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    3000 Whittier Blvd Los Angeles, CA 90023-1637

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    Property profile & analytics

    3000 Whittier Blvd Los Angeles, CA 90023-1637

    View on Map
    • Investment properties
    • 7,230 SF
    • 0.14 lot acres
    Off-Market
    Property ID
    US09-8258820
    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
    $1,190,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Pakzamir Delaram DDS / Dental Office
    • Dr. Mickeal Jourabchi / Dental Office
    • Dr. Parham Sage, DDS / Dental Office
    • Dr. Pedram Bina / Dental Office
    • PhD Dental Los Angeles Kids, Family & Orthodontics / Dental Office

    Property Details for 3000 Whittier Blvd

    Year built
    1913
    Construction
    TILT-UP CONCRETE
    Lot size
    0.14 lot acres
    Property size
    7,230 SF
    Zone code
    LAC1
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    5189-003-031
    APU
    5189003031

    Description

    This 12,172 square foot, two-story Class B medical building, constructed in 1913 and extensively renovated in 2020, presents a unique investment opportunity in the heart of Boyle Heights, Los Angeles. Located at a high-visibility, signalized intersection on Whittier Boulevard, the property boasts approximately 5,125 square feet of vacant space, offering flexible layouts ranging from 200 to 2,300 square feet. Available spaces include second-floor office suites (approximately 200-2,300 SF), and first-floor options suitable for office or retail use (approximately 2,000 SF and 2,189 SF, the latter a former dental office). The building benefits from rear access and dedicated parking in a private lot with 11 spaces. Its versatile design caters to a variety of uses, including medical, retail, and salon businesses. The property's strategic location within a densely populated area (over 1,000,000 people within a 5-mile radius) and its proximity to eight schools within a quarter mile, and major freeways (I-10, I-5, 101, 710, and 60) ensures high visibility and accessibility. This prime Boyle Heights location offers exceptional potential for growth and return on investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,463,000
      Market price range: $720k - $2.12M
      AI Estimate
      $797,000
      Market price range: $503k - $1.15M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,480,000
      Current use
      INDUSTRIAL (GENERAL)
      $1,785,000
      Change: +21% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.207
    Latitude
    34.0303
    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
    $13,976
    $409,967
    $676,452
    $1,086,419
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
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      View Details
    • Value Estimation
      $720,000
      3,920 SF

      3816 Whittier Blvd

      STORE/OFFICE (MIXED USE) • 3,920 SF
      3816 Whittier Blvd, Los Angeles, CA 90023-2402
      View Details
    • Value Estimation
      $1,205,000
      7,864 SF

      3663 Whittier Blvd

      STORE/OFFICE (MIXED USE) • 7,864 SF
      3663 Whittier Blvd, Los Angeles, CA 90023-1701
      View Details
    • Value Estimation
      $610,000
      3,544 SF

      2889 Pico Blvd

      STORE/OFFICE (MIXED USE) • 3,544 SF
      2889 Pico Blvd, Los Angeles, CA 90023-3609
      View Details
    • Value Estimation by Request
      3,590 SF

      2932 Whittier Blvd

      STORE/OFFICE (MIXED USE) • 3,590 SF
      2932 Whittier Blvd, Los Angeles, CA 90023-1529
      View Details
    • Value Estimation by Request
      1,540 SF

      1211 Lorena St

      STORE/OFFICE (MIXED USE) • 1,540 SF
      1211 Lorena St, Los Angeles, CA 90023-3507
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      Commercial Space for Lease

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    Los Angeles, CA 90023-1637
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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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