Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5705 98th St Los Angeles, CA 90045-5603
    Back to Search
    Property profile & analytics

    5705 98th St, Los Angeles, CA 90045-5603

    View on Map
    • Warehouses
    • 68,430 SF
    • 3.84 lot acres
    Off-Market
    Last Sale Dec 30, 2020
    $115,001,150
    Property ID
    US09-2284600
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouse / Atm

    Property Details for 5705 98th St

    Year built
    1979
    Lot size
    3.84 lot acres
    Zone code
    LAM2
    Property type
    Warehouses
    APN
    4125-024-022
    APU
    4125024022

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 30, 2020 $115,000,000 La Airport Industrial Owner LP Johnson & Johnson Consumer INC Grant Deed —
    Oct 23, 1994 — Neutrogena Corp — Deed Of Trust · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.381
    Latitude
    33.9478
    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
    2023
    $302,951
    $23,825,160
    $104,040
    $23,929,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,135,000
      315,706 SF

      5525 Imperial Hwy

      WAREHOUSE, STORAGE
      5525 Imperial Hwy, Los Angeles, CA 90045
      View Details
    • Value Estimation
      $2,475,000
      19,800 SF

      11221 Hindry Ave

      WAREHOUSE, STORAGE
      11221 Hindry Ave, Los Angeles, CA 90045-6225
      View Details
    • Value Estimation
      $1,335,000
      11,365 SF

      5420 83rd St

      WAREHOUSE, STORAGE
      5420 83rd St, Los Angeles, CA 90045-3204
      View Details
    • Value Estimation
      $8,700,000
      60,292 SF

      5218 104th St

      WAREHOUSE, STORAGE
      5218 104th St, Los Angeles, CA 90045-6102
      View Details
    • Value Estimation
      $1,665,000
      16,560 SF

      8330 Hindry Ave

      WAREHOUSE, STORAGE
      8330 Hindry Ave, Los Angeles, CA 90045-3206
      View Details
    • Value Estimation
      $8,405,000
      107,063 SF

      5544 Centinela Ave

      MINI-WAREHOUSE, STORAGE
      5544 Centinela Ave, Los Angeles, CA 90045-2005
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      26,000 SF

      Industrial Property Near LAX

      Warehouse and retail space with car wash and fuel station.
      8924 Bellanca Ave, Westchester, CA 90045
      View Details
    • Contact for pricing
      53,000 SF

      Industrial Space Near LAX

      53,000 SF industrial space with modern offices near LAX.
      9000 Bellanca Ave, Westchester, CA 90045
      View Details
    • Contact for pricing
      41,656 SF

      Flex Warehouse with Modern Office

      Freestanding flex/warehouse building with modern office space for lease.
      5431 W 104Th St, Los Angeles, CA 90045
      View Details
    • Contact for pricing
      57,868 SF

      Dual-Building Office and Flex Campus

      Dual-building office and flex campus in the heart of Silicon Beach.
      5600 W Centinela Ave, Los Angeles, CA 90045
      View Details
    • Contact for pricing
      38,769 SF

      Dual-Building Office and Flex Campus

      Office and flex campus in the heart of Silicon Beach.
      5650 W Centinela Ave, Los Angeles, CA 90045
      View Details
    • Contact for pricing

      Flex Property for Creative Use

      Freestanding flex property with studios, creative office, and outdoor deck.
      Los Angeles, CA 90045
      View Details

    Similar Nearby for Lease

    • $2.00 SF/Yr

      Industrial Space Near LAX

      63,502 SF available for lease or purchase near LAX.
      5432 West 102Nd St, Los Angeles, CA 90045
      View Details
    • Contact for pricing
      14,800 SF

      Warehouse/Flex Space Near LAX

      Warehouse/flex space with office/showroom, close to freeways and LAX.
      5255 W 102Nd St, Los Angeles, CA 90045
      View Details
    • $2 SF/Yr
      24,825 SF

      Los Angeles Flex Building For Rent

      Flex building with office, outdoor deck, and high-ceiling warehouse.
      5450 W 83Rd St, Los Angeles, CA 90045
      View Details
    • Contact for pricing
      37,011 SF

      Prime Airfreight Space Near LAX

      Class A warehouse space, close to LAX and US Customs.
      5353 W Imperial Hwy, Los Angeles, CA 90045
      View Details
    • Contact for pricing
      1,612 SF

      Industrial Flex Unit Sublease

      Clean industrial/flex unit with easy freeway access for sublease.
      11160 Hindry Ave, Los Angeles, CA 90045
      View Details
    • $1.65 SF/Yr
      10,170 SF

      LAX Warehouse with Office Space

      Warehouse with office space in prime LAX industrial location.
      Los, Los Angeles, CA 90045
      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.
    5705 98th St
    Los Angeles, CA 90045-5603
    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

    Thank You for Inquiry
    5705 98th St, Los Angeles, CA, 90045
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!