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    5830 Obama Blvd Los Angeles, CA 90016
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    Property profile & analytics

    5830 Obama Blvd Los Angeles, CA 90016

    View on Map
    • Office buildings
    • 36,992 SF
    • 0.92 lot acres
    For Lease
    $28,460,000
    View Listing →
    Creative Office Space on Obama For Lease
    $28,460,000
    40,000 SF

    Creative Office Space on Obama

    Renovated creative office space in the Jefferson Corridor.

    5830 Obama Blvd, Los Angeles, CA 90016
    View Listing
    Property ID
    US10-0469063
    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
    $28,460,000
    Cap Rate Potential
    3.4%
    Office buildings
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 5830 Obama Blvd

    Year built
    1967
    Construction
    TILT-UP CONCRETE
    Lot size
    0.92 lot acres
    Property size
    36,992 SF
    Zone code
    LAC4
    Property type
    Office buildings
    APN
    4204-020-243
    APU
    4204020243

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $27,550,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $29,298,000
      Market price range: $8.79M - $29.3M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $18,565,000
      Current use
      RESTAURANT
      $30,425,000
      Change: +64% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $20,110,000
      Change: +8% Conversion: Difficult
      RETAIL STORES
      $18,165,000
      Change: -2% 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
    -118.374
    Latitude
    34.0214
    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
    $360,665
    $18,207,000
    $11,444,400
    $29,651,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,242 SF

      4540 Washington Blvd

      OFFICE BUILDING • 2,242 SF
      4540 Washington Blvd, Los Angeles, CA 90016-1718
      View Details
    • Value Estimation by Request
      1,551 SF

      4925 Adams Blvd

      OFFICE BUILDING • 1,551 SF
      4925 Adams Blvd, Los Angeles, CA 90016-2849
      View Details
    • Value Estimation
      $11,740,000
      52,396 SF

      5930 Jefferson Blvd

      OFFICE BUILDING • 52,396 SF
      5930 Jefferson Blvd, Los Angeles, CA 90016-4306
      View Details
    • Value Estimation
      $5,155,000
      8,013 SF

      2412 Thurman Ave

      OFFICE BUILDING • 8,013 SF
      2412 Thurman Ave, Los Angeles, CA 90016-1934
      View Details
    • Value Estimation
      $680,000
      2,882 SF

      5443 Washington Blvd

      OFFICE BUILDING • 2,882 SF
      5443 Washington Blvd, Los Angeles, CA 90016-1112
      View Details
    • Value Estimation
      $1,040,000
      5,740 SF

      4907 Washington Blvd

      OFFICE BUILDING • 5,740 SF
      4907 Washington Blvd, Los Angeles, CA 90016-1465
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      40,000 SF

      Renovated Creative Office Building

      40,000 SF renovated creative office in Los Angeles.
      5830 Obama Blvd, Los Angeles, CA 90016
      View Details
    • Contact for pricing
      3,000 SF

      Free Standing Office Building

      3,000 SF vacant office building suitable for owner/user or investment.
      5500 E Washington Blvd, Los Angeles, CA 90016
      View Details
    • $2,050,000
      4,400 SF

      Creative Live/Work Flex Campus

      Two-story renovated live/work and flex campus near transit.
      5017 Exposition Blvd, Los Angeles, CA 90016
      View Details
    • $2,050,000
      10,720 SF

      Retail Storefronts on Jefferson Boulevard

      Multi-tenant retail property with high ceilings and alley access.
      3612- West Jefferson Blvd, Los Angeles, CA 90016
      View Details
    • $2,699,000
      5,983 SF

      Modern Triplex in Los Angeles

      Triplex with modern luxury and convenience in Mid City.
      2151 West View St, Los Angeles, CA 90016
      View Details
    • Contact for pricing

      Mid-City Home with Detached ADU

      Remodeled Mid-City home with detached ADU and garage.
      2131 S Cloverdale Ave, Los Angeles, CA 90016
      View Details

    Similar Nearby for Lease

    • $5 SF/Yr
      73,250 SF

      Creative Office Campus For Rent

      Creative office campus featuring bow truss structures and abundant natural light.
      5950-5978 Bowcroft St, Los Angeles, CA 90016
      View Details
    • Contact for pricing
      17,806 SF

      Culver City Standalone Bow-Truss Building

      Bow-truss building in Culver City with premium onsite amenities.
      5877 Obama Blvd, Los Angeles, CA 90016
      View Details
    • 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
    • $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
    • Contact for pricing

      Creative Office Space on Obama

      Renovated creative office space in the Jefferson Corridor.
      5830 Obama Blvd, Los Angeles, CA 90016
      View Details
    • $4 SF/Yr

      Rehabbed Creative Space Available

      Rehabbed creative space for rent in Los Angeles.
      4126 W Jefferson Blvd, Los Angeles, CA 90016
      View Details
    View Listing
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    Los Angeles, CA 90016
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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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