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

    7321 Miramonte Blvd Los Angeles, CA 90001-2571

    • Apartment buildings
    • 36,356 SF
    • 0.66 lot acres
    OFF-MARKET
    Value Estimations
    $4,470,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-6270683
    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

    • Eah Housing / Housing Authority
    • Paradise Music / DJ & Entertainment / Business Service Center

    Property Details for 7321 Miramonte Blvd

    Year built
    2020
    Construction
    WOOD
    Lot size
    0.66 lot acres
    Property size
    36,356 SF
    Zone code
    LCR3*
    Property type
    Apartment buildings
    APN
    6021-015-018
    APU
    6021015018

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,655,000
      Market price range: $1.84M - $3.66M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $6,870,000
      Current use
      RETAIL STORES
      $6,520,000
      Change: -5% 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
    -118.246
    Latitude
    33.9732
    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
    $23,235
    $2,103,844
    $7,429,589
    $9,533,433
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.45 Acres

      6218 Compton Ave

      APARTMENT HOUSE (5+ UNITS) • 0.45 Acres
      6218 Compton Ave, Los Angeles, CA 90001-1795
      View Details
    • Value Estimation
      $1,600,000
      12,614 SF

      1222 59th St

      APARTMENT HOUSE (5+ UNITS) • 12,614 SF
      1222 59th St, Los Angeles, CA 90001-1154
      View Details
    • Value Estimation
      $1,135,000
      25,800 SF

      860 Florence Ave

      APARTMENT HOUSE (5+ UNITS) • 25,800 SF
      860 Florence Ave, Los Angeles, CA 90001-2349
      View Details
    • Value Estimation by Request
      4,250 SF

      2053 76th St

      APARTMENT HOUSE (5+ UNITS) • 4,250 SF
      2053 76th St, Los Angeles, CA 90001-2761
      View Details
    • Value Estimation by Request
      3,574 SF

      2063 76th St

      APARTMENT HOUSE (5+ UNITS) • 3,574 SF
      2063 76th St, Los Angeles, CA 90001-2763
      View Details
    • Value Estimation
      $600,000
      10,375 SF

      709 79th St

      APARTMENT HOUSE (5+ UNITS) • 10,375 SF
      709 79th St, Los Angeles, CA 90001-3258
      View Details

    Similar Nearby for Sale

    • $800,000
      1,180 SF

      Five-Unit Multifamily Property

      Five-unit property with value-add potential in Los Angeles.
      Parmelee Ave, Los Angeles, CA 90001
      View Details
    • $780,000
      2,608 SF

      West Hartford Office Building

      9,768 SF Office, Flexible Lease
      759 84Th St, Los Angeles, CA 90001
      View Details
    • $888,888
      4,000 SF

      Florence-Firestone Multifamily Value-Add

      11-unit apartment building, high-density potential.
      6524 Central Ave, Los Angeles, CA 90001
      View Details
    • $2,500,000
      5,400 SF

      Los Angeles 10-Unit Apartment Building

      10-unit apartment complex, high occupancy.
      1114 67Th St, Los Angeles, CA 90001
      View Details
    • $750,000
      1,264 SF

      Five-Unit Multifamily Investment Opportunity

      Five-unit property in strong rental market with immediate upside.
      Elsie St, Los Angeles, CA 90001
      View Details
    • $850,000

      Los Angeles Triplex with Vacant Unit

      Triplex in Los Angeles with one vacant unit.
      1915 E 78Th St, Los Angeles, CA 90001
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      9 SF

      Available Land Near Ports

      Divisible land suitable for commercial use near major ports.
      8440 S Alameda St, Los Angeles, CA 90001
      View Details
    • Contact for pricing
      18,355 SF

      Warehouse, Flex, Creative Uses Available

      Free standing building near 110 Fwy with frontage.
      902 E 59Th St, Los Angeles, CA 90001
      View Details
    • Contact for pricing
      100,430 SF

      Industrial Warehouse Space Available

      New industrial space with high clearance and ample loading docks.
      6403 Wilmington Ave, Los Angeles, CA 90001
      View Details
    • $0.75 SF/Yr
      30 SF

      Industrial Space for Lease

      Industrial property available for lease in Los Angeles, CA.
      2031 E 65Th St, Los Angeles, CA 90001
      View Details
    • $0.75 SF/Yr
      12,190 SF

      Two-Story Office/Manufacturing Building For Rent

      Two-story office and garment manufacturing building with showroom and parking.
      2031 E 65Th St, Los Angeles, CA 90001
      View Details
    • $0.58 SF/Yr
      41,420 SF

      41,420 SF Truck Parking/Storage Yard Lot For Lease

      41,420 SF Truck Parking/Storage Yard Lot For Lease
      1808 E 58th Pl, Los Angeles, CA 90001
      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.
    7321 Miramonte Blvd
    Los Angeles, CA 90001-2571
    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.