516 La Brea Ave Los Angeles, CA 90036-2016
Entity Owned
Absentee Owner
~
Est. High Equity
Estimated value (blended)
$2.12M
Range $1.90M – $2.33M (±10%)
Property ID
US09-7268172
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1937
Construction
WOOD
Total area
4,100 SF
Lot
0.1 ac (4,199 SF)
Zoning code
LAC4
APN
5525-020-008
UPID
US09-7268172
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Specialty Food Shop Candy Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.47M
Comparable Approach
Comparable
$2.80M
Blend (final)
Blend
$2.12M
Owner & transaction history
since 2026
Last sale
$2.1M
5 recorded transactions
Zoning & alternative use
LAC4 · Los Angeles, CA
Top alternative use upside
Auto repair, garage
$2.2M
+32.4%
Office building
$2.1M
+22.2%
Medical building
$1.9M
+11.0%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 7 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.12M
Value range
$1.90M – $2.33M
±10% around blend
Estimated value / SF
$516 / SF
Confidence
High
7 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
70
$1.90M
blend $2.12M
$2.33M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
4,100 SF
Lot area
0.1 ac
Year built
1937
Stories
1
APN
5525-020-008
Assessed value
$3,473,722
Annual tax
$42,279
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.47M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.59M
@ 6.5% CAP return
$1.47M
@ 7% CAP return
$1.36M
4
Sales comparison
Partial preview
Sales approach indication
$1.88M
Weighted, 7 comps · high confidence
Evidence
7 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
0.8 mi away · 3,474 SF
0.8 mi away · 4,800 SF
1.1 mi away · 3,750 SF
1.2 mi away · 3,000 SF
2.4 mi away · 3,276 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.12M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 1199 sales
$411
+26%
County 3566 sales
$383
+35%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $516/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+32%
vs current-use indication
Office Building
Medical Building
Neighborhood: Shopping Center
Retail Stores · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 7 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.10M
Move the market yield to see immediate price impact.
Value / SF
$512
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$132k
$2.65M
$1.89M
$1.47M
$147k
$2.94M
$2.10M
$1.63M
$162k
$3.23M
$2.31M
$1.80M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
7 found
High confidence · county-verified
Closest comparable
$975k
0.4 mi · Jan 2026 · $277/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$42,279
Tax year 2024
Assessed value
$3,473,722
Assessed 2024
Previous assessed
$3,473,722
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$2,342,588
Assessed improvement
$1,131,134
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1937
Construction
WOOD
Heating
NONE
Stories
1
Total area
4,100 SF
Lot
0.1 ac (4,199 SF)
Zoning code
LAC4
APN
5525-020-008
UPID
US09-7268172
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC4 · Los Angeles, CAZoning LAC4 · permitted uses
LAC4 · Los Angeles, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1937
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.1 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
LAC4
Jurisdiction
Los Angeles, CA
Recorded code
LAC4
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for LAC4 in Los Angeles, CA.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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