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    Property profile & analytics

    6021 Otis Ave Huntington Park, CA 90255-3444

    • Apartment buildings
    • 2,956 SF
    • 0.13 lot acres
    OFF-MARKET
    Value Estimations
    $565,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7794463
    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 6021 Otis Ave

    Year built
    1950
    Construction
    WOOD
    Lot size
    0.13 lot acres
    Property size
    2,956 SF
    Zone code
    HPR3*
    Property type
    Apartment buildings
    APN
    6317-006-028
    APU
    6317006028

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $795,000
      6.5%
      $730,000
      7%
      $680,000

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $660,000
      Current use
      WAREHOUSE, STORAGE
      $870,000
      Change: +31% Conversion: Difficult
      RETAIL STORES
      $680,000
      Change: +2% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $655,000
      Change: -1% Conversion: Moderate
      OFFICE BUILDING
      $610,000
      Change: -8% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Huntington Park
    County
    Los Angeles
    State
    California
    Longitude
    -118.192
    Latitude
    33.9853
    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
    $13,923
    $446,206
    $392,230
    $838,436
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      $1,955,000
      11,232 SF

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      APARTMENT HOUSE (5+ UNITS) • 11,232 SF
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      View Details
    • Value Estimation
      $795,000
      4,310 SF

      6026 Malabar St

      APARTMENT HOUSE (5+ UNITS) • 4,310 SF
      6026 Malabar St, Huntington Park, CA 90255-2858
      View Details
    • Value Estimation
      $2,455,000
      20,052 SF

      6730 Marbrisa Ave

      APARTMENT HOUSE (5+ UNITS) • 20,052 SF
      6730 Marbrisa Ave, Huntington Park, CA 90255-3731
      View Details
    • Value Estimation
      $795,000
      4,356 SF

      6524 Marbrisa Ave

      APARTMENT HOUSE (5+ UNITS) • 4,356 SF
      6524 Marbrisa Ave, Huntington Park, CA 90255-5777
      View Details
    • Value Estimation
      $795,000
      6,376 SF

      6804 Seville Ave

      APARTMENT HOUSE (5+ UNITS) • 6,376 SF
      6804 Seville Ave, Huntington Park, CA 90255-3858
      View Details
    • Value Estimation
      $1,000,000
      7,736 SF

      6703 Seville Ave

      APARTMENT HOUSE (5+ UNITS) • 7,736 SF
      6703 Seville Ave, Huntington Park, CA 90255-5868
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.44 Acres

      Huntington Park Mixed-Use Property

      51-unit apartment building, prime location
      2300 Florence Ave, Huntington Park, CA 90255
      View Details
    • $1,700,000

      Residential Income and Retail Property

      Investment opportunity: three residential units and a convenience store.
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    • $3,000,000
      11,039 SF

      Huntington Park 13-Unit Apartment Complex

      Fantastic 13-unit apartment complex in Huntington Park, California.
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    • $1,625,000
      3,392 SF

      Huntington Park Multifamily Investment Opportunity

      Seven-unit apartment building in Huntington Park near retail and employment.
      6200 Malabar St, Huntington Park, CA 90255
      View Details
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      Huntington Park Multifamily Investment Opportunity

      Nine-unit apartment building in Huntington Park for sale.
      2938 E 60Th Pl, Huntington Park, CA 90255
      View Details
    • $1,700,000
      5,110 SF

      Huntington Park Apartment Complex

      Large apartment complex in Huntington Park with upside potential.
      3213 Hill St, Huntington Park, CA 90255
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    Similar Nearby for Lease

    • Contact for pricing
      76,831 SF

      Margarita Plaza Retail Space

      Grocery-anchored retail center; spaces available.
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      View Details
    • Contact for pricing

      Industrial Property Fully Leased

      Industrial property in Huntington Park, CA, currently 100% leased.
      2231 Randolph St, Huntington Park, CA 90255
      View Details
    • $7,500 /Mo
      5,000 SF

      Retail Space in Huntington Park

      5000 sq ft retail space with ample parking.
      6725 Pacific Blvd, Huntington Park, CA 90255
      View Details
    • Contact for pricing
      38,718 SF

      Prime Huntington Park Retail Space

      High-visibility retail space with ample parking and modern storefront.
      5981 Maywood Ave, Huntington Park, CA 90255
      View Details
    • Contact for pricing
      6,275 SF

      Huntington Park Retail Opportunity

      6,275 SF Retail Space - Ample Parking
      6611 Pacific Blvd, Huntington Park, CA 90255
      View Details
    • $0.25 SF/Yr
      147,676 SF

      Concrete Yard for Short Term

      Divisible concrete yard approved for truck parking. Call for requirements.
      2501-2533 E 56Th St, Huntington Park, CA 90255
      View Details
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    6021 Otis Ave
    Huntington Park, CA 90255-3444
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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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