Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    455 Solano Ave Los Angeles, CA 90012

    • Commercial real estate
    • 2,152 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-0469131
    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

    • Commercial real estate

    Property Details for 455 Solano Ave

    Year built
    1951
    Property size
    2,152 SF
    Property type
    Commercial real estate
    APN
    5414025003

    Description

    This exceptional investment opportunity presents a three-unit multifamily property situated in Los Angeles's desirable Elysian Park neighborhood, within the historic Solano Canyon. The property consists of two buildings on a 5,582 square foot lot. The charming Classical Queen Anne Victorian style front house offers a single-family dwelling with three bedrooms and two bathrooms. The rear two-story building includes two additional rental units; one with one bedroom and one bathroom, and the other with two bedrooms and one bathroom. Built in 1951, the property boasts a total of 2,152 square feet and is zoned RD2. The asking price is $833,000, representing a price per unit of $277,666.67 and a price per square foot of $387.08. The property generates a Net Operating Income (NOI) of $19,290. Conveniently located near Echo Park, Dodger Stadium, Downtown LA, Chinatown, the LA River, and various parks and trails, this property offers both architectural appeal and strong investment potential. The property benefits from long-term tenants and ease of management, making it an attractive option for investors seeking a stable and well-located asset in a thriving Los Angeles neighborhood. The property features ample driveway parking. This fee-simple ownership opportunity is a rare find in this highly sought-after area.

    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
    -118.23082194
    Latitude
    34.072594818151

    Comparable in this City

    • $5,950,000
      18,160 SF

      Echo Park Multifamily Investment

      Meticulously maintained 15-unit multifamily property with skyline views.
      1111 Sunvue Pl, Los Angeles, CA 90012
      View Details
    • $609,000

      Downtown Los Angeles Condo

      Elegant 2 bed, 2 bath condo in downtown Los Angeles.
      880 W 1St St, Los Angeles, CA 90012
      View Details
    • $3,500,000

      Echo Park Multifamily Investment Opportunity

      Well-maintained 7-unit property in prime Los Angeles location.
      940 New Depot St, Los Angeles, CA 90012
      View Details
    • $999,000
      5,131 SF

      Elysian Park Multifamily Investment Opportunity

      Multifamily property in Elysian Park near Echo Park.
      456 Solano Ave, Los Angeles, CA 90012
      View Details
    • $429,999

      Updated Condo Near Disney Hall

      Updated 1-bedroom condo with amenities in Downtown LA.
      121 S Hope St, Los Angeles, CA 90012
      View Details
    • $2,275,000

      Chinatown Multi-Unit Investment Opportunity

      Multi-unit property in Chinatown with rental upside potential.
      980 Yale St, Los Angeles, CA 90012
      View Details

    Similar Nearby for Sale

    • $3,500,000

      Echo Park Multifamily Investment Opportunity

      Well-maintained 7-unit property in prime Los Angeles location.
      940 New Depot St, Los Angeles, CA 90012
      View Details
    • $999,000
      5,131 SF

      Elysian Park Multifamily Investment Opportunity

      Multifamily property in Elysian Park near Echo Park.
      456 Solano Ave, Los Angeles, CA 90012
      View Details
    • $429,999

      Updated Condo Near Disney Hall

      Updated 1-bedroom condo with amenities in Downtown LA.
      121 S Hope St, Los Angeles, CA 90012
      View Details
    • $2,275,000

      Chinatown Multi-Unit Investment Opportunity

      Multi-unit property in Chinatown with rental upside potential.
      980 Yale St, Los Angeles, CA 90012
      View Details
    • $5,950,000
      18,160 SF

      Echo Park Multifamily Investment

      Meticulously maintained 15-unit multifamily property with skyline views.
      1111 Sunvue Pl, Los Angeles, CA 90012
      View Details
    • $609,000

      Downtown Los Angeles Condo

      Elegant 2 bed, 2 bath condo in downtown Los Angeles.
      880 W 1St St, Los Angeles, CA 90012
      View Details

    Similar Nearby for Lease

    • $33 SF/Yr
      44,351 SF

      Little Tokyo Creative Office Space

      Prime LA Office & Retail Suites Available
      340 2Nd St, Los Angeles, CA 90012
      View Details
    • $1.50 SF/Yr
      8,250 SF

      Former Manufacturing Facility & Taproom

      Former cider manufacturing facility with taproom and patio for lease.
      1700 Naud St, Los Angeles, CA 90012
      View Details
    • $1.50 SF/Yr
      11,987 SF

      Freestanding Industrial Building Near Dodger Stadium

      Freestanding industrial building with flexible zoning near LA Historic Park.
      1421 N Main St, Los Angeles, CA 90012
      View Details
    • $2 SF/Yr
      6,898 SF

      Creative Office Space Near Park

      Turnkey creative office space adjacent to LA Historic Park.
      1418 North Spring St, Los Angeles, CA 90012
      View Details
    • Contact for pricing
      10,520 SF

      Downtown LA Retail Space

      Prime Broadway storefront, 10,520 SF.
      260 Broadway, Los Angeles, CA 90012
      View Details
    • Contact for pricing
      10,000 SF

      Downtown LA Retail Opportunity

      Prime Los Angeles retail space, 6 suites available.
      900 Temple St, Los Angeles, CA 90012
      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.
    455 Solano Ave
    Los Angeles, CA 90012
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.