Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5120 Figueroa St Los Angeles, CA 90042
    Back to Search
    Property profile & analytics

    5120 Figueroa St, Los Angeles, CA 90042

    View on Map
    • Car washes
    • 3,014 SF
    • 0.30 lot acres
    Off-Market
    Last Sale Feb 14, 2024
    Property ID
    US09-9537885
    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
    $705,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Car washes

    Property Details for 5120 Figueroa St

    Year built
    1957
    Construction
    WOOD
    Lot size
    0.30 lot acres
    Zone code
    LAC4
    Property type
    Car washes
    APN
    5468-005-032
    APU
    5468005032

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 9, 2025 — Daniel Lee Catherine Lee — Deed · related $1.8M · American Continental Bank
    Feb 14, 2024 — Highland Park Car Wash LLC Daniel Y Lee Lease $2.4M · Premier Valley Bank
    Jan 25, 2018 — Catherine Lee Ching L Wong Quit Claim Deed · related $1.7M · Wells Fargo Bank NA
    Oct 13, 2016 $1,200,000 Daniel Lee American Default Mgmt|neesan,albert Trustees Deed · related —
    Jan 10, 2007 — Neesan Albert & A Living Trust Neesan,albert Quit Claim Deed · related —
    Oct 10, 2006 — Albert Neesan Neesan,azhar Quit Claim Deed · related —
    Oct 10, 2006 $700,000 Albert Neesan Wong,henry & Kathleen Grant Deed $600k · Pacific City Bank
    Sep 21, 1999 — Martorano Alfred F Martorano,a F & M A Quit Claim Deed · related —

    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
    -118.2
    Latitude
    34.1057
    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
    $25,371
    $1,086,625
    $585,979
    $1,672,604
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.08 Acres

      467 Ave 60

      SERVICE STATION (FULL SERVICE)
      467 Ave 60, Los Angeles, CA 90042-4301
      View Details
    • Value Estimation by Request
      8,700 SF

      Los Angeles, CA 90042

      PARKING LOT
      Los Angeles, CA 90042
      View Details
    • Value Estimation by Request
      0.24 Acres

      475 Ave 60

      SERVICE STATION (FULL SERVICE)
      475 Ave 60, Los Angeles, CA 90042-4301
      View Details
    • Value Estimation
      $830,000
      7,254 SF

      5701 York Blvd

      AUTO REPAIR, GARAGE
      5701 York Blvd, Los Angeles, CA 90042-2643
      View Details
    • Value Estimation
      $625,000
      8,000 SF

      5003 Figueroa St

      AUTO REPAIR, GARAGE
      5003 Figueroa St, Los Angeles, CA 90042-3919
      View Details
    • Value Estimation by Request
      1,008 SF

      5401 York Blvd

      AUTO REPAIR, GARAGE
      5401 York Blvd, Los Angeles, CA 90042-2401
      View Details

    Similar Nearby for Sale

    • $3,500,000
      11,738 SF

      Highland Park Multifamily Investment Opportunity

      Prime Highland Park property with attractive financing and cash flow.
      Meridian St, Los Angeles, CA 90042
      View Details
    • $179,000
      0.25 Acres

      Highland Park Land Parcel

      Partially graded lot in Highland Park ready for development.
      1425 N Highgate Ave, Los Angeles, CA 90042
      View Details
    • $799,000
      0.13 Acres

      Development Site in Highland Park

      8,400 SF lot with redevelopment potential in prime location.
      5612 Monterey Rd, Los Angeles, CA 90042
      View Details
    • $1,290,000

      Highland Park Bungalow with Detached Unit

      Two-story bungalow with detached unit in Historic Highland Park.
      5938 E Echo St, Los Angeles, CA 90042
      View Details
    • $5,900,000

      Highland Park Multifamily Investment Opportunity

      28-unit apartment community with value-add potential in Highland Park.
      200 Avenue 59 S, Los Angeles, CA 90042
      View Details
    • New
      $1,895,000
      Pending

      Highland Park Multifamily Value-Add Opportunity

      12-unit building in prime Highland Park location.
      5629 Monte Vista St, Los Angeles, CA 90042
      View Details

    Similar Nearby for Lease

    • $2,400 /Mo

      Highland Park Commercial Space

      Commercial space in a desirable Highland Park location.
      5827 York Blvd, Los Angeles, CA 90042
      View Details
    • Contact for pricing

      York Blvd Restaurant Opportunity

      Second-generation restaurant space available in vibrant Highland Park.
      5924-5930 York Blvd, Los Angeles, CA 90042
      View Details
    • Contact for pricing

      Highland Park Restaurant Opportunity

      Restaurant space available in Highland Park neighborhood.
      5530 Monte Vista St, Los Angeles, CA 90042
      View Details
    • $29,995
      12,500 SF

      Los Angeles Educational Facility For Lease

      Spacious school property with classrooms, dining area, and playground.
      Figueroa St, Los Angeles, CA 90042
      View Details
    • Contact for pricing
      1,852 SF

      Creative Office Space Available

      Second floor creative office space with high-end finishes.
      5532-5538 N Figueroa St, Highland Park, CA 90042
      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.
    5120 Figueroa St
    Los Angeles, CA 90042
    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
    5120 Figueroa St, Los Angeles, CA, 90042
    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!