Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    470 La Cienega Blvd West Hollywood, CA 90048-1907
    Back to Search
    Property profile & analytics

    470 La Cienega Blvd, West Hollywood, CA 90048-1907

    View on Map
    • Turn key restaurants
    • 4,817 SF
    • 0.50 lot acres
    Off-Market
    Last Sale Oct 25, 2021
    $16,000,160
    Property ID
    US09-7297396
    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
    $12,545,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 470 La Cienega Blvd

    Year built
    1956
    Lot size
    0.50 lot acres
    Zone code
    LAC2
    Property type
    Turn key restaurants
    APN
    5514-001-001
    APU
    5514001001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 25, 2021 $16,000,000 Raising Cane S Restaurants LLC Norman Cienega Property Group LLC Grant Deed —
    Nov 13, 2019 — Norman Cienega Property Group LLC — Deed · related $4.3M · Cathay Bank
    Dec 11, 2014 $10,700,000 Norman Cienega Property Group Jdm Holdings LP Grant Deed —
    Nov 24, 2008 — Jdm Holdings Neidlinger John Trust Grant Deed —
    Nov 17, 2008 $100,000 Jdm Trust Neidlinger John Trust Grant Deed —
    Sep 18, 1996 — Neidlinger,john Trustee Neidlinger,j C Quit Claim Deed · related —
    Mar 15, 1991 — John Neidlinger Neidlinger Trust Quit Claim Deed · related $275k · Farmers & Merchants Bk Lng Bch
    Jul 31, 1990 $627,500 John Neidlinger White Marie R Grant Deed —
    — — White — Deed Of Trust · related $125k · Bank Of Los Angeles
    — — John C Neidlinger — Deed Of Trust · related $825k · Individual
    — — John Neidlinger — Deed Of Trust · related —
    — — Neidlinger John Trust — Deed Of Trust · related $286k · Farmers & Merchants Bk Lng Bch
    — — Neidlinger,tr — Deed Of Trust · related $800k · Farmers & Merchants Bk Lng Bch
    — — John C Neidlinger — Deed Of Trust · related $85k · Individual
    — — John C Neidlinger — Deed Of Trust · related $214k · Individual

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $14,975,000
      ML approach
      $9,035,000

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

    Location Insight

    • Map
    • Local Demand
    City
    West Hollywood
    County
    Los Angeles
    State
    California
    Longitude
    -118.376
    Latitude
    34.0799
    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
    $201,104
    $15,606,000
    $1,040,400
    $16,646,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      3,026 SF

      8263 Beverly Blvd

      RESTAURANT
      8263 Beverly Blvd, Los Angeles, CA 90048
      View Details
    • Value Estimation by Request
      5,225 SF

      6101 Wilshire Blvd

      RESTAURANT
      6101 Wilshire Blvd, Los Angeles, CA 90048-5101
      View Details
    • Value Estimation by Request
      4,360 SF

      8338 3rd St

      RESTAURANT
      8338 3rd St, Los Angeles, CA 90048-4311
      View Details
    • Value Estimation by Request
      4,019 SF

      8638 3rd St

      RESTAURANT
      8638 3rd St, Los Angeles, CA 90048-3323
      View Details
    • Value Estimation by Request
      2,932 SF

      8112 Beverly Blvd

      RESTAURANT
      8112 Beverly Blvd, Los Angeles, CA 90048-4508
      View Details
    • Value Estimation by Request
      2,701 SF

      8016 3rd St

      RESTAURANT
      8016 3rd St, Los Angeles, CA 90048-4307
      View Details

    Similar Nearby for Sale

    • $5,500,000

      Beverly Grove Retail Investment Opportunity

      Two-tenant retail building in Beverly Grove with stabilized income.
      Los, Los Angeles, CA 90048
      View Details
    • Contact for pricing
      8,159 SF

      Prime Retail on West 3rd

      Retail and restaurant property on West 3rd Street for sale.
      8361 W 3Rd St, Los Angeles, CA 90048
      View Details
    • Contact for pricing
      4,056 SF

      Restaurant Opportunity in Prime Location

      Turnkey restaurant with entitlements in West Hollywood/Beverly Grove.
      8480 West 3Rd St, Los Angeles, CA 90048
      View Details
    • Contact for pricing
      4,983 SF

      Wilshire Blvd Retail/Office Space

      Ground floor space suitable for retail, pharmacy, imaging, or fitness.
      6200 Wilshire Blvd, Los Angeles, CA 90048
      View Details
    • Contact for pricing
      6,943 SF

      Mixed-Use Retail Building for Rent

      Mixed-use retail building with residential and retail spaces available.
      7974 Melrose Ave, Los Angeles, CA 90048
      View Details
    • Contact for pricing
      5,330 SF

      Retail Property in Beverly Grove

      Multi-tenant retail property in a high-traffic, affluent area.
      8300 W 3Rd St, Los Angeles, CA 90048
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Restaurant and Retail Space Available

      Second generation restaurant and retail space for lease.
      8500 W 3Rd St, Los Angeles, CA 90048
      View Details
    • Contact for pricing

      Wilshire Blvd Retail Center

      Retail/Restaurant/Medical spaces available in renovated Wilshire Blvd retail center.
      Los, Los Angeles, CA 90048
      View Details
    • Contact for pricing

      Cafe Space Available For Lease

      Second generation cafe space available for lease.
      8051 W 3Rd St, West Hollywood, CA 90048
      View Details
    • Contact for pricing

      Retail Space on La Cienega

      Single tenant retail space available for lease.
      422 N La Cienega Blvd, Los Angeles, CA 90048
      View Details
    • Contact for pricing

      Retail Space Near Melrose Avenue

      Retail space south of Melrose Avenue with gated courtyard entrance.
      454 N Robertson Blvd, West Hollywood, CA 90048
      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.
    470 La Cienega Blvd
    West Hollywood, CA 90048-1907
    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
    470 La Cienega Blvd, West Hollywood, CA, 90048
    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!