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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5148 Washington Blvd Los Angeles, CA 90016-1308

    • Retail properties
    • 3,825 SF
    • 0.19 lot acres
    OFF-MARKET
    Last Sale
    Sep 08, 2022
    $2,250,022
    Value Estimations
    $1,990,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7231691
    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

    • Holiday Lighting Los Angeles - A Holiday Lighting Company / Christmas Store / Event Technology Service
    • WOVA Event Production / Event Technology Service / Event Management Company
    • The Lighter Side Event Lighting & Holiday Lighting / Event Technology Service / Event Planner
    • BetaSptoDVD.com / Video Production Service / Video Duplication Service
    • Transfer Ninjas / Video Editing Service / Video Duplication Service

    Property Details for 5148 Washington Blvd

    Year built
    1951
    Construction
    TILT-UP CONCRETE
    Lot size
    0.19 lot acres
    Property size
    3,825 SF
    Zone code
    LAC2
    Property type
    Retail properties
    APN
    5062-006-020
    APU
    5062006020

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,455,000
      ML approach
      $1,800,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,183,000
      Market price range: $562k - $2.18M

    • Alternative Use

      Use
      Estimation
      SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING)
      $1,375,000
      Current use
      AUTO REPAIR, GARAGE
      $2,080,000
      Change: +51% Conversion: Difficult
      OFFICE BUILDING
      $1,920,000
      Change: +40% Conversion: Difficult
      RETAIL STORES
      $1,880,000
      Change: +37% Conversion: Difficult
      MEDICAL BUILDING
      $1,740,000
      Change: +27% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,620,000
      Change: +18% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.352
    Latitude
    34.0408
    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
    $28,341
    $2,040,000
    $255,000
    $2,295,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      5,252 SF

      5429 Washington Blvd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 5,252 SF
      5429 Washington Blvd, Los Angeles, CA 90016-1112
      View Details
    • Value Estimation by Request
      4,500 SF

      5511 Adams Blvd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 4,500 SF
      5511 Adams Blvd, Los Angeles, CA 90016-2503
      View Details
    • Value Estimation by Request
      12,700 SF

      5181 Adams Ln

      Office Properties & Spaces • 12,700 SF
      5181 Adams Ln, Los Angeles, CA 90016
      View Details
    • Value Estimation by Request
      5,000 SF

      2821 Crenshaw Blvd

      Office space • 5,000 SF
      2821 Crenshaw Blvd, Los Angeles, CA 90016
      View Details
    • Value Estimation by Request
      7,048 SF

      4732-4742 Washington Blvd

      Retail properties • 7,048 SF
      4732-4742 Washington Blvd, Los Angeles, CA 90016
      View Details
    • Value Estimation by Request
      40,000 SF

      3045 Crenshaw Blvd

      Retail properties • 40,000 SF
      3045 Crenshaw Blvd, Los Angeles, CA 90016
      View Details

    Similar Nearby for Sale

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      Prime West Adams Retail Opportunity, 10,013 SF
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    • $2,050,000
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      Multi-tenant retail property with high ceilings and alley access.
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      Office/Retail Building For Sale

      New office/retail building suitable for medical, retail, and restaurant uses.
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    • $5,999,000
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      West Adams Retail and Creative Space

      Multi-tenant building with creative and retail space in West Adams.
      4310-4312 W Jefferson Blvd, Los Angeles, CA 90016
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    • $1,900,000
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      West Adams Mixed-Use Investment

      Prime West Adams, 7-unit building, high ROI.
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      Los Angeles Industrial Portfolio Opportunity

      Five buildings on two lots, ideal for development or owner-user.
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    Similar Nearby for Lease

    • Contact for pricing
      12,700 SF

      West Adams Executive Suites

      Prime LA Office Space, 5 Suites Available
      5181 Adams Blvd, Los Angeles, CA 90016
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    • Contact for pricing
      7,048 SF

      Prime LA Retail Space Available

      Four Suites, Newly Renovated, High Ceilings
      4732-4742 Washington Blvd, Los Angeles, CA 90016
      View Details
    • $51 SF/Yr
      10,000 SF

      La Brea Ave Retail Strip Center

      High-Visibility Retail Space in Los Angeles
      3601-3701 La Brea Ave, Los Angeles, CA 90016
      View Details
    • $35 SF/Yr
      5,000 SF

      Crenshaw Blvd Creative Office Space

      West LA creative office, 2,500 sq ft available.
      2821 Crenshaw Blvd, Los Angeles, CA 90016
      View Details
    • Contact for pricing
      40,000 SF

      Crenshaw Blvd Retail Opportunity

      Prime Los Angeles Retail Space Available
      3045 Crenshaw Blvd, Los Angeles, CA 90016
      View Details
    • $28 SF/Yr
      36,000 SF

      Creative Office Space, La Cienega Blvd.

      Prime LA location, flexible suites available.
      3485 La Cienega Blvd, Los Angeles, CA 90016
      View Details
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    5148 Washington Blvd
    Los Angeles, CA 90016-1308
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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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