Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6031 San Vicente Blvd Los Angeles, CA 90036-4434
    Back to Search
    Property profile & analytics

    6031 San Vicente Blvd, Los Angeles, CA 90036-4434

    View on Map
    • Turn key restaurants
    • 3,801 SF
    • 0.28 lot acres
    Off-Market
    Property ID
    US10-0447165
    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

    • Fortune House Chinese Cuisine / Restaurant

    Property Details for 6031 San Vicente Blvd

    Year built
    1969
    Construction
    WOOD
    Lot size
    0.28 lot acres
    Zone code
    LAC2
    Property type
    Turn key restaurants
    APN
    5086-012-029
    APU
    5086012029

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 1, 2024 — Kim Tong Yan Kim Tong Yan Deed · related —
    May 23, 2017 — Trhc LLC Yan Kim T & Rossana S Trust Quit Claim Deed —
    May 16, 2014 — Yan,kim T & R S Living Trust Yan,kim T & Rossana S Quit Claim Deed · related —
    Nov 12, 2013 — Kim T Yan Hunan Taste Chinese Restaurant Quit Claim Deed —
    Mar 2, 1994 $712,500 Hunan Taste Chinese Restaurant L Hoskey Trust Grant Deed $370k · Guardian Bank
    Dec 1, 1993 — Hoskey,henry Trustee Hoskey,h B Quit Claim Deed · related —
    May 20, 1993 — Hoskey,henry B Tr — Deed Of Trust · related —
    Feb 3, 1989 — Hoskey Henry B Tr — Deed Of Trust · related —
    — — Hunan Taste Chinese Restaurant V — Deed Of Trust · related $70k · Individual
    — — Hunan Taste Chinese Restaurant V — Deed Of Trust · related $20k · Individual

    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
    -118.363
    Latitude
    34.0583
    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
    $15,524
    $711,534
    $474,903
    $1,186,437
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $580,000
      3,777 SF

      7360 Beverly Blvd

      RESTAURANT
      7360 Beverly Blvd, Los Angeles, CA 90036-2501
      View Details
    • Value Estimation
      $755,000
      13,981 SF

      641 Highland Ave

      RESTAURANT
      641 Highland Ave, Los Angeles, CA 90036-2017
      View Details
    • Value Estimation
      $730,000
      3,829 SF

      840 Fairfax Ave

      RESTAURANT
      840 Fairfax Ave, Los Angeles, CA 90036-4421
      View Details
    • Value Estimation
      $850,000
      6,790 SF

      7450 Beverly Blvd

      RESTAURANT
      7450 Beverly Blvd, Los Angeles, CA 90036-2701
      View Details
    • Value Estimation by Request
      2,400 SF

      7613 Beverly Blvd

      RESTAURANT
      7613 Beverly Blvd, Los Angeles, CA 90036-2705
      View Details
    • Value Estimation
      $505,000
      2,157 SF

      465 Fairfax Ave

      RESTAURANT
      465 Fairfax Ave, Los Angeles, CA 90036-3122
      View Details

    Similar Nearby for Sale

    • $3,998,000

      La Brea Retail/Restaurant Opportunity

      Retail/restaurant space in dynamic La Brea revitalization corridor.
      611 North La Brea Ave, Los Angeles, CA 90036
      View Details
    • Contact for pricing

      Fairfax District Retail Investment Opportunity

      Retail building in Fairfax District near Miracle Mile for sale.
      Los, Los Angeles, CA 90036
      View Details
    • $4,298,000

      La Brea Retail/Restaurant Opportunity

      Retail/restaurant space in dynamic La Brea revitalization corridor.
      617 North La Brea Ave, Los Angeles, CA 90036
      View Details
    • $2,300,000

      Vacant Land Parking Lot

      Vacant land utilized as parking for retail properties.
      615 South La Brea Ave, Los Angeles, CA 90036
      View Details
    • Contact for pricing
      2,800 SF

      La Brea Avenue Retail Space

      Retail space in a lively Los Angeles Mid-City West area.
      615 N La Brea Ave, Los Angeles, CA 90036
      View Details
    • Contact for pricing
      23,660 SF

      Retail Space Available for Lease

      Retail space available, suites can be combined.
      731-741 S La Brea Ave, Los Angeles, CA 90036
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Turnkey Restaurant Space Sublease Available

      Fully renovated restaurant space ready for immediate operations.
      5466 Wilshire Blvd, Los Angeles, CA 90036
      View Details
    • $60 SF/Yr
      20,486 SF

      Beverly Blvd Retail Opportunity

      West Hollywood Retail Space - 20,486 SF
      7366 Beverly Blvd, Los Angeles, CA 90036
      View Details
    • Contact for pricing

      Mid-Wilshire Restaurant/Retail Spaces Available

      Restaurant and retail spaces for lease in Mid-Wilshire.
      5410 Wilshire Blvd, Los Angeles, CA 90036
      View Details
    • Contact for pricing
      4,410 SF

      Retail Space on Beverly Boulevard

      Retail space available for rent on Beverly Boulevard.
      7374-7386 Beverly Blvd, Los Angeles, CA 90036
      View Details
    • Contact for pricing

      Freestanding Building on Fairfax Avenue

      High-visibility commercial building for lease in prime Los Angeles location.
      543 North Fairfax Ave, Los Angeles, CA 90036
      View Details
    • $4 SF/Yr

      Retail Space on Miracle Mile

      Retail space in luxury complex, prime Miracle Mile location.
      5353 Wilshire Blvd, Los Angeles, CA 90036
      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.
    6031 San Vicente Blvd
    Los Angeles, CA 90036-4434
    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
    6031 San Vicente Blvd, Los Angeles, CA, 90036
    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!