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    28916 Western Ave Rancho Palos Verdes, CA 90275-0805
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    Property profile & analytics

    28916 Western Ave, Rancho Palos Verdes, CA 90275-0805

    View on Map
    • Office buildings
    • 1,490 SF
    • 0.31 lot acres
    Off-Market
    Property ID
    US10-0169825
    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
    $650,000
    Show details
    Cap Rate Potential
    9.9%
    Office buildings
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 28916 Western Ave

    Year built
    1957
    Construction
    WOOD
    Lot size
    0.31 lot acres
    Zone code
    LCC1YY
    Property type
    Office buildings
    APN
    7445-005-007
    APU
    7445005007

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 23, 2022 — 28916 South Western Avenue LLC — Deed · related $700k · Firstrust Bank
    Mar 5, 2021 — 28916 South Western Avenue LLC — Deed · related $700k · Firstrust Bank
    Jul 3, 2018 — 28916 South Western Avenue LLC — Deed · related $415k · United Community Bank
    May 27, 2016 $1,250,000 28916 South Western Avenue LLC Rolling Hills Ah Properties LLC Grant Deed $1.3M · Rolling Hills Ah Properties LLC
    Apr 2, 2009 $1,350,000 Rolling Hills Ah Properties Ll Streeter Family Trust Grant Deed $1.1M · Bank Of America

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $580,000
      6.5%
      $535,000
      7%
      $495,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $606,000
      Market price range: $67.9k - $606k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $670,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $905,000
      Change: +36% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $690,000
      Change: +3% Conversion: Difficult
      MEDICAL BUILDING
      $675,000
      Change: +1% Conversion: Easy
      RETAIL STORES
      $570,000
      Change: -15% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Rancho Palos Verdes
    County
    Los Angeles
    State
    California
    Longitude
    -118.31
    Latitude
    33.7565
    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
    $18,091
    $1,276,642
    $174,085
    $1,450,727
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $6,280,000
      20,437 SF

      550 Silver Spur Rd

      OFFICE BUILDING
      550 Silver Spur Rd, Rolling Hills Estates, CA 90275-3601
      View Details
    • Value Estimation
      $2,060,000
      11,854 SF

      5837 Crst Rd

      OFFICE BUILDING
      5837 Crst Rd, Rancho Palos Verdes, CA 90275-5701
      View Details
    • Value Estimation by Request
      1.30 Acres

      Rancho Palos Verdes, CA 90275

      OFFICE BUILDING
      Rancho Palos Verdes, CA 90275
      View Details
    • Value Estimation
      $4,215,000
      23,835 SF

      550 Silver Spur Rd

      OFFICE BUILDING
      550 Silver Spur Rd, Rolling Hills Estates, CA 90275-3601
      View Details
    • Value Estimation
      $9,835,000
      34,984 SF

      500 Silver Spur Rd

      OFFICE BUILDING
      500 Silver Spur Rd, Rolling Hills Estates, CA 90275-3637
      View Details
    • Value Estimation
      $2,315,000
      7,008 SF

      450 Silver Spur Rd

      OFFICE BUILDING
      450 Silver Spur Rd, Rancho Palos Verdes, CA 90275-3573
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Mixed-Use Complex on Western Avenue

      Two-story mixed-use complex with high visibility and traffic.
      28619-28649 S Western Ave, Rancho Palos Verdes, CA 90275
      View Details
    • $1,995,000
      61,417.00 Acres

      Rancho Palos Verdes Vacant Land

      1.4-acre vacant lot with panoramic ocean and city views.
      Na, Rancho Palos Verdes, CA 90275
      View Details
    • $990,000
      21,141.00 Acres

      Ocean View Rancho Palos Verdes Land

      Buildable lot with ocean views near hiking and amenities.
      Tarragon Rd, Rancho Palos Verdes, CA 90275
      View Details
    • $1,990,000
      46,739.00 Acres

      Rancho Palos Verdes Oceanfront Estate Lot

      Premier 1.08-acre vacant lot with panoramic ocean views.
      3315 Palo Vista Dr, Rancho Palos Verdes, CA 90275
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Mediterranean Style Office Building

      Three-story office building with elegant lobbies and outdoor courtyard.
      Rancho Palos Verdes, CA 90275
      View Details
    • $25 SF/Yr
      22,811 SF

      Rancho Palos Verdes Office Space

      Prime Office Suites, Multiple Sizes Available
      29000 Western Ave, Rancho Palos Verdes, CA 90275
      View Details
    • Contact for pricing
      1,807 SF

      Rolling Hills Office Space Available

      Second floor office space available for rent in Rolling Hills.
      550 Silver Spur Rd, Rolling Hills, CA 90275
      View Details
    • Contact for pricing

      Mixed-Use Complex on Western Avenue

      Two-story mixed-use complex with high visibility on Western Avenue.
      28619-28649 S Western Ave, Rancho Palos Verdes, CA 90275
      View Details
    • Contact for pricing

      Rancho Palos Verdes Retail/Office Space

      Turn-key location suitable for dental or retail/office use.
      28358 S Western Ave, Rancho Palos Verdes, CA 90275
      View Details
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    Rancho Palos Verdes, CA 90275-0805
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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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