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

    6025 Santa Monica Blvd Los Angeles, CA 90038

    • Office buildings
    • 20,250 SF
    • 0.16 lot acres
    For Lease
    View listing
    $30,000
    Last Sale
    Jul 07, 2022
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7284715
    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

    • Cystic Fibrosis Foundation / Charitable Organization / Social Service Agency
    • Juice Bar & Mini Market La Oaxaquena / Grocery & Convenience Store / Food Market
    • Frost Cosmetics LLC / Cosmetic Store
    • New Alchemy Gallery / (Bike/Boat/Book/etc) Store / Home Decor Store

    Property Details for 6025 Santa Monica Blvd

    Year built
    1937
    Construction
    TILT-UP CONCRETE
    Lot size
    0.16 lot acres
    Property size
    20,250 SF
    Zone code
    LACM
    Property type
    Office buildings
    APN
    5534-014-012
    APU
    5534014012

    Description

    This newly renovated creative office space, located at 6025 Santa Monica Blvd in Los Angeles, CA 90038, offers a single unit ranging from 700 to 750 square feet. Ideal for a small business seeking a high-profile location in the heart of Hollywood, this retail storefront boasts immediate occupancy. The property is situated in Los Angeles County and is categorized as both retail and office space, specifically a creative office subtype. Multiple tenancies are available within the building. This exceptional opportunity places your business in close proximity to notable landmarks and institutions, including Emerson College Los Angeles Center, Sunset Gower Studios, Hollywood Forever Cemetery, Raleigh Studios, and Paramount Studios. The building's recent renovation ensures a modern and updated workspace. This is a rare chance to establish a presence on the prestigious Santa Monica Boulevard, a vibrant and highly visible location. The space is ready for immediate use, allowing for a swift and seamless transition for your business. The address is easily accessible and benefits from the high foot traffic and visibility associated with this prime Hollywood location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,809,000
      Market price range: $4.81M - $16.0M

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.321
    Latitude
    34.0911
    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
    $20,285
    $307,811
    $1,228,287
    $1,536,098
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $710,000
      1,750 SF

      7080 Santa Monica Blvd

      OFFICE BUILDING • 1,750 SF
      7080 Santa Monica Blvd, West Hollywood, CA 90038-1043
      View Details
    • Value Estimation
      $915,000
      4,218 SF

      5600 Santa Monica Blvd

      OFFICE BUILDING • 4,218 SF
      5600 Santa Monica Blvd, Los Angeles, CA 90038-2904
      View Details
    • Value Estimation
      $2,360,000
      13,500 SF

      6011 Santa Monica Blvd

      OFFICE BUILDING • 13,500 SF
      6011 Santa Monica Blvd, Los Angeles, CA 90038
      View Details
    • Value Estimation
      $15,840,000
      52,376 SF

      830 Lillian Way

      OFFICE BUILDING • 52,376 SF
      830 Lillian Way, Los Angeles, CA 90038
      View Details
    • Value Estimation
      $25,815,000
      106,334 SF

      926 Sycamore Ave

      OFFICE BUILDING • 106,334 SF
      926 Sycamore Ave, Los Angeles, CA 90038-2300
      View Details
    • Value Estimation
      $755,000
      1,874 SF

      758 Cahuenga Blvd

      OFFICE BUILDING • 1,874 SF
      758 Cahuenga Blvd, Los Angeles, CA 90038
      View Details

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    Similar Nearby for Lease

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      Melrose Avenue Stand-Alone Office Building

      Stand-alone office building on Melrose, ideal for creative use.
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    • $8 SF/Yr
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      Retail/Showroom/Office Space with Parking

      Retail, showroom, or office space with a 16,000 SF parking lot.
      810-814 N La Brea Ave, Los Angeles, CA 90038
      View Details
    • Contact for pricing
      616 SF

      Creative Office Space Available

      Newly constructed creative office space with shared kitchen.
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      West Hollywood Executive Suites

      Prime Office Space, Multiple Sizes Available
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      View Details
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    Los Angeles, CA 90038
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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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