Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    2929 Vermont Ave Los Angeles, CA 90007-3031
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2929 Vermont Ave Los Angeles, CA 90007-3031

    View on Map
    • Retail space
    • 12,510 SF
    • 0.29 lot acres
    Off-Market
    Last Sale Dec 29, 2022
    Property ID
    US09-7212244
    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
    $1,930,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • LA Express Air Duct Cleaning Service - Dryer Vent Cleaning & Chimney Sweep / General Contractor / Renovation Specialist
    • CA True Garage Doors Repair Services - Door & Springs Installation Service / Corporate Office
    • KeyExpress Locksmiths / Locksmith / (Bike/Boat/Book/etc) Store
    • Vermont Outlet True Value: Home Improvement Center / Building Supply / Hardware & Home Improvement

    Property Details for 2929 Vermont Ave

    Year built
    1916
    Construction
    TILT-UP CONCRETE
    Lot size
    0.29 lot acres
    Property size
    12,510 SF
    Zone code
    LAC2
    Property type
    Retail space
    APN
    5054-037-012
    APU
    5054037012

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,442,000
      Market price range: $2.44M - $8.53M

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.292
    Latitude
    34.028
    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
    $5,605
    $256,877
    $69,636
    $326,513
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,395,000
      7,530 SF

      125 24th St

      RETAIL STORES (PERSONAL SERVICES) • 7,530 SF
      125 24th St, Los Angeles, CA 90007
      View Details
    • Value Estimation
      $3,620,000
      19,838 SF

      2512 Figueroa St

      RETAIL STORES (PERSONAL SERVICES) • 19,838 SF
      2512 Figueroa St, Los Angeles, CA 90007-2549
      View Details
    • Value Estimation
      $1,350,000
      4,482 SF

      3112 Budlong Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,482 SF
      3112 Budlong Ave, Los Angeles, CA 90007-2863
      View Details
    • Value Estimation
      $1,915,000
      6,480 SF

      2216 Un Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,480 SF
      2216 Un Ave, Los Angeles, CA 90007-1841
      View Details
    • Value Estimation by Request
      798 SF

      1459 Washington Blvd

      RETAIL STORES (PERSONAL SERVICES) • 798 SF
      1459 Washington Blvd, Los Angeles, CA 90007-1237
      View Details
    • Value Estimation
      $1,980,000
      6,634 SF

      1961 Vermont Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,634 SF
      1961 Vermont Ave, Los Angeles, CA 90007-1254
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,188 SF

      Mechanic Shop on High Traffic

      Mechanic shop with bay and equipment on high-traffic street.
      1424 W Jefferson Blvd, Los Angeles, CA 90007
      View Details
    • Contact for pricing

      Parking Lot With Striped Spaces

      Parking lot featuring 12 striped spaces for sale.
      138 W 21St St, Los Angeles, CA 90007
      View Details
    • $1,700,000
      3,749 SF

      Signalized Corner Commercial Property

      Signalized Corner Commercial Property
      1911 New England St, Los Angeles, CA 90007
      View Details
    • $900,000
      1,188 SF

      Los Angeles Commercial Building Opportunity

      Commercial building near USC, ideal for renovation or value-add project.
      1424 W Jefferson Blvd, Los Angeles, CA 90007
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      486 SF

      Remodeled Retail Space Available

      Open, remodeled retail space with bathroom for rent.
      2300-2306 S Union Ave, Los Angeles, CA 90007
      View Details
    • $2,500 /Mo
      1,150 SF

      Versatile Workspace on S Broadway

      1,150 sqft workspace suitable for various small businesses.
      Los Angeles, CA 90007
      View Details
    • Contact for pricing

      Retail Spaces Available For Rent

      Retail spaces available, ranging from 920 to 1,895 square feet.
      2323 S Hoover St, Los Angeles, CA 90007
      View Details
    • Contact for pricing

      Prime Retail Space Near USC

      High-visibility retail space near USC with significant traffic.
      2524 S Vermont Ave, Los Angeles, CA 90007
      View Details
    • Contact for pricing

      28,418 SF Retail Opportunity

      Retail space in historic Lincoln Heights neighborhood, Los Angeles.
      3016 Main St, Los Angeles, CA 90007
      View Details
    • Contact for pricing
      12,247 SF

      Retail Space at The Lorenzo

      Retail space for lease at 325 W Adams Blvd.
      325 W Adams Blvd, 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.
    2929 Vermont Ave
    Los Angeles, CA 90007-3031
    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!