516 La Brea Ave Los Angeles, CA 90036-2016
Property profile & analytics
516 La Brea Ave Los Angeles, CA 90036-2016
- Retail space
- 4,100 SF
- 0.10 lot acres
Property ID
US09-7268172
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.
Location Intelligence
Current Use by Public Records
- Compartes Chocolatier Los Angeles / Specialty Food Shop / Candy Store
Property Details for 516 La Brea Ave
- Year built
- 1937
- Construction
- WOOD
- Lot size
- 0.10 lot acres
- Property size
- 4,100 SF
- Zone code
- LAC4
- Property type
- Retail space
- APN
- 5525-020-008
- APU
- 5525020008
Description
This exceptional 5,200 square foot single-tenant property boasts a prime location at 516 N. La Brea Avenue, nestled between the vibrant neighborhoods of West Hollywood and Hollywood. The space features a stunning ground floor showroom with high ceilings, previously showcased in Architectural Digest and the Los Angeles Times. Ideal for a creative office or retail business, the property has recently undergone updates. The second floor offers office and storage space with operable windows, providing ample natural light and ventilation. A unique feature is a converted 4-5 car garage, now adaptable for retail or storage use. This location benefits from exceptional visibility and high foot traffic on La Brea Avenue, just a short 1.5-block stroll from the amenity-rich Melrose Avenue. The surrounding area is densely populated with an affluent demographic. Convenience is key, with numerous restaurants and retail options within walking distance. The property's Walk Score of 92 out of 100 confirms its pedestrian-friendly environment, making it a "Walker's Paradise." This property presents a rare opportunity to secure a highly desirable and well-appointed space in a thriving Los Angeles location.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,585,000
- 6.5%
- $1,465,000
- 7%
- $1,360,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,797,000
Market price range: $800k - $2.80M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,685,000 Current use
- AUTO REPAIR, GARAGE
- $2,230,000 Change: +32% Conversion: Difficult
- OFFICE BUILDING
- $2,060,000 Change: +22% Conversion: Easy
- MEDICAL BUILDING
- $1,870,000 Change: +11% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $1,735,000 Change: +3% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.344
- Latitude
- 34.0809
- 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
$42,279
$2,342,588
$1,131,134
$3,473,722
-
$0.00
$0.00
$0.00
