Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    339 Cres Dr Beverly Hills, CA 90210

    • Parking lots & garages
    • 7,200 SF
    • 0.17 lot acres
    OFF-MARKET
    Value Estimations
    $210,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-8735932
    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

    • SERA parking / Valet Parking Service

    Property Details for 339 Cres Dr

    Year built
    1958
    Lot size
    0.17 lot acres
    Property size
    7,200 SF
    Zone code
    BHRMCP*
    Property type
    Parking lots & garages
    APN
    4343-007-018
    APU
    4343007018

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $210,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $140,000
      Market price range: $140k - $568k

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

    Location Insight

    • Map
    • Local Demand
    City
    Beverly Hills
    County
    Los Angeles
    State
    California
    Longitude
    -118.4
    Latitude
    34.0705
    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
    $4,587
    $359,212
    $2,144
    $361,356
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $660,000
      7,300 SF

      155 Cres Dr

      PARKING LOT • 7,300 SF
      155 Cres Dr, Beverly Hills, CA 90210-5409
      View Details
    • Value Estimation
      $350,000
      5,516 SF

      445 Roxbury Dr

      PARKING LOT • 5,516 SF
      445 Roxbury Dr, Beverly Hills, CA 90210
      View Details
    • Value Estimation
      $1,910,000
      54,014 SF

      Beverly Hills, CA 90210

      PARKING LOT • 54,014 SF
      Beverly Hills, CA 90210
      View Details
    • Value Estimation
      $320,000
      5,075 SF

      Beverly Hills, CA 90210

      PARKING LOT • 5,075 SF
      Beverly Hills, CA 90210
      View Details
    • Value Estimation
      $710,000
      64,033 SF

      190 Canon Dr

      PARKING GARAGE, PARKING STRUCTURE • 64,033 SF
      190 Canon Dr, Beverly Hills, CA 90210-5327
      View Details
    • Value Estimation
      $650,000
      2,700 SF

      179 Cres Dr

      PARKING LOT • 2,700 SF
      179 Cres Dr, Beverly Hills, CA 90210
      View Details

    Similar Nearby for Sale

    • $3,950,000
      0.04 Acres

      9777 Santa Monica Blvd

      Individual retail properties • 0.04 Acres
      9777 Santa Monica Blvd, Beverly Hills, CA 90210
      View Details
    • $350,000

      Turnkey Restaurant in Beverly Hills

      Fully equipped restaurant for sale in Beverly Hills' Golden Triangle.
      474 N Beverly Dr, Beverly Hills, CA 90210
      View Details
    • $365,000
      0.28 Acres

      Beverly Hills Land Opportunity

      Land with plans for a modern home in Beverly Hills.
      10074 Westwanda Dr, Beverly Hills, CA 90210
      View Details
    • $10,995,000
      3.85 Acres

      Beverly Hills Land with Panoramic Views

      Legendary nearly four-acre property in Beverly Hills with panoramic views.
      1436 Bella Dr, Beverly Hills, CA 90210
      View Details
    • $2,595,000

      Beverly Hills Development Opportunity

      Prime 1.5-acre lot with canyon and city views.
      9435 Lloydcrest Dr, Beverly Hills, CA 90210
      View Details
    • $1,485,000
      1,841 SF

      Luxury Beverly Hills Residence

      Refined single-level living in a full-service Beverly Hills building.
      411 N Oakhurst Dr, Beverly Hills, CA 90210
      View Details

    Similar Nearby for Lease

    • $120 SF/Yr
      15,575 SF

      Beverly Hills Retail Opportunity

      Prime Canon Drive location, two suites available
      257 Canon Dr, Beverly Hills, CA 90210
      View Details
    • Contact for pricing
      654 SF

      Beverly Hills Retail Space For Lease

      Prime Beverly Hills Restaurant Space - 654 SF
      9533 Santa Monica Blvd, Beverly Hills, CA 90210
      View Details
    • Contact for pricing
      930 SF

      Beverly Hills Retail Space For Lease

      Prime Beverly Hills location, 930 sq ft retail space.
      9513 Santa Monica Blvd, Beverly Hills, CA 90210
      View Details
    • Contact for pricing
      1 SF

      331 N Beverly Dr

      Retail properties • 1 SF
      331 Beverly Dr, Beverly Hills, CA 90210
      View Details
    • Contact for pricing
      60,000 SF

      Beverly Hills Executive Office Suites

      Premium Office Space, Beverly Hills
      9212 Olympic Blvd, Los Angeles, CA 90210
      View Details
    • Contact for pricing
      8,000 SF

      Beverly Hills Prime Retail Space

      8,000 SF, Multiple Suites Available
      351-355 Canon Dr, Beverly Hills, CA 90210
      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.
    339 Cres Dr
    Beverly Hills, CA 90210
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.