Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2808 Grand Ave Los Angeles, CA 90007
    Back to Search
    Property profile & analytics

    2808 Grand Ave, Los Angeles, CA 90007

    View on Map
    • Manufacturing properties
    • 7,506 SF
    • 0.17 lot acres
    Off-Market
    Property ID
    US09-7458698
    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
    $710,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Manufacturing properties

    Property Details for 2808 Grand Ave

    Year built
    1925
    Construction
    TILT-UP CONCRETE
    Lot size
    0.17 lot acres
    Zone code
    LAM1
    Property type
    Manufacturing properties
    APN
    5122-011-003
    APU
    5122011003

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 21, 2017 — NA Hyung S Living Trust NA,hyung S Quit Claim Deed · related —
    Dec 28, 2016 — James Sung NA James Sung NA Intrafamily Transfer · related $800k · Wells Fargo Bank NA
    Jan 16, 2004 — Gye S NA Gross,tr Grant Deed $1.3M · Hanmi Bank
    — — Gye S NA — Deed Of Trust · related $191k · Farmers & Merchants Bk Lng Bch
    — — Gye S NA — Deed Of Trust · related $855k · Farmers & Merchants Bk Lng Bch
    — — Gye S NA — Deed Of Trust · related $850k · Saehan Bank

    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
    -118.273
    Latitude
    34.0243
    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
    $8,902
    $196,532
    $459,984
    $656,516
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $790,000
      8,320 SF

      2410 Main St

      MANUFACTURING (LIGHT)
      2410 Main St, Los Angeles, CA 90007-2726
      View Details
    • Value Estimation
      $1,920,000
      14,780 SF

      2515 Main St

      MANUFACTURING (LIGHT)
      2515 Main St, Los Angeles, CA 90007
      View Details
    • Value Estimation
      $1,215,000
      13,100 SF

      2615 Hl St

      MANUFACTURING (LIGHT)
      2615 Hl St, Los Angeles, CA 90007-2705
      View Details
    • Value Estimation by Request
      1,500 SF

      3116 Hl St

      MANUFACTURING (LIGHT)
      3116 Hl St, Los Angeles, CA 90007
      View Details
    • Value Estimation
      $1,940,000
      12,923 SF

      2001 Hoover St

      MANUFACTURING (LIGHT)
      2001 Hoover St, Los Angeles, CA 90007-1324
      View Details
    • Value Estimation
      $1,020,000
      6,570 SF

      334 33rd St

      MANUFACTURING (LIGHT)
      334 33rd St, Los Angeles, CA 90007
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,477 SF

      Corner Flex Condo For Rent

      Commercial/Flex condo ideal for light-manufacturing, warehouse, production, showroom.
      3431-3499 S Main St, Los Angeles, CA 90007
      View Details
    • Contact for pricing
      3,060 SF

      Small Industrial Facility with Parking

      Rare industrial facility near USC, ideal for various creative uses.
      2807 S Olive St, Los Angeles, CA 90007
      View Details
    • $1,200,000
      4,940 SF

      Industrial Portfolio South Downtown Los

      Five-parcel industrial portfolio with redevelopment potential near Downtown Los Angeles.
      2100 S Hill St, Los Angeles, CA 90007
      View Details
    • $1,075,000
      5,740 SF

      Flex Space Near Downtown LA

      Flex space with excellent natural light, easy DTLA access.
      149 W 31St St, Los Angeles, CA 90007
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,260 SF

      Free Standing Building Near USC

      M1 Zoned building in an Opportunity Zone near USC.
      3218-3222 S Main St, Los Angeles, CA 90007
      View Details
    • Contact for pricing
      24,800 SF

      Warehouse/Manufacturing Space with Parking

      24,800 SF warehouse/manufacturing space with parking and loading doors.
      245 W 28Th St, Los Angeles, CA 90007
      View Details
    • Contact for pricing
      3,300 SF

      Industrial Space Near The Reef

      Manufacturing space available near The Reef in Los Angeles.
      2330 S Broadway, Los Angeles, CA 90007
      View Details
    • Contact for pricing
      5,143 SF

      Industrial Space Near Fashion District

      Industrial space suitable for storage or light manufacturing in Los Angeles.
      2100-2118 S Broadway, Los Angeles, CA 90007
      View Details
    • Contact for pricing
      7,100 SF

      Manufacturing Space with Loading Docks

      Clean manufacturing space with ground level and dock high loading.
      135 E 33Rd St, Los Angeles, CA 90007
      View Details
    • $0.59 SF/Yr
      5,143 SF

      Industrial Space Near Fashion District

      Industrial space suitable for storage or light manufacturing in Los Angeles.
      Los, Los Angeles, CA 90007
      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.
    2808 Grand Ave
    Los Angeles, CA 90007
    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

    Thank You for Inquiry
    2808 Grand Ave, Los Angeles, CA, 90007
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!