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

    708 Florence Ave Los Angeles, CA 90044-6106

    • Retail space
    • 2,816 SF
    • 0.14 lot acres
    OFF-MARKET
    Value Estimations
    $275,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-8618285
    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

    • Brix Pizza / Pizza Restaurant

    Property Details for 708 Florence Ave

    Year built
    1967
    Construction
    WOOD
    Lot size
    0.14 lot acres
    Property size
    2,816 SF
    Zone code
    LAC2
    Property type
    Retail space
    APN
    6020-027-004
    APU
    6020027004

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $275,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.286
    Latitude
    33.9743
    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
    $10,251
    $376,810
    $427,471
    $804,281
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $195,000
      420 SF

      8442 Normandie Ave

      RETAIL STORES (PERSONAL SERVICES) • 420 SF
      8442 Normandie Ave, Los Angeles, CA 90044-2228
      View Details
    • Value Estimation
      $230,000
      776 SF

      8021 Vermont Ave Ste, Unit 2

      RETAIL STORES (PERSONAL SERVICES) • 776 SF
      8021 Vermont Ave Ste, Los Angeles, CA 90044-3575
      View Details
    • Value Estimation
      $270,000
      4,000 SF

      10301 Vermont Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,000 SF
      10301 Vermont Ave, Los Angeles, CA 90044-3117
      View Details
    • Value Estimation
      $310,000
      2,940 SF

      8419 Vermont Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,940 SF
      8419 Vermont Ave, Los Angeles, CA 90044-3423
      View Details
    • Value Estimation
      $90,000
      840 SF

      1015 Imperial Hwy

      RETAIL STORES (PERSONAL SERVICES) • 840 SF
      1015 Imperial Hwy, Los Angeles, CA 90044-1313
      View Details
    • Value Estimation
      $255,000
      3,500 SF

      712 Florence Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,500 SF
      712 Florence Ave, Los Angeles, CA 90044-6106
      View Details

    Similar Nearby for Sale

    • $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
    • $45,000

      Established Liquor Store Business Opportunity

      Operating liquor store with permits, equipment, and high-traffic location.
      10207 Vermont, Los Angeles, CA 90044
      View Details
    • $6,950,000
      5,000 SF

      Retail Property with Car Wash

      Established retail property featuring car wash and coin laundry businesses.
      10601 S Vermont, Los Angeles, CA 90044
      View Details
    • New
      $849,000
      1,620 SF

      Established Market in High-Traffic Area

      Operating market with permits, equipment, and additional rental income.
      10201 S Vermont, Los Angeles, CA 90044
      View Details
    • $1,958,000

      High-Exposure Corner Lot Investment

      Income-producing property with high visibility and long-term stability.
      7205 S Vermont Ave, Los Angeles, CA 90044
      View Details
    • $895,000
      2,480 SF

      Los Angeles Commercial Building For Sale

      Commercial building for sale in Los Angeles, California.
      9220 S Vermont Ave, Los Angeles, CA 90044
      View Details

    Similar Nearby for Lease

    • $0.65 SF/Yr
      220,706 SF

      Vermont Avenue Trailer Parking Available

      Large concrete yard with trailer parking in Los Angeles.
      19401 S Vermont Ave, Los Angeles, CA 90044
      View Details
    • Contact for pricing
      2,046 SF

      South Vermont Ave Executive Office

      Los Angeles Executive Suite - 2,046 SF
      5857 Vermont Ave, Los Angeles, CA 90044
      View Details
    • Contact for pricing

      Vermont Avenue Land For Lease

      Land for lease near Vermont Ave, suitable for parking/storage.
      8886 S Vermont, Los Angeles, CA 90044
      View Details
    • $19,950,000
      41,656 SF

      Flex Warehouse with Modern Office

      Freestanding flex/warehouse building with modern office space for lease.
      5431 W 104Th St, Los Angeles, CA 90044
      View Details
    • $1.05 SF/Yr
      28,820 SF

      Industrial Space with Heavy Power

      Industrial property suitable for cannabis use with secured yard.
      911-931 E 59Th St, Los Angeles, CA 90044
      View Details
    • $0.64 SF/Yr
      55,000 SF

      Secure Contractor's Yard for Rent

      Secure yard space with utilities, suitable for contractor's equipment.
      1954 E 64Th St, 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.
    708 Florence Ave
    Los Angeles, CA 90044-6106
    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.