Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2922 Olympic Blvd Los Angeles, CA 90023-3414
    Back to Search
    Property profile & analytics

    2922 Olympic Blvd, Los Angeles, CA 90023-3414

    View on Map
    • Manufacturing properties
    • 5,400 SF
    • 0.15 lot acres
    Off-Market
    Property ID
    US09-7438671
    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
    $930,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Manufacturing properties

    Property Details for 2922 Olympic Blvd

    Year built
    1948
    Construction
    TILT-UP CONCRETE
    Lot size
    0.15 lot acres
    Zone code
    LAM1
    Property type
    Manufacturing properties
    APN
    5170-025-004
    APU
    5170025004

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 23, 2013 $2,850,000 Seon Investment LLC Jbd Investment Properties LLC Grant Deed $1.4M · Bank Of America
    Jul 11, 2012 $2,080,000 Jbd Investment Properties LLC Balian Ice Cream Co INC Grant Deed —
    Jan 27, 1960 — Balian Ice Cream Co — Grant Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,120,000
      6.5%
      $1,030,000
      7%
      $960,000

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,335,000
      Current use
      WAREHOUSE, STORAGE
      $1,255,000
      Change: -6% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.215
    Latitude
    34.0219
    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
    $12,424
    $390,588
    $576,872
    $967,460
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,088 SF

      3479 Un Pacific Ave

      MANUFACTURING (LIGHT)
      3479 Un Pacific Ave, Los Angeles, CA 90023-3834
      View Details
    • Value Estimation by Request
      1,227 SF

      638 Anderson St

      MANUFACTURING (LIGHT)
      638 Anderson St, Los Angeles, CA 90023-1106
      View Details
    • Value Estimation
      $20,840,000
      263,075 SF

      2301 7th St

      MANUFACTURING (LIGHT)
      2301 7th St, Los Angeles, CA 90023-1035
      View Details
    • Value Estimation
      $1,270,000
      7,169 SF

      1459 Lorena St

      MANUFACTURING (LIGHT)
      1459 Lorena St, Los Angeles, CA 90023-3718
      View Details
    • Value Estimation
      $6,380,000
      37,670 SF

      2830 Lugo St

      MANUFACTURING (LIGHT)
      2830 Lugo St, Los Angeles, CA 90023-4209
      View Details
    • Value Estimation
      $5,295,000
      31,050 SF

      4450 Dunham St

      MANUFACTURING (LIGHT)
      4450 Dunham St, Los Angeles, CA 90023-4113
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      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
    • $860,000

      Versatile Warehouse Space Near Downtown

      4,120 SF warehouse space near downtown Los Angeles.
      3328 E 14Th 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
    • $850,000

      Vacant Warehouse in Commerce, CA

      Vacant warehouse with upgraded electric, convenient freeway access.
      1460 S Bonnie Beach Pl, Commerce, CA 90023
      View Details
    • Contact for pricing
      12,870 SF

      Functional Warehouse with Recent Upgrades

      Upgraded warehouse with gated parking, convenient freeway access.
      3690 Noakes St, Los Angeles, CA 90023
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      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
      9,000 SF

      Manufacturing Building with Secured Yard

      M2 Zoned manufacturing building with secured yard available for rent.
      3045 E 11Th St, Los Angeles, CA 90023
      View Details
    • Contact for pricing
      196,395 SF

      Industrial Space with Dock Loading

      Multiple units available for lease with dock high loading.
      2650 E Olympic Blvd, Los Angeles, CA 90023
      View Details
    • Contact for pricing
      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
    • Contact for pricing

      Industrial Warehouse Near Downtown LA

      68,772 SF warehouse in Boyle Heights, near Downtown LA.
      2801 E 12Th St, Los Angeles, CA 90023
      View Details
    • New
      Contact for pricing
      13,444 SF

      Refurbished Dock-High Warehouse

      Refurbished warehouse with dock-high loading, sprinklers, and a secured fenced yard for practical operations and staging.
      2600 E 8Th St, 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.
    2922 Olympic Blvd
    Los Angeles, CA 90023-3414
    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
    2922 Olympic Blvd, Los Angeles, CA, 90023
    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!