Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5605 Corbett St Los Angeles, CA 90016-4527

    • Apartment buildings
    • 10,244 SF
    • 0.49 lot acres
    OFF-MARKET
    Last Sale
    Nov 18, 2022
    Value Estimations
    $625,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7607641
    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

    • Apartment buildings

    Property Details for 5605 Corbett St

    Year built
    1948
    Construction
    WOOD
    Lot size
    0.49 lot acres
    Property size
    10,244 SF
    Zone code
    LARD1.5
    Property type
    Apartment buildings
    APN
    5047-015-010
    APU
    5047015010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $455,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $795,000
      Market price range: $368k - $796k

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.367
    Latitude
    34.025
    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
    $43,554
    $2,040,000
    $1,417,800
    $3,457,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      5,016 SF

      2808 Hillcrest Dr

      APARTMENT HOUSE (5+ UNITS) • 5,016 SF
      2808 Hillcrest Dr, Los Angeles, CA 90016-2967
      View Details
    • Value Estimation by Request
      6,150 SF

      2614 Ww Blvd

      APARTMENT HOUSE (5+ UNITS) • 6,150 SF
      2614 Ww Blvd, Los Angeles, CA 90016-3018
      View Details
    • Value Estimation by Request
      4,288 SF

      3021 Carmona Ave

      APARTMENT HOUSE (5+ UNITS) • 4,288 SF
      3021 Carmona Ave, Los Angeles, CA 90016-3233
      View Details
    • Value Estimation by Request
      9,450 SF

      3638 Carmona Ave

      APARTMENT HOUSE (5+ UNITS) • 9,450 SF
      3638 Carmona Ave, Los Angeles, CA 90016-5157
      View Details
    • Value Estimation
      $600,000
      10,244 SF

      5725 Corbett St

      APARTMENT HOUSE (5+ UNITS) • 10,244 SF
      5725 Corbett St, Los Angeles, CA 90016-4513
      View Details
    • Value Estimation by Request
      4,765 SF

      3443 Ww Blvd

      APARTMENT HOUSE (5+ UNITS) • 4,765 SF
      3443 Ww Blvd, Los Angeles, CA 90016-4128
      View Details

    Similar Nearby for Sale

    • $2,395,000
      9,000 SF

      Mid-City LA Townhome Apartments

      Eight-unit townhome apartment building in Mid-City Los Angeles.
      2251 Crenshaw Blvd, Los Angeles, CA 90016
      View Details
    • Contact for pricing
      7,903 SF

      Multifamily Property with 12 Units

      Multifamily property featuring 12 units in Los Angeles.
      2718 Cochran Ave, Los Angeles, CA 90016
      View Details
    • $4,299,000
      9,236 SF

      New Construction Six-Unit Investment Property

      New construction six-unit property in Mid City, Los Angeles.
      5209 20Th St, Los Angeles, CA 90016
      View Details
    • $4,299,000
      9,236 SF

      New Construction Multifamily Investment Property

      Six-unit apartment building in Mid City, Los Angeles. Fully stabilized.
      5209 W 20Th St, Los Angeles, CA 90016
      View Details
    • $1,325,777
      5,075 SF

      Los Angeles Home with Upgrades

      Charming Los Angeles home with modern upgrades and private backyard.
      2116 S Palm Grove Ave, Los Angeles, CA 90016
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Jefferson Park Boutique Office Space

      Boutique office building in Jefferson Park, near Expo Line.
      4324 W Jefferson Blvd, Los Angeles, CA 90016
      View Details
    • Contact for pricing

      Prime Corner Restaurant Space Available

      Corner restaurant space in WestJeff neighborhood, ready for operation.
      4301 W Jefferson Blvd, Los Angeles, CA 90016
      View Details
    • $5 SF/Yr

      Creative Office Campus in Culver

      73,250 SF creative office campus in the Culver City submarket.
      5950 Bowcroft St, Los Angeles, CA 90016
      View Details
    • $2 SF/Yr
      24,450 SF

      Bowcroft Street Warehouse Space Available

      Warehouse space with office build-out options and ample parking.
      5916-5922 Bowcroft St, Los Angeles, CA 90016
      View Details
    • Contact for pricing
      3,683 SF

      Creative Office Space Available

      Sublease opportunity with modern finishes and a roll-up door.
      3309-3323 La Cienega Pl, Los Angeles, CA 90016
      View Details
    • Contact for pricing
      6,396 SF

      Retail Building Available For Rent

      Retail building available for lease.
      4900 W Washington Blvd, Los Angeles, CA 90016
      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.
    5605 Corbett St
    Los Angeles, CA 90016-4527
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!