Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    607 Manchester Ave Los Angeles, CA 90044-5718

    • Auto shops
    • 1,797 SF
    • 0.15 lot acres
    OFF-MARKET
    Last Sale
    Apr 27, 2023
    $480,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-8468831
    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

    • Appliances U-Like / Hardware & Home Improvement / HVAC Service
    • Farmers Insurance - Veronica Alvarez / Insurance Agency
    • J. D. Auto Repair / Auto Repair Shop
    • Computer Repair / Electronics & Wireless Store / Computer & Electronic Repair
    • Computer tech / Electronics & Wireless Store / Computer & Electronic Repair

    Property Details for 607 Manchester Ave

    Year built
    1929
    Construction
    WOOD
    Lot size
    0.15 lot acres
    Property size
    1,797 SF
    Zone code
    LAC2
    Property type
    Auto shops
    APN
    6032-016-024
    APU
    6032016024

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.284
    Latitude
    33.9604
    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
    $6,896
    $334,654
    $200,567
    $535,221
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      282 SF

      6701 Vermont Ave

      AUTO REPAIR, GARAGE • 282 SF
      6701 Vermont Ave, Los Angeles, CA 90044-5240
      View Details
    • Value Estimation by Request
      4,926 SF

      10823 Vermont Ave

      AUTO REPAIR, GARAGE • 4,926 SF
      10823 Vermont Ave, Los Angeles, CA 90044
      View Details
    • Value Estimation by Request
      4,981 SF

      925 Florence Ave

      AUTO REPAIR, GARAGE • 4,981 SF
      925 Florence Ave, Los Angeles, CA 90044-5106
      View Details
    • Value Estimation by Request
      1,500 SF

      809 Florence Ave

      AUTO REPAIR, GARAGE • 1,500 SF
      809 Florence Ave, Los Angeles, CA 90044-5104
      View Details
    • Value Estimation by Request
      500 SF

      5845 Hoover St

      AUTO REPAIR, GARAGE • 500 SF
      5845 Hoover St, Los Angeles, CA 90044-5516
      View Details
    • Value Estimation by Request
      1,688 SF

      5839 Hoover St

      AUTO REPAIR, GARAGE • 1,688 SF
      5839 Hoover St, Los Angeles, CA 90044
      View Details

    Similar Nearby for Sale

    • $6,950,000
      5,000 SF

      Los Angeles Commercial Opportunity

      Fee-simple real estate with two recession-resistant businesses and strong cash flow.
      10601 S Vermont, Los Angeles, CA 90044
      View Details
    • $749,777
      919 SF

      Los Angeles Commercial Corner Lot

      Mixed-use commercial corner lot with development potential in Los Angeles.
      665 W Florence Ave, Los Angeles, CA 90044
      View Details
    • $2,100,000

      Los Angeles Commercial Property For Sale

      Commercial property located in Los Angeles, California available for purchase.
      610 W 84Th St, Los Angeles, CA 90044
      View Details
    • $1,149,000
      3,652 SF

      Mixed-Use Property Near Downtown LA

      Mixed-use property with commercial and residential units, excellent upside potential.
      10106 Vermont Ave, Los Angeles, CA 90044
      View Details
    • $1,958,000

      High-Exposure Corner Lot Investment

      Prime NNN investment opportunity on a high-traffic corner lot.
      7205 S Vermont Ave, Los Angeles, CA 90044
      View Details
    • $1,958,000

      High-Exposure Corner Lot Investment

      Income-producing property with high visibility and long-term stability.
      7205 S Vermont Ave, Los Angeles, CA 90044
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      220,706 SF

      Vermont Avenue Trailer Parking Available

      Large concrete yard with trailer parking in Los Angeles.
      19401 S Vermont Ave, Los Angeles, CA 90044
      View Details
    • Contact for pricing

      Vermont Avenue Land For Lease

      Land for lease near Vermont Ave, suitable for parking/storage.
      8886 S Vermont, Los Angeles, CA 90044
      View Details
    • $2 SF/Yr
      900 SF

      Westchester Retail Space Available

      Retail space available for lease in Westchester, California.
      6214-6218 W Manchester Ave, Westchester, CA 90044
      View Details
    • Contact for pricing
      2,046 SF

      South Vermont Ave Executive Office

      Los Angeles Executive Suite - 2,046 SF
      5857 Vermont Ave, Los Angeles, CA 90044
      View Details
    • Contact for pricing
      204,547 SF

      Industrial Property Near Ports

      Industrial property with 20 door positions and ample parking.
      20333-20335 S Normandie Ave, Los Angeles, CA 90044
      View Details
    • Contact for pricing
      5,683 SF

      Historic Los Angeles Religious Facility

      Historic religious facility suitable for redevelopment or educational purposes.
      1101 W Florence Ave, Los Angeles, CA 90044
      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.
    607 Manchester Ave
    Los Angeles, CA 90044-5718
    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

    Google sign-in failed. Please try again or use another login method.