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    Property profile & analytics

    3100 Wilshire Blvd Los Angeles, CA 90010

    • Retail space
    • 32,208 SF
    • 0.75 lot acres
    For Sale
    View listing
    Last Sale
    Mar 20, 2020
    $16,770,167
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7668696
    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

    • I. Custom Tailors / Tailor / Clothing Alteration Service
    • Italian Custom Tailors (이태리 양복점) / Tailor / Clothing Alteration Service
    • Antioch Mission Church / Church
    • Beach Front Property Management - Los Angeles @ Wilshire Blvd / Apartment Building

    Property Details for 3100 Wilshire Blvd

    Year built
    1939
    Construction
    TILT-UP CONCRETE
    Lot size
    0.75 lot acres
    Property size
    32,208 SF
    Zone code
    LAC4
    Property type
    Retail space
    APN
    5077-011-001
    APU
    5077011001

    Description

    This exceptional mixed-use property at 3100 Wilshire Boulevard in Los Angeles, CA, presents a compelling investment opportunity. The 39,098 square foot building, constructed in 1939, is situated on a 32,857 square foot lot and features a desirable C4-4-C zoning designation. Currently configured as a storefront and traditional office space, this Class B property offers significant flexibility. The building boasts impressive high bow-truss ceilings on the second floor and a large secured surface parking lot. Its central location provides convenient access to the 10, 101, and 110 freeways, placing it within easy reach of Downtown LA, Hollywood, Silverlake, and Mid-Wilshire. The property benefits from its location in an area experiencing significant redevelopment, demonstrating strong market demand. Furthermore, existing entitlements allow for a substantial mixed-use development project, including 297 residential units (with 33 designated as affordable) and 7,110 square feet of retail space. This presents a unique chance to capitalize on the area's growth and create a high-value, multi-faceted development. The property consists of one building with two stories and has the APN numbers 5077-011-001, 003, 005. This is a value-add investment opportunity with significant upside potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $16,360,000
      ML approach
      $9,775,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $12,460,000
      6.5%
      $11,500,000
      7%
      $10,680,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $13,225,000
      Current use
      AUTO REPAIR, GARAGE
      $17,510,000
      Change: +32% Conversion: Difficult
      OFFICE BUILDING
      $16,165,000
      Change: +22% Conversion: Easy
      MEDICAL BUILDING
      $14,670,000
      Change: +11% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $13,640,000
      Change: +3% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.289
    Latitude
    34.0614
    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
    $220,220
    $8,899,276
    $9,081,550
    $17,980,826
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,435,000
      12,944 SF

      4001 Wilshire Blvd

      RETAIL STORES (PERSONAL SERVICES) • 12,944 SF
      4001 Wilshire Blvd, Los Angeles, CA 90010-3435
      View Details
    • Value Estimation
      $1,075,000
      3,192 SF

      Los Angeles, CA 90010

      RETAIL STORES (PERSONAL SERVICES) • 3,192 SF
      Los Angeles, CA 90010
      View Details
    • Value Estimation
      $9,375,000
      29,864 SF

      3785 Wilshire Blvd

      RETAIL STORES (PERSONAL SERVICES) • 29,864 SF
      3785 Wilshire Blvd, Los Angeles, CA 90010-2889
      View Details
    • Value Estimation
      $2,380,000
      5,358 SF

      3950 Wilshire Blvd

      RETAIL STORES (PERSONAL SERVICES) • 5,358 SF
      3950 Wilshire Blvd, Los Angeles, CA 90010-3303
      View Details
    • Value Estimation
      $11,060,000
      35,128 SF

      Los Angeles, CA 90010

      RETAIL STORES (PERSONAL SERVICES) • 35,128 SF
      Los Angeles, CA 90010
      View Details
    • Value Estimation
      $780,000
      4,720 SF

      3820 Wilshire Blvd

      RETAIL STORES (PERSONAL SERVICES) • 4,720 SF
      3820 Wilshire Blvd, Los Angeles, CA 90010-3203
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      39,098 SF

      Wilshire Blvd Mixed-Use Opportunity

      Prime LA location, high-ceiling space, value-add potential.
      3100 Wilshire Blvd, Los Angeles, CA 90010
      View Details
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      39,098 SF

      Retail Storefront Building For Sale

      Vacant retail storefront building available for purchase.
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    • $2,788,000

      Luxury High-Rise Penthouse with Views

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    Similar Nearby for Lease

    • Contact for pricing

      Retail and Restaurant Spaces Available

      Ground floor retail and restaurant spaces in new development.
      2900 Wilshire Blvd, Los Angeles, CA 90010
      View Details
    • $4 SF/Yr
      1,110 SF

      Retail Space on Wilshire Boulevard

      Retail space available for lease in Los Angeles.
      3785 Wilshire Blvd, Los Angeles, CA 90010
      View Details
    • $66 SF/Yr
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      Koreatown Food Hall Opportunity

      Prime Koreatown Food Hall - 10,837 SF
      3500 Wilshire Blvd, Los Angeles, CA 90010
      View Details
    • $36 SF/Yr
      333,324 SF

      Solair Retail: Prime LA Location

      High-density retail space, 3 units available
      3785 Wilshire Blvd, Los Angeles, CA 90010
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    • $3 SF/Yr
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      Harbor Building: Creative Office Space

      Prestigious LA Creative Office, 152,600 SF Available
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      View Details
    • $2 SF/Yr
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      Prime Wilshire Blvd Executive Suites

      Los Angeles Class A Office Space Available
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      View Details
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    Los Angeles, CA 90010
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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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