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

    406 Ogden Dr Los Angeles, CA 90036-3121

    • Apartment buildings
    • 64,774 SF
    • 4.06 lot acres
    OFF-MARKET
    Value Estimations
    $1,455,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-0489297
    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

    • Apartment buildings

    Property Details for 406 Ogden Dr

    Year built
    1943
    Construction
    TILT-UP CONCRETE
    Lot size
    4.06 lot acres
    Property size
    64,774 SF
    Zone code
    LARD1.5
    Property type
    Apartment buildings
    APN
    5509-003-013
    APU
    5509003013

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $900,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,006,000
      Market price range: $2.01M - $3.64M

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.36
    Latitude
    34.0679
    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
    $78,972
    $4,002,756
    $1,533,971
    $5,536,727
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      7,309 SF

      226 Poinsettia Pl

      APARTMENT HOUSE (5+ UNITS) • 7,309 SF
      226 Poinsettia Pl, Los Angeles, CA 90036-2853
      View Details
    • Value Estimation by Request
      8,168 SF

      900 Mansfield Ave

      APARTMENT HOUSE (5+ UNITS) • 8,168 SF
      900 Mansfield Ave, Los Angeles, CA 90036-4922
      View Details
    • Value Estimation by Request
      6,974 SF

      342 Detroit St

      APARTMENT HOUSE (5+ UNITS) • 6,974 SF
      342 Detroit St, Los Angeles, CA 90036-3402
      View Details
    • Value Estimation
      $1,680,000
      59,270 SF

      318 Detroit St

      APARTMENT HOUSE (5+ UNITS) • 59,270 SF
      318 Detroit St, Los Angeles, CA 90036-3581
      View Details
    • Value Estimation
      $650,000
      22,320 SF

      465 Detroit St

      APARTMENT HOUSE (5+ UNITS) • 22,320 SF
      465 Detroit St, Los Angeles, CA 90036-3567
      View Details
    • Value Estimation by Request
      13,677 SF

      450 Detroit St

      APARTMENT HOUSE (5+ UNITS) • 13,677 SF
      450 Detroit St, Los Angeles, CA 90036-3588
      View Details

    Similar Nearby for Sale

    • $2,495,000

      Miracle Mile Art Deco Apartments

      Two-story, eight-unit Art Deco building in Miracle Mile.
      626 S Cloverdale Ave, Los Angeles, CA 90036
      View Details
    • $999,000
      1,150 SF

      Modern Penthouse with City Views

      Luxurious penthouse with modern design, city views, and convenient location.
      600 S Ridgeley Dr, Los Angeles, CA 90036
      View Details
    • $1,995,000
      5,486 SF

      Fairfax District Multifamily ADU Opportunity

      Four-unit building with ADU potential in prime Los Angeles location.
      358 N Ogden Dr, Los Angeles, CA 90036
      View Details
    • $2,495,000
      Pending

      Spacious Duplex in Prime Location

      Bright duplex with remodeled unit, large lot, and garage.
      183 S Detroit St, Los Angeles, CA 90036
      View Details
    • $2,795,000
      5 SF

      Miracle Mile Spanish Colonial Duplex

      Charming, remodeled duplex in Miracle Mile with modern amenities.
      203 South Detroit St, Los Angeles, CA 90036
      View Details
    • New
      $1,790,000
      2,498 SF

      Los Angeles Duplex with Yard

      Charming duplex in Hancock Park with modern amenities and yards.
      803 S Sycamore Ave, Los Angeles, CA 90036
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      29,791 SF

      Spaces Fairfax: Premier LA Office

      Flexible workspace, prime LA location.
      145 Fairfax Ave, Los Angeles, CA 90036
      View Details
    • $63 SF/Yr
      12,672 SF

      Beverly Place Retail Center

      High-traffic Los Angeles retail space.
      7150 Beverly Blvd, Los Angeles, CA 90036
      View Details
    • $45 SF/Yr
      800 SF

      La Brea Ave Showroom - 800 SF

      Prime Los Angeles retail showroom space. Recently renovated.
      344 La Brea Ave, Los Angeles, CA 90036
      View Details
    • $60 SF/Yr
      20,486 SF

      Beverly Blvd Retail Opportunity

      West Hollywood Retail Space - 20,486 SF
      7366 Beverly Blvd, Los Angeles, CA 90036
      View Details
    • $40 SF/Yr
      10,036 SF

      Wilshire Blvd Retail Center

      Miracle Mile Retail Space - 1,175 SF Available
      5162-5180 Wilshire Blvd, Los Angeles, CA 90036
      View Details
    • $4 SF/Yr

      Retail Space on Miracle Mile

      Retail space in luxury complex, prime Miracle Mile location.
      5353 Wilshire Blvd, Los Angeles, CA 90036
      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.
    406 Ogden Dr
    Los Angeles, CA 90036-3121
    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.