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    6516 Olympic Blvd Los Angeles, CA 90022-5451
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    Property profile & analytics

    6516 Olympic Blvd Los Angeles, CA 90022-5451

    View on Map
    • Apartment buildings
    • 2,677 SF
    • 0.11 lot acres
    Off-Market
    Last Sale Oct 21, 2021
    $900,009
    Property ID
    US09-8587017
    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
    $810,000
    Show details
    Cap Rate Potential
    7.3%
    Apartment buildings
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 6516 Olympic Blvd

    Year built
    1949
    Construction
    WOOD
    Lot size
    0.11 lot acres
    Property size
    2,677 SF
    Zone code
    LCR3YY
    Property type
    Apartment buildings
    APN
    6351-017-006
    APU
    6351017006

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $765,000
      ML approach
      $750,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $935,000
      6.5%
      $860,000
      7%
      $800,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $676,000
      Market price range: $273k - $676k

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $530,000
      Current use
      MEDICAL BUILDING
      $1,220,000
      Change: +131% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $1,135,000
      Change: +115% Conversion: Difficult
      WAREHOUSE, STORAGE
      $750,000
      Change: +42% Conversion: Difficult
      OFFICE BUILDING
      $650,000
      Change: +23% Conversion: Moderate
      RETAIL STORES
      $605,000
      Change: +14% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.133
    Latitude
    34.0115
    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
    $13,604
    $608,634
    $327,726
    $936,360
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $730,000
      4,517 SF

      6014 Ferguson Dr

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      6014 Ferguson Dr, Commerce, CA 90022-4263
      View Details
    • Value Estimation
      $615,000
      3,332 SF

      344 Ferris Ave

      APARTMENT HOUSE (5+ UNITS) • 3,332 SF
      344 Ferris Ave, Los Angeles, CA 90022-1921
      View Details
    • Value Estimation
      $1,010,000
      5,613 SF

      1423 Clela Ave

      APARTMENT HOUSE (5+ UNITS) • 5,613 SF
      1423 Clela Ave, Los Angeles, CA 90022-4939
      View Details
    • Value Estimation by Request
      2,600 SF

      740 Woods Ave

      APARTMENT HOUSE (5+ UNITS) • 2,600 SF
      740 Woods Ave, Los Angeles, CA 90022-3224
      View Details
    • Value Estimation
      $770,000
      4,226 SF

      6405 Olympic Blvd

      APARTMENT HOUSE (5+ UNITS) • 4,226 SF
      6405 Olympic Blvd, Los Angeles, CA 90022-5455
      View Details
    • Value Estimation
      $590,000
      3,174 SF

      1073 Leonard Ave

      APARTMENT HOUSE (5+ UNITS) • 3,174 SF
      1073 Leonard Ave, Los Angeles, CA 90022-4342
      View Details

    Similar Nearby for Sale

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      3,264 SF

      Five-Unit Multifamily Property in Los Angeles

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      View Details
    • $1,180,000
      4,861 SF

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      Apartment buildings • 4,861 SF
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    • New
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      3,566 SF

      East Los Angeles Investment Opportunity

      Six-unit property with rental upside on a 13,000+ sq. ft. lot.
      459 S Sydney Dr, East Los Angeles, CA 90022
      View Details
    • $1,578,000
      5,550 SF

      Los Angeles Apartment Building For Sale

      Apartment building with expansion potential in Los Angeles, California.
      1234 Clela Ave, Los Angeles, CA 90022
      View Details

    Similar Nearby for Lease

    • $1.71 SF/Yr
      3,500 SF

      3,500± SF Small Industrial Facility With Rear Yard For Lease

      3,500± SF Small Industrial Facility With Rear Yard For Lease
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    • Contact for pricing

      High-Exposure Corner Retail Space

      Retail space available for lease on a high-exposure corner.
      4531 Whittier Blvd, Los Angeles, CA 90022
      View Details
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    Los Angeles, CA 90022-5451
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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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