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

    4238 La Salle Ave Los Angeles, CA 90062-1721

    • Apartment buildings
    • 4,800 SF
    • 0.14 lot acres
    OFF-MARKET
    Last Sale
    Aug 12, 2024
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-0481006
    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 4238 La Salle Ave

    Year built
    1925
    Construction
    WOOD
    Lot size
    0.14 lot acres
    Property size
    4,800 SF
    Zone code
    LAR1
    Property type
    Apartment buildings
    APN
    5021-012-018
    APU
    5021012018

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.305
    Latitude
    34.0062
    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
    $1,889
    $25,441
    $48,039
    $73,480
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $7,385,000
      39,162 SF

      1750 Martin Luther King Jr Blvd

      APARTMENT HOUSE (5+ UNITS) • 39,162 SF
      1750 Martin Luther King Jr Blvd, Los Angeles, CA 90062-1536
      View Details
    • Value Estimation
      $610,000
      9,502 SF

      1735 Vernon Ave

      APARTMENT HOUSE (5+ UNITS) • 9,502 SF
      1735 Vernon Ave, Los Angeles, CA 90062-1555
      View Details
    • Value Estimation by Request
      6,848 SF

      5404 St Andrews Pl

      APARTMENT HOUSE (5+ UNITS) • 6,848 SF
      5404 St Andrews Pl, Los Angeles, CA 90062-2600
      View Details
    • Value Estimation
      $600,000
      3,744 SF

      3952 Brighton Ave

      APARTMENT HOUSE (5+ UNITS) • 3,744 SF
      3952 Brighton Ave, Los Angeles, CA 90062-1200
      View Details
    • Value Estimation by Request
      4,780 SF

      3978 La Salle Ave

      APARTMENT HOUSE (5+ UNITS) • 4,780 SF
      3978 La Salle Ave, Los Angeles, CA 90062-1185
      View Details
    • Value Estimation by Request
      5,795 SF

      1551 51st St

      APARTMENT HOUSE (5+ UNITS) • 5,795 SF
      1551 51st St, Los Angeles, CA 90062-2431
      View Details

    Similar Nearby for Sale

    • $1,300,000
      3,090 SF

      Renovated Six-Unit Apartment Building

      Turn-key multifamily asset with strong cash flow and recent renovations.
      5217 Denker Ave, Los Angeles, CA 90062
      View Details
    • $820,000

      Spacious Duplex Near USC

      Duplex with rental potential near USC, sports venues, and freeways.
      1424 W 49Th St, Los Angeles, CA 90062
      View Details
    • $1,400,000

      Updated Home with ADU Potential

      Updated 3-bedroom home with a 1-bedroom ADU.
      5311 S Van Ness Ave, Los Angeles, CA 90062
      View Details
    • $849,999

      Los Angeles Value-Add Fourplex

      Four-unit property with redevelopment potential in Los Angeles.
      3982 S Gramercy Dr, Los Angeles, CA 90062
      View Details
    • $849,900
      1,818 SF

      Los Angeles Duplex Near School

      Duplex in desirable location near school, shopping, and dining.
      3968 S Hobart Blvd, Los Angeles, CA 90062
      View Details
    • $799,000
      3,305 SF

      Mixed-Use Retail and Residential Property

      Mixed-use property with retail and residential units in Los Angeles.
      2116 W 54Th St, Los Angeles, CA 90062
      View Details

    Similar Nearby for Lease

    • $3,200 /Mo

      Vermont Square Duplex Front Unit

      Charming 3-bedroom duplex unit in up-and-coming Vermont Square.
      1634 W 52Nd St, Los Angeles, CA 90062
      View Details
    • $21 SF/Yr
      6,430 SF

      Prime Los Angeles Retail Space

      Three suites available, 549-839 sq ft
      4376 Western Ave, Los Angeles, CA 90062
      View Details
    • $42 SF/Yr
      1,000 SF

      Western Ave Retail Space Available

      Prime South LA Retail, 1,000 SF Total
      3961 Western Ave, Los Angeles, CA 90062
      View Details
    • Contact for pricing
      1,465 SF

      Los Angeles Retail Space for Lease

      High-traffic corner, 1465 sq ft.
      4003 Western Ave, Los Angeles, CA 90062
      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.
    4238 La Salle Ave
    Los Angeles, CA 90062-1721
    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.