Add Listing
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

    6200 3rd St Los Angeles, CA 90036-3157

    • Office buildings
    • 8,430 SF
    • 1.70 lot acres
    OFF-MARKET
    Value Estimations
    $2,795,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-0459147
    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

    • Armando / Medical Clinic
    • AWAKEN Influencer Marketing Agency / Advertising Agency / Marketing & Advertising
    • Total Transformation Life Coaching / Life Coach
    • Park La Brea Apartments / Apartment Rental Agency / Furnished Apartment Building
    • LA Auto Solutions / Auto Repair Shop / Vehicle Inspection Center

    Property Details for 6200 3rd St

    Year built
    1950
    Construction
    TILT-UP CONCRETE
    Lot size
    1.70 lot acres
    Property size
    8,430 SF
    Zone code
    LARD1.5
    Property type
    Office buildings
    APN
    5509-003-005
    APU
    5509003005

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,555,000
      6.5%
      $3,285,000
      7%
      $3,050,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $4,230,000
      Current use
      AUTO REPAIR, GARAGE
      $4,580,000
      Change: +8% Conversion: Difficult
      MEDICAL BUILDING
      $3,840,000
      Change: -9% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $3,570,000
      Change: -16% Conversion: Difficult
      RETAIL STORES
      $3,460,000
      Change: -18% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.355
    Latitude
    34.0701
    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
    $107,292
    $1,762,059
    $6,909,793
    $8,671,852
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,020,000
      5,760 SF

      625 La Brea Ave

      OFFICE BUILDING • 5,760 SF
      625 La Brea Ave, Los Angeles, CA 90036
      View Details
    • Value Estimation
      $11,525,000
      69,288 SF

      5410 Wilshire Blvd, Unit 103

      OFFICE BUILDING (MULTI-STORY) • 69,288 SF
      5410 Wilshire Blvd, Los Angeles, CA 90036-4216
      View Details
    • Value Estimation
      $5,910,000
      31,482 SF

      5858 Wilshire Blvd Ste, Unit 203

      OFFICE BUILDING • 31,482 SF
      5858 Wilshire Blvd Ste, Los Angeles, CA 90036-4523
      View Details
    • Value Estimation
      $9,635,000
      666,745 SF

      5757 Wilshire Blvd

      OFFICE BUILDING (MULTI-STORY) • 666,745 SF
      5757 Wilshire Blvd, Los Angeles, CA 90036-5810
      View Details
    • Value Estimation
      $1,200,000
      6,831 SF

      6301 3rd St

      OFFICE BUILDING • 6,831 SF
      6301 3rd St, Los Angeles, CA 90036-3154
      View Details
    • Value Estimation
      $7,080,000
      30,306 SF

      5150 Wilshire Blvd

      OFFICE BUILDING (MULTI-STORY) • 30,306 SF
      5150 Wilshire Blvd, Los Angeles, CA 90036-4394
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      14,152 SF

      Miracle Mile Purchase Opportunity on Museum Row

      Miracle Mile Purchase Opportunity on Museum Row
      5800 Wilshire Blvd, Los Angeles, CA 90036
      View Details
    • $3,595,000
      6,265 SF

      Hollywood Retail Investment Opportunity

      Prime La Brea Ave Retail Building, 6,265 SF
      152 La Brea Ave, Los Angeles, CA 90036
      View Details
    • $2,150,000
      2,611 SF

      Updated Spanish Duplex with Yard

      Updated duplex with expansive yard, delivered vacant at close.
      535 N Poinsettia Pl, Los Angeles, CA 90036
      View Details
    • New
      $1,995,000
      Pending

      Spacious Miracle Mile Duplex

      Large 4300+ sq ft duplex near Metro line.
      806 S Detroit St, Los Angeles, CA 90036
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      29,791 SF

      Spaces Fairfax: Premier LA Office

      Flexible workspace, prime LA location.
      145 Fairfax Ave, Los Angeles, CA 90036
      View Details
    • Contact for pricing
      1,150 SF

      Creative Office Space Available

      Second floor creative office space available for rent.
      7250 Beverly Blvd, Los Angeles, CA 90036
      View Details
    • $33 SF/Yr
      14,335 SF

      Miracle Mile Office Sublease Opportunity

      14,335 SF Office Space Available
      5900 Wilshire Blvd, Los Angeles, CA 90036
      View Details
    • Contact for pricing
      465,972 SF

      Creative Office Space Sublease

      Sublease opportunity in Wilshire Courtyard West, Miracle Mile.
      5750 Wilshire Blvd, Los Angeles, CA 90036
      View Details
    • $24 SF/Yr
      530,000 SF

      SAG Aftra Plaza: Premier LA Office Space

      Class A Office Suites, Miracle Mile Location
      5757 Wilshire Blvd, Los Angeles, CA 90036
      View Details
    • $5 SF/Yr

      Prime Corner Office Space Available

      40000 sqft office space with great corner location.
      5724 W 3Rd St, 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.
    6200 3rd St
    Los Angeles, CA 90036-3157
    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.
    Sign Up Successful!
    You now have access to more from Realmo!