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    3276 Pico Blvd Los Angeles, CA 90019-3642
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    Property profile & analytics

    3276 Pico Blvd, Los Angeles, CA 90019-3642

    View on Map
    • Retail space
    • 8,580 SF
    • 0.43 lot acres
    Off-Market
    Property ID
    US09-7223648
    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
    $1,470,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Occidental Cleaners #3 / (Bike/Boat/Book/etc) Store

    Property Details for 3276 Pico Blvd

    Year built
    1979
    Construction
    TILT-UP CONCRETE
    Lot size
    0.43 lot acres
    Zone code
    LAC2
    Property type
    Retail space
    APN
    5073-002-023
    APU
    5073002023

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 7, 2007 — Vered Properties LLC Davidi,abraham Quit Claim Deed · related —
    Feb 12, 2007 — Asaf Investments LLC Vered Properties LLC Quit Claim Deed · related —
    May 11, 2006 — Abraham Davidi Vered Properties LLC Quit Claim Deed · related —
    Feb 1, 2006 — Vered Properties LLC Abraham Davidi Grant Deed $1.3M · Wells Fargo Bank NA
    Mar 30, 1999 $740,000 Davidi,abraham Kim,g O Trustees Deed —
    Feb 2, 1994 $220,000 Gae O Kim Kim,yong P Grant Deed · related $85k · Individual
    — — Asaf Investments LLC — Deed Of Trust · related $250k · Wells Fargo Bk
    — — Abraham Davidi — Deed Of Trust · related $628k · Crown American Bank
    — — Abraham Davidi — Deed Of Trust · related $200k · Wells Fargo Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,040,000
      Market price range: $1.91M - $6.42M

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.315
    Latitude
    34.0469
    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
    $15,441
    $345,811
    $790,000
    $1,135,811
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $4,740,000
      18,045 SF

      1071 La Brea Ave

      RETAIL STORES (PERSONAL SERVICES)
      1071 La Brea Ave, Los Angeles, CA 90019-6906
      View Details
    • Value Estimation
      $1,555,000
      7,754 SF

      3260 Pico Blvd

      RETAIL STORES (PERSONAL SERVICES)
      3260 Pico Blvd, Los Angeles, CA 90019-3639
      View Details
    • Value Estimation
      $1,755,000
      7,776 SF

      4001 Olympic Blvd

      RETAIL STORES (PERSONAL SERVICES)
      4001 Olympic Blvd, Los Angeles, CA 90019-3258
      View Details
    • Value Estimation
      $2,300,000
      2,230 SF

      1617 La Brea Ave

      RETAIL STORES (PERSONAL SERVICES)
      1617 La Brea Ave, Los Angeles, CA 90019-5434
      View Details
    • Value Estimation
      $1,455,000
      4,686 SF

      1088 Fairfax Ave

      RETAIL STORES (PERSONAL SERVICES)
      1088 Fairfax Ave, Los Angeles, CA 90019-4401
      View Details
    • Value Estimation
      $620,000
      3,500 SF

      1051 Fairfax Ave

      RETAIL STORES (PERSONAL SERVICES)
      1051 Fairfax Ave, Los Angeles, CA 90019-4402
      View Details

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    Similar Nearby for Lease

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      22,500 SF

      Venice Blvd Retail Basement Space

      Large, open basement retail space available for rent.
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      Versatile Mixed-Use Space in Los Angeles

      1,056 sq ft mixed-use property in a vibrant location.
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      Retail Space in Neighborhood Center

      Retail, restaurant, medical, and dental spaces available for lease.
      4930-4948 W Pico Blvd, Los Angeles, CA 90019
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    • New
      $3,150 /Mo
      1,450 SF

      Turnkey Retail/Office Suite

      Remodeled retail or office space with ground-floor room plus mezzanine, ample rear parking, and landlord-paid water and trash.
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    • $3,200 /Mo
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      Versatile Mixed-Use Space in Los Angeles

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    Los Angeles, CA 90019-3642
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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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