 SF

      Industrial Space Available For Lease

      Industrial and warehouse spaces available for lease, various sizes.
      2651 E 12Th St, Los Angeles, CA 90023
      View Details
    • $2 SF/Yr
      2,204 SF

      Eastside Warehouse/Manufacturing Facility Available

      Warehouse/manufacturing facility near Olympic & Soto, Los Angeles.
      1465 S Lorena St, Los Angeles, CA 90023
      View Details
    • $1.00 SF/Yr
      40,000 SF

      Refurbished Manufacturing/Distribution Facility

      Refurbished 40,000 SF manufacturing/distribution facility in Boyle Heights.
      3101 E 12Th St, Los Angeles, CA 90023
      View Details
    • $1.25 SF/Yr
      6,400 SF

      Immaculate Refurbished Industrial Space

      Immaculate Refurbished Industrial Space
      3433 E Pico Blvd, Los Angeles, CA 90023
      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.
    2720 Olympic Blvd
    Los Angeles, CA 90023-3410
    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.