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

    6621 Hoover St Los Angeles, CA 90044-6230

    • Investment properties
    • 2,861 SF
    • 0.26 lot acres
    OFF-MARKET
    Last Sale
    Dec 24, 2020
    Value Estimations
    $740,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-9054244
    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

    • Investment properties

    Property Details for 6621 Hoover St

    Year built
    1921
    Construction
    WOOD
    Lot size
    0.26 lot acres
    Property size
    2,861 SF
    Zone code
    LAC2
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    6013-010-044
    APU
    6013010044

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $965,000
      6.5%
      $890,000
      7%
      $830,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $789,000
      Market price range: $310k - $789k
      AI Estimate
      $535,000
      Market price range: $220k - $536k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $535,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $1,210,000
      Change: +127% Conversion: Difficult
      WAREHOUSE, STORAGE
      $800,000
      Change: +50% Conversion: Difficult
      RETAIL STORES
      $795,000
      Change: +49% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.287
    Latitude
    33.9789
    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
    $9,294
    $535,064
    $169,210
    $704,274
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,703 SF

      1126 Florence Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,703 SF
      1126 Florence Ave, Los Angeles, CA 90044-2508
      View Details
    • Value Estimation by Request
      1,300 SF

      1036 Florence Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,300 SF
      1036 Florence Ave, Los Angeles, CA 90044-2442
      View Details
    • Value Estimation by Request
      1,916 SF

      1111 Florence Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,916 SF
      1111 Florence Ave, Los Angeles, CA 90044-2507
      View Details
    • Value Estimation by Request
      1,628 SF

      6023 Hoover St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,628 SF
      6023 Hoover St, Los Angeles, CA 90044-5504
      View Details
    • Value Estimation by Request
      2,911 SF

      5880 Hoover St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,911 SF
      5880 Hoover St, Los Angeles, CA 90044-5517
      View Details
    • Value Estimation by Request
      2,412 SF

      1319 Manchester Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,412 SF
      1319 Manchester Ave, Los Angeles, CA 90044-2239
      View Details

    Similar Nearby for Sale

    • $799,999
      2,542 SF

      Column Free Industrial Building

      Industrial building with remodeled house, suitable for work/live.
      9611-9613 S Vermont Ave, Los Angeles, CA 90044
      View Details
    • $749,999
      2,332 SF

      Duplex in Los Angeles

      Two spacious homes on one lot, great investment opportunity.
      6414 S Hoover St, Los Angeles, CA 90044
      View Details
    • $1,149,000
      3,652 SF

      Mixed-Use Property Near Downtown LA

      Mixed-use property with commercial and residential units, excellent upside potential.
      10106 Vermont Ave, Los Angeles, CA 90044
      View Details
    • $675,000
      2,143 SF

      Los Angeles Triplex Investment Property

      Three-unit property in high-demand Los Angeles neighborhood, great cash flow.
      1259 W 59Th St, Los Angeles, CA 90044
      View Details
    • $2,000,000

      Expansive Land on Normandie Avenue

      Commercially zoned land suitable for retail or multifamily development.
      6617 S Normandie Ave, Los Angeles, CA 90044
      View Details
    • $1,450,000

      Normandie Avenue Investment Opportunity

      Commercial property for sale in Los Angeles, California.
      11700 S Normandie Ave, Los Angeles, CA 90044
      View Details

    Similar Nearby for Lease

    • $1.75 SF/Yr
      204,547 SF

      Industrial Property Near Ports

      Industrial property with 20 door positions and ample parking.
      20333-20335 S Normandie Ave, Los Angeles, CA 90044
      View Details
    • Contact for pricing
      5,683 SF

      Historic Los Angeles Religious Facility

      Historic religious facility suitable for redevelopment or educational purposes.
      1101 W Florence Ave, Los Angeles, CA 90044
      View Details
    • Contact for pricing
      53,571 SF

      Secured Industrial Facility Available

      Secured industrial facility suitable for various operations, including cannabis.
      935 E 59Th St, Los Angeles, CA 90044
      View Details
    • $2 SF/Yr
      900 SF

      Westchester Retail Space Available

      Retail space available for lease in Westchester, California.
      6214-6218 W Manchester Ave, Westchester, CA 90044
      View Details
    • $1.65 SF/Yr
      123,569 SF

      Torrance Warehouse with Office Space

      Class A warehouse with two-story office near LA ports.
      20100 S Vermont Ave, Los Angeles, CA 90044
      View Details
    • $0.99 SF/Yr
      17,396 SF

      Manufacturing/Distribution Building with Recent Refurbishment

      Sublease opportunity through 9/30/2028, ideal for manufacturing or distribution.
      1247-1249 E 58Th Pl, Los Angeles, CA 90044
      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.
    6621 Hoover St
    Los Angeles, CA 90044-6230
    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.