Add Listing
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

    2894 Rowena Ave Los Angeles, CA 90039-2074

    • Office buildings
    • 7,275 SF
    • 0.41 lot acres
    OFF-MARKET
    Value Estimations
    $1,335,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7338371
    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

    • Adee Roberson Massage and Bodywork / Alternative Medicine Practice / Spa & Massage Center
    • Under Velvet Lounge / Music Venue / Bar & Pub
    • Amon Benavides / Marriage Or Relationship Counselor
    • California psychological services, Inc / Crisis Center / Medical Clinic
    • Makisupa Coffee Bar / Cafe & Coffee Shop

    Property Details for 2894 Rowena Ave

    Year built
    1948
    Construction
    WOOD
    Lot size
    0.41 lot acres
    Property size
    7,275 SF
    Zone code
    LAC2
    Property type
    Office buildings
    APN
    5434-035-004
    APU
    5434035004

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,727,000
      Market price range: $1.73M - $5.76M

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.268
    Latitude
    34.1078
    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
    $11,317
    $522,565
    $307,387
    $829,952
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $555,000
      1,868 SF

      2812 Avenel St

      OFFICE BUILDING • 1,868 SF
      2812 Avenel St, Los Angeles, CA 90039-2047
      View Details
    • Value Estimation
      $590,000
      1,933 SF

      2933 Rowena Ave

      OFFICE BUILDING • 1,933 SF
      2933 Rowena Ave, Los Angeles, CA 90039-2003
      View Details
    • Value Estimation by Request
      2,139 SF

      2901 Rowena Ave

      OFFICE BUILDING • 2,139 SF
      2901 Rowena Ave, Los Angeles, CA 90039-2003
      View Details
    • Value Estimation
      $1,005,000
      4,936 SF

      2870 Los Feliz Blvd

      OFFICE BUILDING • 4,936 SF
      2870 Los Feliz Blvd, Los Angeles, CA 90039-1525
      View Details
    • Value Estimation
      $4,620,000
      12,136 SF

      3021 Gilroy St

      OFFICE BUILDING • 12,136 SF
      3021 Gilroy St, Los Angeles, CA 90039-2819
      View Details
    • Value Estimation
      $1,355,000
      7,363 SF

      4675 Colorado Blvd

      OFFICE BUILDING • 7,363 SF
      4675 Colorado Blvd, Los Angeles, CA 90039
      View Details

    Similar Nearby for Sale

    • New
      $1,250,000
      0.08 Acres

      Charming Bungalow with Versatile Living

      Unique property with bungalow, loft, and office in Los Angeles.
      2449 Riverside Pl, Los Angeles, CA 90039
      View Details
    • $1,450,000
      1,513 SF

      Elysian Heights Triplex Investment Opportunity

      Upgraded triplex in prime Echo Park location with income potential.
      2142 Baxter St, Los Angeles, CA 90039
      View Details
    • $899,000
      0.17 Acres

      Silver Lake Development Opportunity

      Vacant lot in prime Silver Lake location.
      2250 Fargo St, Los Angeles, CA 90039
      View Details
    • $350,000
      3,644.00 Acres

      Los Angeles Land with Views

      Buildable lot near Silverlake's Roselin Steps with unobstructed views.
      2106 Roselin Pl, Los Angeles, CA 90039
      View Details
    • $340,000
      0.09 Acres

      Silver Lake Land with Views

      4,000 sq ft lot in desirable Silver Lake.
      2380 Loma Vista Pl, Los Angeles, CA 90039
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      37,901 SF

      New Office Building with Patios

      Newly constructed office building with natural light and private patios.
      3333 Casitas Ave North Campus, Los Angeles, CA 90039
      View Details
    • Contact for pricing

      Creative Office Space Available

      Second-floor creative office suite with private entrance and bathroom.
      3222 Glendale Blvd, Los Angeles, CA 90039
      View Details
    • Contact for pricing

      Atwater Village Industrial Flex Space

      9,000 SF building with 2,500 SF office flex space.
      4200 Chevy Chase Dr, Los Angeles, CA 90039
      View Details
    • $3 SF/Yr

      Atwater Village Office Space Available

      Office space for rent in a desirable Atwater Village location.
      2965 Glendale Blvd, Los Angeles, CA 90039
      View Details
    • Contact for pricing
      65,260 SF

      Creative Campus Near Griffith Park

      Adaptive reuse creative campus with industrial-scale space and natural lighting.
      4000 Chevy Chase Dr, Los Angeles, CA 90039
      View Details
    • Contact for pricing

      Prime Retail Opportunity on Sunset

      Two-level retail space with redevelopment opportunity in Silver Lake.
      2511-2513 W Sunset Blvd, Los Angeles, CA 90039
      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.
    2894 Rowena Ave
    Los Angeles, CA 90039-2074
    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.
    Sign Up Successful!
    You now have access to more from Realmo!