Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    655 Alpine St Los Angeles, CA 90012-2230
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    655 Alpine St Los Angeles, CA 90012-2230

    View on Map
    • Apartment buildings
    • 10,294 SF
    • 0.18 lot acres
    Off-Market
    Property ID
    US09-6479333
    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
    $1,900,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Church of loves / Church
    • FLO Charging Station / Electric Vehicle Charging Station

    Property Details for 655 Alpine St

    Year built
    1970
    Construction
    WOOD
    Lot size
    0.18 lot acres
    Property size
    10,294 SF
    Zone code
    LAR4
    Property type
    Apartment buildings
    APN
    5407-010-016
    APU
    5407010016

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,008,000
      Market price range: $1.63M - $3.17M
      AI Estimate
      $1,791,000
      Market price range: $484k - $3.56M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $2,395,000
      Current use
      COMMERCIAL (GENERAL)
      $3,085,000
      Change: +29% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.242
    Latitude
    34.0638
    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
    $27,115
    $765,279
    $1,365,104
    $2,130,383
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,020,000
      22,021 SF

      822 New Depot St

      APARTMENT HOUSE (5+ UNITS) • 22,021 SF
      822 New Depot St, Los Angeles, CA 90012-1668
      View Details
    • Value Estimation
      $1,750,000
      10,050 SF

      433 Cottage Home St

      APARTMENT HOUSE (5+ UNITS) • 10,050 SF
      433 Cottage Home St, Los Angeles, CA 90012-1411
      View Details
    • Value Estimation
      $2,065,000
      6,360 SF

      823 Cleveland St

      APARTMENT HOUSE (5+ UNITS) • 6,360 SF
      823 Cleveland St, Los Angeles, CA 90012-1697
      View Details
    • Value Estimation
      $2,110,000
      23,889 SF

      847 Yale St

      APARTMENT HOUSE (5+ UNITS) • 23,889 SF
      847 Yale St, Los Angeles, CA 90012-2335
      View Details
    • Value Estimation
      $1,705,000
      7,554 SF

      907 Beaudry Ave, Unit 1

      APARTMENT HOUSE (5+ UNITS) • 7,554 SF
      907 Beaudry Ave, Los Angeles, CA 90012-1326
      View Details
    • Value Estimation
      $755,000
      3,596 SF

      639 Hl Pl

      APARTMENT HOUSE (5+ UNITS) • 3,596 SF
      639 Hl Pl, Los Angeles, CA 90012-2250
      View Details

    Similar Nearby for Sale

    • $6,345,000
      22,677 SF

      29-Unit Value-Add Near Dodger Stadium

      Value-add 29-unit apartment community near Dodger Stadium in Solano Canyon.
      939 W College St, Los Angeles, CA 90012
      View Details
    • $3,000,000
      11,578 SF

      18-Unit Apartment Building in Chinatown

      18-unit apartment building in a prime Los Angeles Chinatown location.
      845 N Bunker Hill Ave, Los Angeles, CA 90012
      View Details
    • Contact for pricing
      6,060 SF

      Echo Park Multifamily Investment Opportunity

      Well-maintained 7-unit property with income and development potential.
      940 New Depot St, Los Angeles, CA 90012
      View Details
    • $2,295,000
      Pending

      Echo Park Multifamily Investment Opportunity

      Rare 8-unit building in Echo Park with downtown views.
      936 Centennial St, Los Angeles, CA 90012
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Mixed-Use Project with Retail Space

      Mixed-use project featuring apartments and ground floor retail space.
      900 W Temple St, Los Angeles, CA 90012
      View Details
    • Contact for pricing

      Office Building in Little Tokyo

      Office building with ground floor retail in Little Tokyo.
      340 E 2Nd St, Los Angeles, CA 90012
      View Details
    • Contact for pricing
      3,260 SF

      Free Standing Building Near USC

      M1 Zoned building in an Opportunity Zone near USC.
      3218-3222 S Main St, Los Angeles, CA 90012
      View Details
    • $1.50 SF/Yr
      11,987 SF

      Freestanding Industrial Building Near Dodger Stadium

      Freestanding industrial building with flexible zoning near LA Historic Park.
      1421 N Main St, Los Angeles, CA 90012
      View Details
    • Contact for pricing
      23,339 SF

      Office Space in Little Tokyo

      Office space for rent in a prime Little Tokyo location.
      360 East 2Nd St, Los Angeles, CA 90012
      View Details
    • Contact for pricing

      Retail Space Near Arts District

      Retail space available in vibrant Arts District neighborhood.
      107 S Hewitt St, Los Angeles, CA 90012
      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.
    655 Alpine St
    Los Angeles, CA 90012-2230
    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!