Sign Up Successful!
You now have access to more from Realmo!
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

    311 Firmin St Los Angeles, CA 90026

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-1539810
    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

    • Commercial real estate

    Property Details for 311 Firmin St

    Property type
    Commercial real estate
    APN
    5160-022-036

    Description

    This exceptional 7,259 square foot lot presents a compelling investment opportunity in Los Angeles's burgeoning Westlake neighborhood. Located at 311 Firmin St, Los Angeles, CA 90026, this R4(CW)-75/3-0 zoned parcel offers significant potential for high-density residential development. The area has seen substantial revitalization in recent years, with hundreds of new residential units constructed nearby. The property boasts stunning city light views of the Downtown Los Angeles skyline and is conveniently located near major attractions including Crypto.com Arena, Dodger Stadium, and cultural institutions. Priced at $700,000 ($96.43 per square foot), this site is an attractive proposition for developers seeking to capitalize on the area's growth. The property's APN is 5160-022-036. The lot can be purchased individually or combined with adjacent parcels (APN 5160-022-034 and -035) for a larger development project. The existing zoning allows for multi-family communities, and the property qualifies for the City of Los Angeles Transit Oriented Communities Affordable Housing Incentive Program (Tier 2, verification required). Buyer is responsible for verifying all information and square footage.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.254732
    Latitude
    34.063519

    Comparable in this City

    • New
      $1,399,990
      4,597.00 Acres

      Silver Lake Investment Opportunity

      Four-unit fixer-upper with vacant lot near Sunset Blvd.
      1421 Silver Lake Blvd, Los Angeles, CA 90026
      View Details
    • $1,200,000

      Echo Park Development Opportunity

      Development site in Echo Park with mixed-use zoning.
      1506 Glendale Blvd, Los Angeles, CA 90026
      View Details
    • $2,350,000

      Echo Park Multifamily Development Opportunity

      Prime double lot in Echo Park, Los Angeles for multifamily development.
      900 N Alvarado St, Los Angeles, CA 90026
      View Details
    • $3,500,000

      Silver Lake Mixed-Use Investment Opportunity

      Mixed-use property in Silver Lake with retail and residential units.
      2506 Sunset Blvd, Los Angeles, CA 90026
      View Details
    • $2,600,000

      Echo Park 8-Unit Apartment Building

      Historic 8-unit apartment building in Echo Park, built in 1923.
      1325 Douglas St, Los Angeles, CA 90026
      View Details
    • $1,198,000

      Multifamily Investment Opportunity Near Echo Park

      Multifamily property near Echo Park with repositioning potential.
      1660 2Nd St, Los Angeles, CA 90026
      View Details

    Similar Nearby for Sale

    • $1,200,000

      Echo Park Development Opportunity

      Development site in Echo Park with mixed-use zoning.
      1506 Glendale Blvd, Los Angeles, CA 90026
      View Details
    • New
      $1,399,990
      4,597.00 Acres

      Silver Lake Investment Opportunity

      Four-unit fixer-upper with vacant lot near Sunset Blvd.
      1421 Silver Lake Blvd, Los Angeles, CA 90026
      View Details
    • $2,350,000

      Echo Park Multifamily Development Opportunity

      Prime double lot in Echo Park, Los Angeles for multifamily development.
      900 N Alvarado St, Los Angeles, CA 90026
      View Details
    • $3,400,000
      6,025 SF

      Luxury 5-Unit LA Apartment Building

      Prime LA location, high-yield investment.
      216 Coronado St, Los Angeles, CA 90026
      View Details
    • $2,700,000
      5,666 SF

      Mixed-Use Building in Los Angeles

      Mixed-use building with 7 units in a transforming area.
      2240 W Temple St, Los Angeles, CA 90026
      View Details
    • $1,500,000
      2,028 SF

      Los Angeles Mixed-Use Property

      Mixed-use property in Los Angeles, California.
      1414 Lake Shore Ave, Los Angeles, CA 90026
      View Details

    Similar Nearby for Lease

    • $2,850 /Mo
      650 SF

      Angelino Heights Carriage House Retreat

      Charming one-bedroom carriage house in vibrant Echo Park/Silver Lake area.
      1008 Douglas St, Los Angeles, CA 90026
      View Details
    • Contact for pricing
      25,827 SF

      Echo Park Land Available

      25,827 SF land available in Echo Park.
      600-606 N Alvarado St, Los Angeles, CA 90026
      View Details
    • Contact for pricing
      4,027 SF

      Echo Park Retail Space For Lease

      Prime 4,027 SF Retail, 15 Parking Spaces
      1030 Alvarado St, Los Angeles, CA 90026
      View Details
    • $6,990 /Mo

      Los Angeles Specialty Property For Rent

      Specialty property available for rent in Los Angeles, CA.
      1403 Avon Park Ter, Los Angeles, CA 90026
      View Details
    • $3 SF/Yr
      1,175 SF

      Retail Space on Sunset Blvd

      Retail space available for rent on Sunset Blvd, Los Angeles.
      2101-2109 W Sunset Blvd, Los Angeles, CA 90026
      View Details
    • $4 SF/Yr
      1,539 SF

      Retail Shell Space Available

      End-cap retail shell space available for rent.
      2650 W Temple St, Los Angeles, CA 90026
      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.
    311 Firmin St
    Los Angeles, CA 90026
    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.