Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    7004 Flight Ave Los Angeles, CA 90045-1853
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7004 Flight Ave Los Angeles, CA 90045-1853

    View on Map
    • Apartment buildings
    • 3,389 SF
    • 0.17 lot acres
    Off-Market
    Last Sale Aug 1, 2022
    $1,795,017
    Property ID
    US09-8846271
    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
    $1,555,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 7004 Flight Ave

    Year built
    1952
    Lot size
    0.17 lot acres
    Property size
    3,389 SF
    Zone code
    LAR3
    Property type
    Apartment buildings
    APN
    4103-008-014
    APU
    4103008014

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,390,000
      ML approach
      $1,390,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,415,000
      Market price range: $720k - $1.42M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,070,000
      Current use
      AUTO REPAIR, GARAGE
      $1,840,000
      Change: +72% Conversion: Difficult
      OFFICE BUILDING
      $1,700,000
      Change: +59% Conversion: Moderate
      MEDICAL BUILDING
      $1,545,000
      Change: +45% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $1,435,000
      Change: +34% Conversion: Difficult
      RETAIL STORES
      $1,390,000
      Change: +30% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,015,000
      Change: -5% Conversion: Moderate
      WAREHOUSE, STORAGE
      $950,000
      Change: -11% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.375
    Latitude
    33.9753
    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
    $22,851
    $1,320,900
    $510,000
    $1,830,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.17 Acres

      Los Angeles, CA 90045

      APARTMENT HOUSE (5+ UNITS) • 0.17 Acres
      Los Angeles, CA 90045
      View Details
    • Value Estimation by Request
      3,946 SF

      5514 Thornburn St

      APARTMENT HOUSE (5+ UNITS) • 3,946 SF
      5514 Thornburn St, Los Angeles, CA 90045-2112
      View Details
    • Value Estimation
      $5,990,000
      168,271 SF

      6500 Sepulveda Blvd

      APARTMENT HOUSE (5+ UNITS) • 168,271 SF
      6500 Sepulveda Blvd, Los Angeles, CA 90045
      View Details
    • Value Estimation
      $840,000
      39,960 SF

      8501 Sepulveda Blvd

      APARTMENT HOUSE (5+ UNITS) • 39,960 SF
      8501 Sepulveda Blvd, Los Angeles, CA 90045-3820
      View Details
    • Value Estimation by Request
      14,136 SF

      6739 86th Pl

      APARTMENT HOUSE (5+ UNITS) • 14,136 SF
      6739 86th Pl, Los Angeles, CA 90045
      View Details
    • Value Estimation
      $4,445,000
      118,179 SF

      5838 88th St

      APARTMENT HOUSE (5+ UNITS) • 118,179 SF
      5838 88th St, Los Angeles, CA 90045-4530
      View Details

    Similar Nearby for Sale

    • $1,875,000
      Pending

      Westchester Multifamily Investment Opportunity

      Seven-unit multifamily property in desirable Westchester, Los Angeles.
      7028 Alvern St, Los Angeles, CA 90045
      View Details
    • $1,349,000
      2,460 SF

      Los Angeles Quadruplex with Updates

      Charming four-unit property with updated units and convenient amenities.
      7019 Ramsgate Ave, Los Angeles, CA 90045
      View Details
    • Contact for pricing

      Modernized Duplex with High-End Finishes

      Beautifully maintained, modernized duplex with high-quality materials and finishes.
      8421 Kittyhawk Ave, Los Angeles, CA 90045
      View Details
    • $1,199,000
      Pending

      Modernized Duplex in Los Angeles

      Beautifully maintained, modernized duplex with high-end finishes and desirable floor plan.
      8421 Kittyhawk Ave, Los Angeles, CA 90045
      View Details
    • $1,399,000

      Charming Four-Unit Multifamily Property

      Four units with recent updates and convenient amenities.
      7019 Ramsgate Ave, Los Angeles, CA 90045
      View Details
    • $999,950
      2,136 SF

      Westchester Duplex: Investment Opportunity

      Well-maintained duplex in desirable Westchester neighborhood, Los Angeles.
      7154 Ramsgate Ave, Los Angeles, CA 90045
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Howard Hughes

      Discover many ways to work your way in Arboretum Plaza
      Howard Hughes, Los Angeles, CA 90045
      View Details
    • Contact for pricing

      Office Space Near LAX Airport

      Spacious office building with versatile workspace near LAX Airport.
      8818 S Sepulveda Blvd, Los Angeles, CA 90045
      View Details
    • $4 SF/Yr
      8,100 SF

      Remodeled Creative Office Space

      High-image, turnkey creative office space with modern amenities.
      6374 Arizona Cir, Westchester, CA 90045
      View Details
    • $2.00 SF/Yr

      Industrial Space Near LAX

      63,502 SF available for lease or purchase near LAX.
      5432 West 102Nd St, Los Angeles, CA 90045
      View Details
    • Contact for pricing

      Automotive Property with Spray Booth

      Automotive property for rent, fully permitted with new spray booth.
      10301 S La Cienega Blvd, Los Angeles, CA 90045
      View Details
    • Contact for pricing

      Class A Office Buildings Near LAX

      Two Class A office buildings near LAX with retail.
      5757 Century Blvd, Los Angeles, CA 90045
      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.
    7004 Flight Ave
    Los Angeles, CA 90045-1853
    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!