Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    3566 Western Ave Los Angeles, CA 90018-3881
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3566 Western Ave Los Angeles, CA 90018-3881

    View on Map
    • Retail space
    • 9,887 SF
    • 0.08 lot acres
    Off-Market
    Last Sale Apr 9, 2024
    Property ID
    US09-6340896
    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
    $2,310,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Sea Breeze Records Tapes / (Bike/Boat/Book/etc) Store
    • Iglesia Evangelica Santidad A Jehova Fuente De Agua Viva Inc. / Church / Mosque
    • Cayocargobelize / Freight Service / Logistics Company
    • Mi Carnal Discount #1 / (Bike/Boat/Book/etc) Store
    • Almita's Beauty Salon / Hair Salon

    Property Details for 3566 Western Ave

    Year built
    1994
    Lot size
    0.08 lot acres
    Property size
    9,887 SF
    Zone code
    LAC2
    Property type
    Retail space
    APN
    5041-012-050
    APU
    5041012050

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.309
    Latitude
    34.0232
    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
    $24,494
    $1,061,208
    $902,026
    $1,963,234
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,296 SF

      3565 Western Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,296 SF
      3565 Western Ave, Los Angeles, CA 90018
      View Details
    • Value Estimation
      $875,000
      3,631 SF

      1761 Jefferson Blvd

      RETAIL STORES (PERSONAL SERVICES) • 3,631 SF
      1761 Jefferson Blvd, Los Angeles, CA 90018
      View Details
    • Value Estimation
      $945,000
      3,776 SF

      3517 Washington Blvd

      RETAIL STORES (PERSONAL SERVICES) • 3,776 SF
      3517 Washington Blvd, Los Angeles, CA 90018-1122
      View Details
    • Value Estimation
      $1,340,000
      6,064 SF

      3500 Washington Blvd

      RETAIL STORES (PERSONAL SERVICES) • 6,064 SF
      3500 Washington Blvd, Los Angeles, CA 90018-1121
      View Details
    • Value Estimation
      $1,315,000
      4,784 SF

      2401 Washington Blvd

      RETAIL STORES (PERSONAL SERVICES) • 4,784 SF
      2401 Washington Blvd, Los Angeles, CA 90018-1451
      View Details
    • Value Estimation
      $1,165,000
      3,710 SF

      2350 Washington Blvd

      RETAIL STORES (PERSONAL SERVICES) • 3,710 SF
      2350 Washington Blvd, Los Angeles, CA 90018-1448
      View Details

    Similar Nearby for Sale

    • $1,850,000
      5,300 SF

      Retail Space Available For Sale

      5,300 SqFt retail space for sale.
      3612 W Washington Blvd, Los Angeles, CA 90018
      View Details
    • $4,000,000
      8,070 SF

      Jefferson Blvd Retail Opportunity

      Retail space available on Jefferson Blvd in Los Angeles.
      3115 Jefferson Blvd, Los Angeles, CA 90018
      View Details
    • $4,320,000
      16,000 SF

      Free Standing Building with Parking

      Freestanding building with gated parking lot near USC and Downtown.
      3300 W Jefferson Blvd, Los Angeles, CA 90018
      View Details
    • $1,550,000
      3,392 SF

      Mixed-Use Investment Opportunity, Los Angeles

      Mixed-use property in rapidly developing Los Angeles corridor.
      2815 S Western Ave, Los Angeles, CA 90018
      View Details

    Similar Nearby for Lease

    • $3 SF/Yr

      Retail Space in New Development

      Retail space for lease in new mixed-use development.
      3300 W Washington Blvd, Los Angeles, CA 90018
      View Details
    • $2 SF/Yr
      33,672 SF

      Retail Space Available For Rent

      In-line retail space available for rent.
      4000-4060 W Washington Blvd, Los Angeles, CA 90018
      View Details
    • $1.75 SF/Yr
      2,330 SF

      Retail/Office Space Available

      Retail or office space suitable for various business types.
      1985 W Adams Blvd, Los Angeles, CA 90018
      View Details
    • Contact for pricing
      1,000 SF

      Retail Space on Main Street

      Retail space ideal for restaurant, cafe, or fitness studio.
      3839 W Washington Blvd, Los Angeles, CA 90018
      View Details
    • Contact for pricing
      1,000 SF

      Retail Space on Washington Boulevard

      Retail space suitable for restaurant, cafe, or fitness studio.
      3839 W Washington Blvd, Los Angeles, CA 90018
      View Details
    • Contact for pricing

      Multi-Tenant Shopping Center For Rent

      Retail, office, and restaurant spaces in anchored shopping center.
      1985 W Adams Blvd, Los Angeles, CA 90018
      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.
    3566 Western Ave
    Los Angeles, CA 90018-3881
    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!