Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    451 E Vernon Ave Los Angeles, CA 90011
    Back to Search
    Property profile & analytics

    451 E Vernon Ave, Los Angeles, CA 90011

    View on Map
    • Motels
    • 3,352 SF
    • 0.11 lot acres
    For Sale
    $3,900,000
    View Listing →
    Los Angeles Motel For Sale For Sale
    $3,900,000
    3,352 SF

    Los Angeles Motel For Sale

    14-unit motel in South Los Angeles near Downtown.

    451 E Vernon, Los Angeles, CA 90011
    View Listing
    Property ID
    US09-6444173
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Motels

    Property Details for 451 E Vernon Ave

    Year built
    1963
    Construction
    WOOD
    Lot size
    0.11 lot acres
    Zone code
    LAC2
    Property type
    Motels
    APN
    5113-015-007
    APU
    5113015007

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 5, 2005 — Ramesh C Patel Patel,ramesh M & Pushpaben R Quit Claim Deed · related —
    Sep 28, 2004 $525,000 Ramesh M Patel Gonzalez,joaquin & Aurora Grant Deed $347k · Temecula Valley Bank NA
    Nov 12, 1997 $332,368 Joaquin Gonzalez Bhakta,mohanbhai P & Sukhiben M Trustees Deed —
    Apr 15, 1991 $400,000 Mohanbhai Bhakta Gonzalez,joaquin Grant Deed $310k · Seller
    Sep 20, 1988 $53,000 Joaquin Gonzalez Poteete V Ray An Grant Deed · related —
    — — Joaquin Gonzalez — Deed Of Trust · related $90k · City Financial

    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
    -118.268
    Latitude
    34.0041
    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
    $9,153
    $273,305
    $444,131
    $717,436
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,266 SF

      130 23rd St

      MOTEL
      130 23rd St, Los Angeles, CA 90011-1015
      View Details
    • Value Estimation
      $2,605,000
      4,896 SF

      960 Jefferson Blvd

      MOTEL
      960 Jefferson Blvd, Los Angeles, CA 90011-2548
      View Details
    • Value Estimation
      $520,000
      5,629 SF

      4112 Central Ave

      MOTEL
      4112 Central Ave, Los Angeles, CA 90011-3111
      View Details
    • Value Estimation
      $600,000
      8,634 SF

      2133 Central Ave

      MOTEL
      2133 Central Ave, Los Angeles, CA 90011-1236
      View Details
    • Value Estimation by Request
      6,060 SF

      5015 Central Ave

      MOTEL
      5015 Central Ave, Los Angeles, CA 90011-4121
      View Details
    • Value Estimation
      $635,000
      7,995 SF

      802 Jefferson Blvd

      MOTEL
      802 Jefferson Blvd, Los Angeles, CA 90011-2529
      View Details

    Similar Nearby for Sale

    • $3,900,000
      3,352 SF

      Los Angeles Motel For Sale

      14-unit motel in South Los Angeles near Downtown.
      451 E Vernon Ave, Los Angeles, CA 90011
      View Details
    • $3,900,000

      14-Unit Motel in South Los Angeles

      14-unit motel with house on two contiguous parcels.
      451 E Vernon Ave, Los Angeles, CA 90011
      View Details
    • Contact for pricing

      Los Angeles Duplex with Garage

      Duplex in Los Angeles with garage and ample parking.
      1626 E 32Nd St, Los Angeles, CA 90011
      View Details
    • Contact for pricing

      Los Angeles Duplex Near Downtown

      Duplex in prime location near downtown Los Angeles.
      1407 E 50Th St, Los Angeles, CA 90011
      View Details
    • Contact for pricing

      Well-Maintained Triplex Near USC

      Triplex near schools, shopping, transportation, and USC.
      1208 E 34Th St, Los Angeles, CA 90011
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      DTLA Warehouse and Office Space

      Spacious warehouse and renovated office space in Downtown Los Angeles.
      2250 Maple Ave, Los Angeles, CA 90011
      View Details
    • Contact for pricing

      Retail Endcap Unit Available

      Endcap retail unit with street visibility in mixed-use property.
      1011 E Adams Blvd, Los Angeles, CA 90011
      View Details
    • Contact for pricing

      Industrial Property 100% Leased

      Industrial property currently 100% leased with no availability.
      3000 S Central Ave, Los Angeles, CA 90011
      View Details
    • Contact for pricing
      10,000 SF

      Manufacturing & Distribution Building

      Freestanding building with offices, showroom, and fenced parking.
      219 E 32Nd St, Los Angeles, CA 90011
      View Details
    View Listing
    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.
    451 E Vernon Ave
    Los Angeles, CA 90011
    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

    Thank You for Inquiry
    451 E Vernon Ave, Los Angeles, CA, 90011
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!