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

    515 Molino St, Unit 3C Los Angeles, CA 90013-2225

    • Retail space
    • 2,180 SF
    • 0.20 lot acres
    OFF-MARKET
    Value Estimations
    $680,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-9340854
    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

    • Objective Real Estate Partners / Property Investment Company
    • Iaffaldano, Shaw & Young LLP / Law Firm

    Property Details for 515 Molino St

    Year built
    1941
    Construction
    TILT-UP CONCRETE
    Lot size
    0.20 lot acres
    Property size
    2,180 SF
    Zone code
    LAM3
    Property type
    Retail space
    APN
    5163-021-170
    APU
    5163021170

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $845,000
      6.5%
      $780,000
      7%
      $725,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $895,000
      Current use
      OFFICE BUILDING
      $1,095,000
      Change: +22% Conversion: Easy
      MEDICAL BUILDING
      $995,000
      Change: +11% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $925,000
      Change: +3% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.234
    Latitude
    34.0412
    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
    $30,102
    $1,393,861
    $1,050,757
    $2,444,618
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $5,910,000
      26,704 SF

      337 Broadway

      RETAIL STORES (PERSONAL SERVICES) • 26,704 SF
      337 Broadway, Los Angeles, CA 90013
      View Details
    • Value Estimation
      $6,535,000
      25,530 SF

      559 Broadway

      RETAIL STORES (PERSONAL SERVICES) • 25,530 SF
      559 Broadway, Los Angeles, CA 90013-2301
      View Details
    • Value Estimation
      $2,595,000
      11,113 SF

      127 3rd St

      RETAIL STORES (PERSONAL SERVICES) • 11,113 SF
      127 3rd St, Los Angeles, CA 90013-1301
      View Details
    • Value Estimation
      $1,120,000
      4,150 SF

      218 Boyd St

      RETAIL STORES (PERSONAL SERVICES) • 4,150 SF
      218 Boyd St, Los Angeles, CA 90013-2385
      View Details
    • Value Estimation
      $5,665,000
      22,296 SF

      412 Wall St

      RETAIL STORES (PERSONAL SERVICES) • 22,296 SF
      412 Wall St, Los Angeles, CA 90013-1541
      View Details
    • Value Estimation
      $1,375,000
      5,830 SF

      425 Los Angeles St

      RETAIL STORES (PERSONAL SERVICES) • 5,830 SF
      425 Los Angeles St, Los Angeles, CA 90013-1486
      View Details

    Similar Nearby for Sale

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      Free-standing industrial building with optimized lot and convenient freeway access.
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    Similar Nearby for Lease

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      Retail/Restaurant Space in Downtown LA

      Ground floor retail/restaurant space near Pershing Square.
      427 W 5Th St, Los Angeles, CA 90013
      View Details
    • $3 SF/Yr
      2,500 SF

      Retail Space on South Broadway

      Retail space available for lease on South Broadway.
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      Retail Space For Lease

      Retail space available for lease in Los Angeles, CA.
      437 S Hill St, Los Angeles, CA 90013
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    • Contact for pricing
      2,650 SF

      Retail and Restaurant Space Available

      Retail and restaurant space with open ceilings and natural light.
      808-820 E 3Rd St, Los Angeles, CA 90013
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      Downtown LA Retail Space

      Retail space in the heart of Downtown LA's Toys District.
      369 Wall St, Los Angeles, CA 90013
      View Details
    • Contact for pricing
      13,000 SF

      Downtown LA Executive Office Space

      Prime location, 13,000 sq ft, two suites available
      550 Hill St, Los Angeles, CA 90013
      View Details
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    515 Molino St, Unit 3C
    Los Angeles, CA 90013-2225
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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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