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

    624 Grand Ave San Pedro, CA 90731-3124

    • Office buildings
    • 2,844 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimations
    $325,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7589203
    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

    • Ken Robbins, Crowell, Weedon & Co. / Financial Planner / Investment Service
    • Daneshvar Law / General Practice Attorney
    • NexInteractive / Software Company
    • Star Advisory Group / Consultant
    • Oken David H / Attorney

    Property Details for 624 Grand Ave

    Year built
    1920
    Construction
    WOOD
    Lot size
    0.11 lot acres
    Property size
    2,844 SF
    Zone code
    LAC2
    Property type
    Office buildings
    APN
    7451-037-001
    APU
    7451037001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $325,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $329,000
      Market price range: $191k - $609k

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

    Location Insight

    • Map
    • Local Demand
    City
    San Pedro
    County
    Los Angeles
    State
    California
    Longitude
    -118.29
    Latitude
    33.7381
    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
    $5,834
    $240,790
    $200,906
    $441,696
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $435,000
      5,790 SF

      593 6th St

      PROFESSIONAL BUILDING • 5,790 SF
      593 6th St, San Pedro, CA 90731-2521
      View Details
    • Value Estimation
      $470,000
      3,008 SF

      575 6th St

      PROFESSIONAL BUILDING • 3,008 SF
      575 6th St, San Pedro, CA 90731-2521
      View Details
    • Value Estimation
      $320,000
      5,400 SF

      273 7th St

      OFFICE BUILDING • 5,400 SF
      273 7th St, San Pedro, CA 90731-3321
      View Details
    • Value Estimation
      $455,000
      7,980 SF

      624 9th St

      OFFICE BUILDING • 7,980 SF
      624 9th St, San Pedro, CA 90731-3158
      View Details
    • Value Estimation
      $400,000
      5,314 SF

      1044 Gaffey St

      OFFICE BUILDING • 5,314 SF
      1044 Gaffey St, San Pedro, CA 90731-4072
      View Details
    • Value Estimation
      $660,000
      23,837 SF

      350 5th St

      OFFICE BUILDING • 23,837 SF
      350 5th St, San Pedro, CA 90731-2737
      View Details

    Similar Nearby for Sale

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      San Pedro Commercial Space For Sale

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      San Pedro Mixed-Use Building

      Four-unit mixed-use building with renovated commercial spaces in San Pedro.
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      Harbor Central: Prime LA Office Space

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      San Pedro Office Building Investment

      Prime San Pedro location, high visibility, remodeled.
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      San Pedro Commercial Building For Sale

      Commercial building in San Pedro, CA, ideal for medical use.
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    • $599,000
      17,458.00 Acres

      San Pedro Vacant Land Opportunity

      Large vacant lot in desirable Vista del Oro neighborhood.
      1100 S Patton Ave, San Pedro, CA 90731
      View Details

    Similar Nearby for Lease

    • $15,300 /Mo

      San Pedro Retail/Office Space

      Retail or office space available for lease in San Pedro.
      624 S Pacific Ave, San Pedro, CA 90731
      View Details
    • $2,727 /Mo

      Updated Commercial Space in San Pedro

      Updated commercial space with high visibility and easy freeway access.
      245 N Gaffey St, San Pedro, CA 90731
      View Details
    • $575 /Mo
      6,500 SF

      San Pedro Office Space Available

      Comfortable office space in the heart of San Pedro, CA.
      555 W 9Th St, San Pedro, CA 90731
      View Details
    • $21 SF/Yr
      7,974 SF

      Gaffey Street Medical Office Space

      Beach Cities medical office, 1,000-2,160 SF
      312 Gaffey St, Los Angeles, CA 90731
      View Details
    • $1,680 /Mo

      Downtown San Pedro Office Space

      Professional office suites with private bathroom and HVAC in downtown.
      624 W 9Th St, San Pedro, CA 90731
      View Details
    • $30 SF/Yr
      2,160 SF

      Prime LA Office Space Available

      2,160 sq ft, High Traffic Location
      312 Gaffey St, Los Angeles, CA 90731
      View Details
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    624 Grand Ave
    San Pedro, CA 90731-3124
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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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