Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3540 Wilshire Blvd Los Angeles, CA 90010-3934

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3540 Wilshire Blvd Los Angeles, CA 90010-3934

    View on Map
    • Office buildings
    • 216,433 SF
    • 1.38 lot acres
    Off-Market
    Property ID
    US09-6911964
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hwang Ki Kim CPA / Accounting Firm / Tax Preparation
    • Kandkhorov Chiropractic / Alternative Medicine Practice
    • Hooman Mehr Chiropractic, Corp / Alternative Medicine Practice
    • Nezhad Law Firm, PLC / Law Firm
    • Maricela Bermudez Law Offices / Law Firm

    Property Details for 3540 Wilshire Blvd

    Year built
    1956
    Construction
    STEEL FRAME
    Lot size
    1.38 lot acres
    Property size
    216,433 SF
    Zone code
    LAR5
    Property type
    Office buildings
    APN
    5094-001-002
    APU
    5094001002

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $171,417,000
      Market price range: $51.4M - $171M
      AI Estimate
      $163,240,000
      Market price range: $2.68M - $163M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $108,625,000
      Current use
      RESTAURANT
      $178,025,000
      Change: +64% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $117,650,000
      Change: +8% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.302
    Latitude
    34.061
    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
    $2,227,318
    $32,314,353
    $151,646,499
    $183,960,852
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1.47 Acres

      Los Angeles, CA 90010

      OFFICE BUILDING (MULTI-STORY) • 1.47 Acres
      Los Angeles, CA 90010
      View Details
    • Value Estimation
      $18,975,000
      31,684 SF

      3960 Wilshire Blvd

      OFFICE BUILDING (MULTI-STORY) • 31,684 SF
      3960 Wilshire Blvd, Los Angeles, CA 90010-3308
      View Details
    • Value Estimation by Request
      523,202 SF

      3580 Wilshire Blvd

      OFFICE BUILDING (MULTI-STORY) • 523,202 SF
      3580 Wilshire Blvd, Los Angeles, CA 90010-2501
      View Details
    • Value Estimation
      $9,545,000
      29,150 SF

      4032 Wilshire Blvd

      OFFICE BUILDING (MULTI-STORY) • 29,150 SF
      4032 Wilshire Blvd, Los Angeles, CA 90010-3405
      View Details
    • Value Estimation
      $13,600,000
      71,969 SF

      3130 Wilshire Blvd

      OFFICE BUILDING (MULTI-STORY) • 71,969 SF
      3130 Wilshire Blvd, Los Angeles, CA 90010-1206
      View Details
    • Value Estimation by Request
      421,768 SF

      3600 Wilshire Blvd

      OFFICE BUILDING (MULTI-STORY) • 421,768 SF
      3600 Wilshire Blvd, Los Angeles, CA 90010-2603
      View Details

    Similar Nearby for Sale

    • $9,900,000
      39,098 SF

      Wilshire Boulevard Mixed-Use Development

      Mixed-use property entitled for 297 residential units and retail.
      3100 Wilshire Blvd, Los Angeles, CA 90010
      View Details
    • $9,900,000
      39,098 SF

      Retail Storefront Building For Sale

      Vacant retail storefront building available for purchase.
      3100 Wilshire Blvd, Los Angeles, CA 90010
      View Details
    • Contact for pricing
      185,536 SF

      Entitled Mixed-Use Project in Los Angeles

      Fully entitled mixed-use project with Ready-To-Issue plans available.
      4680 Wilshire Blvd, Los Angeles, CA 90010
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,684 SF

      Office Space in The Harbor Building

      Office space for lease in Los Angeles, California.
      4201 Wilshire Blvd, Los Angeles, CA 90010
      View Details
    • Contact for pricing

      Wilshire Blvd Ground Floor Office

      Ground floor office space with high ceilings and kitchen.
      4801 Wilshire Blvd, Los Angeles, CA 90010
      View Details
    • Contact for pricing
      1,831 SF

      Wilshire Boulevard Office Space

      Office space available for rent on Wilshire Boulevard.
      3301-3307 Wilshire Blvd, Los Angeles, CA 90010
      View Details
    • $3 SF/Yr
      258,000 SF

      Harbor Building: Creative Office Space

      Prestigious LA Creative Office, 152,600 SF Available
      4201 Wilshire Blvd, Los Angeles, CA 90010
      View Details
    • Contact for pricing

      Transit-Oriented Office Space Available

      Office space near Wilshire/Vermont Metro Station, Los Angeles.
      2975 Wilshire Blvd, Los Angeles, CA 90010
      View Details
    • Contact for pricing

      Wilshire Boulevard Office Sublease

      Office space available for sublease on Wilshire Boulevard.
      3660 Wilshire Blvd, Los Angeles, CA 90010
      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.
    3540 Wilshire Blvd
    Los Angeles, CA 90010-3934
    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.
    Sign Up Successful!
    You now have access to more from Realmo!