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    7223 Beverly Blvd Los Angeles, CA 90036-2500

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    7223 Beverly Blvd Los Angeles, CA 90036-2500

    View on Map
    • Investment properties
    • 6,370 SF
    • 0.09 lot acres
    Off-Market
    Last Sale Apr 15, 2022
    $3,600,000
    Property ID
    US09-6531593
    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
    $3,300,000
    Show details
    Cap Rate Potential
    4.2%
    Investment properties
    Location Intelligence

    Current Use by Public Records

    • Big Fox Photography Inc. / Photography Service / (Bike/Boat/Book/etc) Store
    • Acu·Intuit, Gianna De La Torre L.Ac. | Acupuncturist Los Angeles, CA / Alternative Medicine Practice / Acupuncture
    • Triple Five Pacific Fastwell / Construction Company
    • Attune Healing Space / Medical Clinic / Alternative Medicine Practice
    • Lovehappyhour.com / Marketing & Advertising

    Property Details for 7223 Beverly Blvd

    Year built
    1929
    Construction
    TILT-UP CONCRETE
    Lot size
    0.09 lot acres
    Property size
    6,370 SF
    Zone code
    LAC2
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    5525-035-015
    APU
    5525035015

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,080,000
      ML approach
      $3,015,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,150,000
      6.5%
      $1,985,000
      7%
      $1,845,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,203,000
      Market price range: $815k - $3.20M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $5,240,000
      AUTO REPAIR, GARAGE
      $3,465,000
      OFFICE BUILDING
      $3,195,000
      MEDICAL BUILDING
      $2,900,000
      NEIGHBORHOOD: SHOPPING CENTER
      $2,700,000
      RETAIL STORES
      $2,615,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.347
    Latitude
    34.0764
    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
    $48,927
    $2,565,692
    $1,450,748
    $4,016,440
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,805,000
      20,596 SF

      7257 Beverly Blvd

      STORE/OFFICE (MIXED USE) • 20,596 SF
      7257 Beverly Blvd, Los Angeles, CA 90036-2503
      View Details
    • Value Estimation
      $795,000
      6,190 SF

      330 La Brea Ave

      STORE/OFFICE (MIXED USE) • 6,190 SF
      330 La Brea Ave, Los Angeles, CA 90036-2518
      View Details
    • Value Estimation
      $31,500,000
      62,017 SF

      127 La Brea Ave

      STORE/OFFICE (MIXED USE) • 62,017 SF
      127 La Brea Ave, Los Angeles, CA 90036-2998
      View Details
    • Value Estimation
      $1,180,000
      7,528 SF

      7466 Beverly Blvd

      STORE/OFFICE (MIXED USE) • 7,528 SF
      7466 Beverly Blvd, Los Angeles, CA 90036-2760
      View Details
    • Value Estimation
      $785,000
      6,170 SF

      344 Fairfax Ave

      STORE/OFFICE (MIXED USE) • 6,170 SF
      344 Fairfax Ave, Los Angeles, CA 90036-2109
      View Details
    • Value Estimation by Request
      16,568 SF

      5352 Wilshire Blvd

      STORE/OFFICE (MIXED USE) • 16,568 SF
      5352 Wilshire Blvd, Los Angeles, CA 90036-4212
      View Details

    Similar Nearby for Sale

    • $4,298,000

      La Brea Retail/Restaurant Opportunity

      Retail/restaurant space in dynamic La Brea revitalization corridor.
      617 North La Brea Ave, Los Angeles, CA 90036
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    • $3,950,000
      4,716 SF

      Multi-Unit Retail Property on Corner

      Multi-unit retail property in high-traffic area with growth potential.
      457 South La Brea Ave, Los Angeles, CA 90036
      View Details
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      6,019 SF

      Miracle Mile Multifamily Investment

      Seven-unit multifamily property in a desirable Los Angeles location.
      744 Ridgeley Dr, Los Angeles, CA 90036
      View Details
    • $5,450,000
      16,588 SF

      Miracle Mile Art Deco Gem

      Historic 13-unit apartment building in Los Angeles' Miracle Mile.
      100 N Sycamore Ave, Los Angeles, CA 90036
      View Details
    • $1,750,000
      3,041 SF

      Mid-Wilshire Triplex Investment Opportunity

      Renovated triplex in prime location with value-add potential.
      854 Alandele Ave, Los Angeles, CA 90036
      View Details
    • Contact for pricing
      1,400 SF

      Retail/Office Space on La Brea

      Storefront retail or office space available for purchase.
      152-154 N La Brea Ave, Los Angeles, CA 90036
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Freestanding Building on Fairfax Avenue

      High-visibility commercial building for lease in prime Los Angeles location.
      543 North Fairfax Ave, Los Angeles, CA 90036
      View Details
    • Contact for pricing

      Mid-Wilshire Restaurant/Retail Spaces Available

      Restaurant and retail spaces for lease in Mid-Wilshire.
      5410 Wilshire Blvd, Los Angeles, CA 90036
      View Details
    • Contact for pricing

      Beverly Boulevard Retail Center

      Fully leased retail center on Beverly Boulevard.
      7221-7225 Beverly Blvd, Los Angeles, CA 90036
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space on Fairfax Avenue

      Retail space available for lease in Los Angeles, CA.
      452 North Fairfax Ave, Los Angeles, CA 90036
      View Details
    • Contact for pricing
      2,365 SF

      Retail Space on Beverly Blvd

      First floor retail space available for rent in Los Angeles.
      7350-7358 Beverly Blvd, Los Angeles, CA 90036
      View Details
    • Contact for pricing
      3,200 SF

      Restaurant Space with Liquor License

      Restaurant space for rent, includes a Type 47 Liquor license.
      1153-1157 N Highland Ave, Los Angeles, CA 90036
      View Details
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    7223 Beverly Blvd
    Los Angeles, CA 90036-2500
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    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
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