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    2846 8th St Los Angeles, CA 90005-1589
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    Property profile & analytics

    2846 8th St Los Angeles, CA 90005-1589

    View on Map
    • Office buildings
    • 5,010 SF
    • 0.28 lot acres
    Off-Market
    Property ID
    US09-6530409
    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
    $1,505,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Young S.Koh,CPA / Accounting Firm / Tax Preparation
    • Hannghari Ceramic Studio / Training Center / Vocational School
    • E C Fire Co / Fire Station
    • Pacific Termite / Garden Center
    • ILshinLA freight.inc / Freight Service / Logistics Company

    Property Details for 2846 8th St

    Year built
    1970
    Construction
    TILT-UP CONCRETE
    Lot size
    0.28 lot acres
    Property size
    5,010 SF
    Zone code
    LAR4
    Property type
    Office buildings
    APN
    5077-022-030
    APU
    5077022030

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,115,000
      6.5%
      $1,950,000
      7%
      $1,810,000

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $2,280,000
      NEIGHBORHOOD: SHOPPING CENTER
      $2,120,000
      RETAIL STORES
      $2,055,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.288
    Latitude
    34.0574
    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
    $17,977
    $807,665
    $595,353
    $1,403,018
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $8,535,000
      42,561 SF

      630 Shatto Pl

      OFFICE BUILDING (MULTI-STORY) • 42,561 SF
      630 Shatto Pl, Los Angeles, CA 90005-1303
      View Details
    • Value Estimation
      $1,255,000
      3,600 SF

      610 Kingsley Dr

      OFFICE BUILDING • 3,600 SF
      610 Kingsley Dr, Los Angeles, CA 90005-2318
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    • Value Estimation
      $2,915,000
      17,127 SF

      711 Vermont Ave

      OFFICE BUILDING • 17,127 SF
      711 Vermont Ave, Los Angeles, CA 90005-1519
      View Details
    • Value Estimation
      $1,650,000
      2,640 SF

      2954 8th St

      OFFICE BUILDING • 2,640 SF
      2954 8th St, Los Angeles, CA 90005-1524
      View Details
    • Value Estimation
      $810,000
      4,904 SF

      612 Shatto Pl

      OFFICE BUILDING (MULTI-STORY) • 4,904 SF
      612 Shatto Pl, Los Angeles, CA 90005-1301
      View Details
    • Value Estimation
      $3,865,000
      690 SF

      625 Berendo St, Unit 990

      OFFICE BUILDING • 690 SF
      625 Berendo St, Los Angeles, CA 90005-1718
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Los Angeles Office Space Available

      Office space totaling approximately 4,992 square feet on 9,619 square foot lot.
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      Two-Story Retail and Office Building

      Two-story building with retail and office units for sale.
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      Koreatown Redevelopment Opportunity

      Prime redevelopment opportunity in Koreatown with RTI plans for 44 units.
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      7,950 SF

      Koreatown Showroom-Warehouse on Large Lot

      Commercial property with showroom-warehouse in high-traffic Koreatown.
      963-965 S Western Ave, Los Angeles, CA 90005
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      Duplex on Large Lot

      Duplex with potential for owner-user, investor, or developer.
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    • $3,975,000
      22,620 SF

      Los Angeles Commercial Property For Sale

      Commercial property in Los Angeles, CA, totaling 22,620 square feet.
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    Similar Nearby for Lease

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      2,436 SF

      Two-Story House with Ample Parking

      Two-story house with parking; commercial uses possible.
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      Creative Office/Studio Space Available

      Creative office or recording studio space for rent.
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    • Contact for pricing
      2,400 SF

      Retail Space on Western Avenue

      Retail space suitable for pet services, beauty, health, and more.
      1710-1732 S Western Ave, Los Angeles, CA 90005
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    • $3,400 /Mo

      Oxford Palace Retail Space Available

      740 sq ft retail space in Oxford Palace Hotel.
      745 S Oxford Ave, Los Angeles, CA 90005
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    • Contact for pricing
      1,188 SF

      Retail/Restaurant Space Available

      Prime retail or restaurant spaces for rent.
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      View Details
    • $2 SF/Yr
      2,200 SF

      Retail Building with Showroom

      Freestanding retail building featuring showroom and office improvements.
      918 N Western Ave, Los Angeles, CA 90005
      View Details
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    Los Angeles, CA 90005-1589
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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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