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    Property profile & analytics

    4715 Washington Blvd Los Angeles, CA 90016-1515

    • Retail space
    • 1,712 SF
    • 0.16 lot acres
    OFF-MARKET
    Last Sale
    Sep 09, 2024
    $1,350,000
    Value Estimations
    $1,350,000
    Show details
    Cap Rate Potential
    2.9%
    Retail space
    Location Intelligence
    Property ID
    US09-7917540
    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

    • Viano Decor / Interior Design / Home Decor Store

    Property Details for 4715 Washington Blvd

    Year built
    1922
    Construction
    WOOD
    Lot size
    0.16 lot acres
    Property size
    1,712 SF
    Zone code
    LAC2
    Property type
    Retail space
    APN
    5071-025-046
    APU
    5071025046

    Description

    This 4,800 square foot warehouse space, part of a larger 18,350 square foot multi-tenant building, is available for lease. Located at 4715 E Washington Blvd in Los Angeles County, this corner unit offers exceptional accessibility with three ground-level loading docks. Built in 1973, the building boasts a 14-foot clear ceiling height, ideal for various industrial uses. The unit includes three restrooms and ample power with 100 amps at 240 volts. The property is zoned CM-1, providing flexibility for a range of businesses. Seven parking spaces are available for the entire building. This sublease opportunity extends through June 30, 2026, offering a short-term lease option. The lease rate is $1.10 per square foot per month, gross, with no CAM charges. The unit is clean and well-maintained, situated conveniently off the 710 Freeway, providing easy access to major transportation routes. This is an excellent opportunity for businesses seeking a functional and strategically located warehouse space in Los Angeles County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,350,000
      ML approach
      $1,350,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,011,000
      Market price range: $429k - $1.35M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $840,000
      Current use
      AUTO REPAIR, GARAGE
      $930,000
      Change: +11% Conversion: Difficult
      OFFICE BUILDING
      $860,000
      Change: +2% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.342
    Latitude
    34.0402
    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
    $6,677
    $422,543
    $72,432
    $494,975
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $550,000
      1,750 SF

      2116 La Brea Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,750 SF
      2116 La Brea Ave, Los Angeles, CA 90016-2220
      View Details
    • Value Estimation
      $695,000
      3,967 SF

      5656 Washington Blvd

      RETAIL STORES (PERSONAL SERVICES) • 3,967 SF
      5656 Washington Blvd, Los Angeles, CA 90016-1930
      View Details
    • Value Estimation
      $1,380,000
      4,000 SF

      4909 Jefferson Blvd

      RETAIL STORES (PERSONAL SERVICES) • 4,000 SF
      4909 Jefferson Blvd, Los Angeles, CA 90016-3922
      View Details
    • Value Estimation
      $765,000
      3,329 SF

      4850 Adams Blvd

      RETAIL STORES (PERSONAL SERVICES) • 3,329 SF
      4850 Adams Blvd, Los Angeles, CA 90016-2846
      View Details
    • Value Estimation
      $1,065,000
      6,077 SF

      5100 Adams Blvd

      RETAIL STORES (PERSONAL SERVICES) • 6,077 SF
      5100 Adams Blvd, Los Angeles, CA 90016-2726
      View Details
    • Value Estimation by Request
      1,347 SF

      4715 Adams Blvd

      RETAIL STORES (PERSONAL SERVICES) • 1,347 SF
      4715 Adams Blvd, Los Angeles, CA 90016-2901
      View Details

    Similar Nearby for Sale

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      1,496 SF

      Retail Space For Sale

      Retail space available for purchase.
      5761 W Adams Blvd, Los Angeles, CA 90016
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      5,256 SF

      Prime West Adams Investment Opportunity

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      Retail Storefronts on Jefferson Boulevard

      Multi-tenant retail property with high ceilings and alley access.
      3612- West Jefferson Blvd, Los Angeles, CA 90016
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      10,013 SF

      Jefferson Boulevard Land for Sale

      Land available for sale on Jefferson Boulevard, Los Angeles.
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    • $2,699,000
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      Modern Triplex in Los Angeles

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      Los Angeles Multifamily Redevelopment Opportunity

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    Similar Nearby for Lease

    • Contact for pricing
      6,396 SF

      Retail Building Available For Rent

      Retail building available for lease.
      4900 W Washington Blvd, Los Angeles, CA 90016
      View Details
    • $4 SF/Yr
      12,500 SF

      Retail Space for Lease

      Retail space available for lease in Los Angeles.
      3479-3485 S La Cienega Blvd, Los Angeles, CA 90016
      View Details
    • Contact for pricing
      1,240 SF

      Renovated Flex/Commercial Space Available

      Recently renovated flex/commercial space suitable for various uses.
      5149-5151 W Adams Blvd, Los Angeles, CA 90016
      View Details
    • Contact for pricing

      Prime Corner Restaurant Space Available

      Corner restaurant space in WestJeff neighborhood, ready for operation.
      4301 W Jefferson Blvd, Los Angeles, CA 90016
      View Details
    • Contact for pricing
      11,931 SF

      Retail Space Available For Rent

      Retail space available for lease in Los Angeles, CA.
      3321 La Cienega Blvd, Los Angeles, CA 90016
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    • Contact for pricing

      Retail Spaces on Washington Boulevard

      Retail suites available for lease in Los Angeles.
      4732-4742 W Washington Blvd, Los Angeles, CA 90016
      View Details
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    Los Angeles, CA 90016-1515
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    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
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