Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    655 S Hope St, Unit 1105 Los Angeles, CA 90017

    • Retail space
    • 7,890 SF
    • 0.27 lot acres
    For Sale
    View listing
    $777,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-0098040
    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

    • Sylva & Cie / Jewelry Designer
    • Liya Gole International Makeup School And Studio / Make-Up Artist
    • Elara Luxury Real Estate, LLC / Real Estate Consultant
    • Lightfoot Vandevelde Sadowsky / Attorney
    • Micro Biz Solutions LLC / Business Development Service

    Property Details for 655 S Hope St

    Year built
    1964
    Construction
    STEEL FRAME
    Lot size
    0.27 lot acres
    Property size
    7,890 SF
    Zone code
    LAC2
    Property type
    Retail space
    APN
    5144-006-031
    APU
    5144006031

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $390,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.258
    Latitude
    34.0484
    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
    $95,786
    $2,163,285
    $5,676,223
    $7,839,508
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $255,000
      3,200 SF

      1500 4th St

      RETAIL STORES (PERSONAL SERVICES) • 3,200 SF
      1500 4th St, Los Angeles, CA 90017-1202
      View Details
    • Value Estimation
      $330,000
      4,440 SF

      1618 6th St

      RETAIL STORES (PERSONAL SERVICES) • 4,440 SF
      1618 6th St, Los Angeles, CA 90017-1002
      View Details
    • Value Estimation
      $210,000
      14,814 SF

      630 6th St

      RETAIL STORES (PERSONAL SERVICES) • 14,814 SF
      630 6th St, Los Angeles, CA 90017-3254
      View Details
    • Value Estimation
      $325,000
      7,935 SF

      760 Valencia St

      RETAIL STORES (PERSONAL SERVICES) • 7,935 SF
      760 Valencia St, Los Angeles, CA 90017-4315
      View Details
    • Value Estimation
      $290,000
      3,600 SF

      1536 7th St

      RETAIL STORES (PERSONAL SERVICES) • 3,600 SF
      1536 7th St, Los Angeles, CA 90017-2202
      View Details
    • Value Estimation by Request
      20,336 SF

      900 Wilshire Blvd

      RETAIL STORES (PERSONAL SERVICES) • 20,336 SF
      900 Wilshire Blvd, Los Angeles, CA 90017-4701
      View Details

    Similar Nearby for Sale

    • $94,900

      Established Market & Deli Opportunity

      Downtown Los Angeles market and deli business for sale.
      1401 W 3Rd St W, Los Angeles, CA 90017
      View Details
    • $2,790,000
      15,688 SF

      Automotive Repair Shop For Sale

      Free-standing building with vehicle access to upper levels.
      715 Witmer St, Los Angeles, CA 90017
      View Details
    • $900,000

      Westlake Lot with Parking Income

      8,108 SF lot in Westlake generating $2,500 monthly income.
      520 Union Dr, Los Angeles, CA 90017
      View Details
    • Contact for pricing
      19,000.00 Acres

      DTLA Multifamily Land Opportunity

      Prime DTLA location, high-density zoning.
      1316 Linwood Ave, Los Angeles, CA 90017
      View Details
    • $777,000

      Modern Loft in Financial District

      Corner loft with city views, modern amenities, and prime location.
      655 S Hope St, Los Angeles, CA 90017
      View Details
    • $5,950,000
      30,971 SF

      Land with Development Opportunity

      30,971 SF land suitable for multi-family development.
      1330 W 5Th St, Los Angeles, CA 90017
      View Details

    Similar Nearby for Lease

    • $2 SF/Yr
      1,863 SF

      Wilshire Boulevard Retail Space Available

      Second floor retail space available on Wilshire Boulevard.
      5363-5379 Wilshire Blvd, Los Angeles, CA 90017
      View Details
    • Contact for pricing
      40,000 SF

      Two-Story Retail Building Available

      Two-story retail building with 40,000 square feet available for rent.
      2706 Wilshire Blvd, Los Angeles, CA 90017
      View Details
    • Contact for pricing
      2,176 SF

      Retail Space for Lease

      Retail space available for lease in Los Angeles.
      616 St Paul Ave, Los Angeles, CA 90017
      View Details
    • Contact for pricing
      706 SF

      Retail Space Available For Lease

      Ground floor retail space available for rent in Los Angeles.
      725 S Bixel St, Los Angeles, CA 90017
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space on Wilshire Boulevard

      Retail space available for rent on Wilshire Boulevard.
      6120-6134 Wilshire Blvd, Los Angeles, CA 90017
      View Details
    • $2 SF/Yr
      1,803 SF

      Restaurant/Retail Space Available

      First floor restaurant/retail space available for rent.
      1111 Wilshire Blvd, Los Angeles, CA 90017
      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 S Hope St, Unit 1105
    Los Angeles, CA 90017
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.