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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5935 Pico Blvd Los Angeles, CA 90035-2706

    • Community centers
    • 11,816 SF
    • 0.59 lot acres
    OFF-MARKET
    Value Estimations
    $3,650,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-0454594
    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

    • The Parker / Apartment Building / Apartment Complex
    • Cozy Air Conditioning / Hvac Contractor

    Property Details for 5935 Pico Blvd

    Year built
    1985
    Construction
    TILT-UP CONCRETE
    Lot size
    0.59 lot acres
    Property size
    11,816 SF
    Zone code
    LAC4
    Property type
    Community centers
    APN
    5087-022-030
    APU
    5087022030

    Description

    The Parker - 5935 Pico Boulevard in Los Angeles, CA (zip code 90035) offers a unique retail investment opportunity. This multi-tenant retail property, categorized as a restaurant space, boasts a total building area of 162,867 square feet. Currently, there are 3,413 square feet of vacant space available, divided into four separate units ranging in size from 546 to 1,344 square feet. The property's strategic location on Pico Boulevard places it within easy reach of major business and entertainment districts, including the Miracle Mile, Culver City, Fairfax, and Century City. This prime location ensures high visibility and accessibility for businesses seeking to tap into a thriving and densely populated area. The development is described as new and is situated amongst established Los Angeles businesses and popular destinations, making it an ideal location for businesses aiming to attract both local residents and visitors. The property's address is 5935 W Pico Blvd, Los Angeles, CA 90035, with coordinates 34.0523687 latitude and -118.3693402 longitude. This presents a compelling opportunity for businesses seeking a well-located and sizable space in a dynamic Los Angeles neighborhood. The available spaces are perfect for a variety of restaurant concepts or complementary retail uses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,335,000
      6.5%
      $4,925,000
      7%
      $4,570,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $5,005,000
      Current use
      OFFICE BUILDING
      $5,930,000
      Change: +19% Conversion: Moderate
      MEDICAL BUILDING
      $5,385,000
      Change: +8% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.369
    Latitude
    34.0523
    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
    $236,053
    $15,420,408
    $3,998,095
    $19,418,503
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,420,000
      5,770 SF

      1812 La Cienega Blvd

      MINI-MALL • 5,770 SF
      1812 La Cienega Blvd, Los Angeles, CA 90035
      View Details
    • Value Estimation
      $25,130,000
      82,959 SF

      9618 Pico Blvd

      MINI-MALL • 82,959 SF
      9618 Pico Blvd, Los Angeles, CA 90035-1279
      View Details
    • Value Estimation
      $1,720,000
      9,574 SF

      5952 Pico Blvd

      MINI-MALL • 9,574 SF
      5952 Pico Blvd, Los Angeles, CA 90035-2658
      View Details
    • Value Estimation
      $3,600,000
      266,457 SF

      1801 La Cienega Blvd

      MINI-MALL • 266,457 SF
      1801 La Cienega Blvd, Los Angeles, CA 90035-4641
      View Details
    • Value Estimation
      $3,075,000
      9,835 SF

      8500 Olympic Blvd

      MINI-MALL • 9,835 SF
      8500 Olympic Blvd, Los Angeles, CA 90035-8500
      View Details
    • Value Estimation by Request
      1,200 SF

      1144 Oakhurst Dr

      PARKING LOT • 1,200 SF
      1144 Oakhurst Dr, Los Angeles, CA 90035
      View Details

    Similar Nearby for Sale

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      8,235 SF on 11,544 SF Value Add West Pico Commercial Investment

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    Similar Nearby for Lease

    • Contact for pricing

      Fully Leased Retail Property

      Retail property is 100% leased with no current availability.
      10569 W Pico Blvd, Los Angeles, CA 90035
      View Details
    • $3 SF/Yr
      1,650 SF

      Retail/Restaurant Space Available

      Retail or restaurant space with ADA restrooms, floor drains.
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      View Details
    • $6 SF/Yr
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      Newly Renovated Retail Space

      Modern retail space with prime location and convenient access.
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    • Contact for pricing

      La Cienega Boulevard Showroom Opportunity

      27,479 SF showroom with gated parking on La Cienega.
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    • $36 SF/Yr
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      La Cienega Blvd Retail Space For Lease

      1,500 SF Retail Space, High Visibility
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    • $3 SF/Yr
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      Prime West Pico Location: 2 Retail Stores

      Prime West Pico Location: 2 Retail Stores
      5994 W Pico Blvd, Los Angeles, CA 90035
      View Details
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    Los Angeles, CA 90035-2706
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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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