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

    345 Ave 57 Los Angeles, CA 90042-3361

    • Residential income homes
    • 3,903 SF
    • 0.21 lot acres
    OFF-MARKET
    Value Estimations
    $300,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7846763
    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

    • Residential income homes

    Property Details for 345 Ave 57

    Year built
    1955
    Lot size
    0.21 lot acres
    Property size
    3,903 SF
    Zone code
    LARD2
    Property type
    Residential income homes
    Property subtype
    Serviced apartments
    APN
    5484-021-005
    APU
    5484021005

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $300,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.194
    Latitude
    34.1131
    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
    $3,639
    $144,362
    $113,938
    $258,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $340,000
      5,365 SF

      5959 Echo St

      BOARDING/ROOMING HOUSE • 5,365 SF
      5959 Echo St, Los Angeles, CA 90042-4292
      View Details
    • Value Estimation
      $260,000
      2,834 SF

      119 Ave 52

      BOARDING/ROOMING HOUSE • 2,834 SF
      119 Ave 52, Los Angeles, CA 90042-3927
      View Details
    • Value Estimation
      $320,000
      2,172 SF

      573 Kendall Ave

      BOARDING/ROOMING HOUSE • 2,172 SF
      573 Kendall Ave, Los Angeles, CA 90042-4913
      View Details
    • Value Estimation
      $295,000
      3,504 SF

      7041 Figueroa St

      BOARDING/ROOMING HOUSE • 3,504 SF
      7041 Figueroa St, Los Angeles, CA 90042-1276
      View Details
    • Value Estimation
      $370,000
      2,677 SF

      5564 Echo St

      BOARDING/ROOMING HOUSE • 2,677 SF
      5564 Echo St, Los Angeles, CA 90042-4617
      View Details
    • Value Estimation
      $255,000
      4,335 SF

      432 Ave 56

      BOARDING/ROOMING HOUSE • 4,335 SF
      432 Ave 56, Los Angeles, CA 90042-3335
      View Details

    Similar Nearby for Sale

    • $5,300,000
      18,658 SF

      Highland Park Apartment Complex

      24-unit building, prime Highland Park location.
      5670 Ash St, Highland Park, CA 90042
      View Details
    • $3,500,000
      11,738 SF

      Highland Park Multifamily Investment Opportunity

      Prime Highland Park property with attractive financing and cash flow.
      Meridian St, Los Angeles, CA 90042
      View Details
    • New
      $1,825,000
      2,557 SF

      Highland Park Triplex Near York

      Rare triplex in prime Highland Park location near shops.
      1361 Armadale Ave, Los Angeles, CA 90042
      View Details
    • $4,400,000

      Monterey Road Multifamily Investment Opportunity

      20-unit multifamily property in Hermon, Northeast Los Angeles. Value-add potential.
      6431 Monterey Rd, Los Angeles, CA 90042
      View Details
    • $1,495,000

      Highland Park Duplex Investment Opportunity

      Two-unit property in Highland Park generating over $9,600 monthly income.
      248 Branch St, Los Angeles, CA 90042
      View Details
    • $949,999
      2,916 SF

      Los Angeles Duplex with Potential

      Versatile duplex in a commuter-friendly location with income potential.
      148 Avenue 53 S, Los Angeles, CA 90042
      View Details

    Similar Nearby for Lease

    • $3,299 /Mo
      1,110 SF

      Highland Park Condo with Views

      Updated condo with city and mountain views in Highland Park.
      711 Bridewell St, Los Angeles, CA 90042
      View Details
    • $1,990 /Mo
      413 SF

      Highland Park Remodeled Duplex

      Remodeled 2 bedroom, 2 bath duplex in Highland Park.
      4923 Stratford Rd, Los Angeles, CA 90042
      View Details
    • $2,140 /Mo
      503 SF

      Highland Park Renovated One-Bedroom Unit

      Recently renovated 1-bedroom unit in the heart of Highland Park.
      6854 N Figueroa St, Los Angeles, CA 90042
      View Details
    • $2,500 /Mo
      604 SF

      Charming Unit Near Equestrian Park

      One bedroom, one bath unit with private patio for rent.
      6720 Comet St, Los Angeles, CA 90042
      View Details
    • $49 SF/Yr
      4,138 SF

      York Blvd Retail Space For Lease

      Highland Park Restaurant Opportunity - 4,138 SF
      5924-5930 York Blvd, Los Angeles, CA 90042
      View Details
    • $29,995
      12,500 SF

      Los Angeles Educational Facility For Lease

      Spacious school property with classrooms, dining area, and playground.
      Figueroa St, Los Angeles, CA 90042
      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.
    345 Ave 57
    Los Angeles, CA 90042-3361
    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.