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    Property profile & analytics

    408 11Th St Los Angeles, CA 90015

    • Retail space
    • 1,120 SF
    • 0.89 lot acres
    For Lease
    View listing
    Value Estimations
    $280,000
    Cap Rate Potential
    9.5%
    Retail space
    Location Intelligence
    Property ID
    US10-0103466
    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

    • M Pilates Method LLC / Physical Fitness Program
    • Athlete Within / Physical Fitness Program / Massage Therapist
    • Urban Med / Chiropractor / Massage Therapist
    • pouervs / Warehouse

    Property Details for 408 11Th St

    Year built
    2005
    Construction
    CONCRETE
    Lot size
    0.89 lot acres
    Property size
    1,120 SF
    Zone code
    LAR5
    Property type
    Retail space
    APN
    5139-021-027
    APU
    5139021027

    Description

    This exceptional 2,170-square-foot retail space is available for lease in the heart of Downtown Los Angeles, Los Angeles County, California. Located at 408 W 11th St, zip code 90015, this Class B property presents a unique opportunity for businesses seeking a high-visibility location. The entire building, encompassing a single suite, is currently vacant, offering complete flexibility for a new tenant to customize the space to their specific needs. The property's multiple tenancy designation suggests adaptability for various retail concepts. The building's total square footage is 2,170 square feet, all of which is available. This presents a significant opportunity for a business seeking a substantial footprint in a bustling urban environment. Situated in Los Angeles County, the property benefits from excellent access to major transportation routes and a dense population base, ensuring high foot traffic and visibility. The address, 408 W 11th St, places the property within a vibrant commercial district, offering significant potential for business growth and success. This is a rare opportunity to secure a substantial, entirely vacant retail space in a prime Downtown Los Angeles location. The property's characteristics make it ideal for a wide range of retail businesses seeking a prominent presence in a high-traffic area. The coordinates are 34.0416451 latitude and -118.2623677 longitude.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $275,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $435,000
      6.5%
      $400,000
      7%
      $370,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $270,000
      Market price range: $54.7k - $270k

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.263
    Latitude
    34.0415
    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
    $8,914
    $417,714
    $277,669
    $695,383
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $315,000
      17,024 SF

      1740 Los Angeles St

      RETAIL STORES (PERSONAL SERVICES) • 17,024 SF
      1740 Los Angeles St, Los Angeles, CA 90015-3632
      View Details
    • Value Estimation
      $325,000
      7,000 SF

      1136 Los Angeles St

      RETAIL STORES (PERSONAL SERVICES) • 7,000 SF
      1136 Los Angeles St, Los Angeles, CA 90015-2537
      View Details
    • Value Estimation
      $355,000
      12,540 SF

      1113 San Julian St

      RETAIL STORES (PERSONAL SERVICES) • 12,540 SF
      1113 San Julian St, Los Angeles, CA 90015-2313
      View Details
    • Value Estimation
      $295,000
      16,512 SF

      1112 Santee St

      RETAIL STORES (PERSONAL SERVICES) • 16,512 SF
      1112 Santee St, Los Angeles, CA 90015-1722
      View Details
    • Value Estimation
      $285,000
      4,752 SF

      1422 Olympic Blvd

      RETAIL STORES (PERSONAL SERVICES) • 4,752 SF
      1422 Olympic Blvd, Los Angeles, CA 90015
      View Details
    • Value Estimation
      $360,000
      14,906 SF

      1149 San Pedro St

      RETAIL STORES (PERSONAL SERVICES) • 14,906 SF
      1149 San Pedro St, Los Angeles, CA 90015-2317
      View Details

    Similar Nearby for Sale

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      Retail Building on Pico Boulevard

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    Similar Nearby for Lease

    • $3 SF/Yr
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      Retail Space in South Park

      Retail spaces available in the growing South Park neighborhood.
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      Retail/Showroom Space with Storage

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      Downtown Los Angeles Retail Space

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      1,400 SF

      Flexible Commercial Space For Lease

      Clean corner space with fenced parking, easy access to showrooms.
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      View Details
    • $3 SF/Yr
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      Retail Space on Pico Blvd

      Ground floor retail space available for rent in Los Angeles.
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      View Details
    • Contact for pricing
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      Mixed-Use Building in Los Angeles

      Two connected buildings with retail and office space for lease.
      600 E Washington Blvd, Los Angeles, CA 90015
      View Details
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    408 11Th St
    Los Angeles, CA 90015
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    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
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