Add Listing
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

    442 Lk St Los Angeles, CA 90057-2797

    • High-rise multifamily apartments
    • 21,654 SF
    • 0.19 lot acres
    OFF-MARKET
    Last Sale
    Oct 19, 2022
    $6,150,061
    Value Estimations
    $5,695,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-6530432
    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

    • High-rise multifamily apartments

    Property Details for 442 Lk St

    Year built
    2010
    Construction
    WOOD
    Lot size
    0.19 lot acres
    Property size
    21,654 SF
    Zone code
    LAR4
    Property type
    High-rise multifamily apartments
    APN
    5154-031-023
    APU
    5154031023

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,970,000
      ML approach
      $5,210,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,981,000
      Market price range: $3.46M - $5.98M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $4,460,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $9,170,000
      Change: +106% Conversion: Difficult
      RETAIL STORES
      $8,890,000
      Change: +99% Conversion: Difficult
      OFFICE BUILDING
      $8,620,000
      Change: +93% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $6,485,000
      Change: +45% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.275
    Latitude
    34.0617
    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
    $77,636
    $2,856,000
    $3,417,000
    $6,273,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,570,000
      77,697 SF

      2505 6th St

      HIGH-RISE APARTMENTS • 77,697 SF
      2505 6th St, Los Angeles, CA 90057-3152
      View Details
    • Value Estimation
      $1,630,000
      64,995 SF

      505 La Fayette Park Pl

      HIGH-RISE APARTMENTS • 64,995 SF
      505 La Fayette Park Pl, Los Angeles, CA 90057-1674
      View Details
    • Value Estimation
      $1,285,000
      28,156 SF

      667 Carondelet St

      HIGH-RISE APARTMENTS • 28,156 SF
      667 Carondelet St, Los Angeles, CA 90057-3333
      View Details
    • Value Estimation
      $895,000
      54,009 SF

      2205 6th St

      HIGH-RISE APARTMENTS • 54,009 SF
      2205 6th St, Los Angeles, CA 90057-3153
      View Details
    • Value Estimation
      $1,340,000
      33,744 SF

      831 Grand Vw St

      HIGH-RISE APARTMENTS • 33,744 SF
      831 Grand Vw St, Los Angeles, CA 90057-4043
      View Details
    • Value Estimation
      $1,675,000
      132,384 SF

      1999 3rd St

      HIGH-RISE APARTMENTS • 132,384 SF
      1999 3rd St, Los Angeles, CA 90057-2303
      View Details

    Similar Nearby for Sale

    • $2,375,000
      11,430 SF

      Westlake Garden-Style Apartment Buildings

      Well-maintained 14-unit apartment property in the Westlake District.
      534 S Coronado St, Los Angeles, CA 90057
      View Details
    • Contact for pricing
      2,778 SF

      Westlake Multifamily Value-Add Opportunity

      Charming 5-unit multifamily building in Westlake North.
      272 S Burlington Ave, Los Angeles, CA 90057
      View Details
    • $1,500,000

      Westlake Multifamily Investment Opportunity

      Historic 5-unit multifamily property in central Westlake, Los Angeles.
      326 S Bonnie Brae St, Los Angeles, CA 90057
      View Details
    • $1,500,000
      5,019 SF

      Westlake Multifamily Investment Opportunity

      Five-unit property in central Los Angeles with significant income potential.
      326 S Bonnie Brae St, Los Angeles, CA 90057
      View Details
    • $1,498,000

      Multifamily Development Site Ready

      32-unit multifamily development site with permits ready to issue.
      820 S Lake St, Los Angeles, CA 90057
      View Details
    • $2,895,000
      Pending

      20-Unit Multifamily Investment Opportunity

      Value-add multifamily property in La Fayette Park/Mid Wilshire.
      685 S Coronado St, Los Angeles, CA 90057
      View Details

    Similar Nearby for Lease

    • $3 SF/Yr

      Retail and Residential Units Available

      Retail and residential units for rent near Metro stations.
      602 S Westlake Ave, Los Angeles, CA 90057
      View Details
    • Contact for pricing
      3,067 SF

      Retail Space in Filipinotown

      Retail space in a densely populated Los Angeles neighborhood.
      1800 Beverly Blvd, Los Angeles, CA 90057
      View Details
    • Contact for pricing

      Historic Theater and Studio Space

      99-seat theater in historic film studio building for rent.
      2501 Wilshire Blvd, Los Angeles, CA 90057
      View Details
    • Contact for pricing
      15,000 SF

      Art Deco Mixed-Use Building

      Two-story mixed-use building near MacArthur Park Metro Station.
      688 South Alvarado St, Los Angeles, CA 90057
      View Details
    • $2.00 SF/Yr
      5,800 SF

      5,800 SF Westlake Multi-Use Facility For Lease

      5,800 SF Westlake Multi-Use Facility For Lease
      180 S Alvarado St, Los Angeles, CA 90057
      View Details
    • Contact for pricing
      2,089 SF

      Creative Office/Studio Space Available

      Creative office/studio unit for rent in Los Angeles.
      2221-2225 Beverly Blvd, Los Angeles, CA 90057
      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.
    442 Lk St
    Los Angeles, CA 90057-2797
    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!