Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    7400 Western Ave Los Angeles, CA 90047

    Property Lookup

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

    7400 Western Ave Los Angeles, CA 90047

    View on Map
    • Auto shops
    • 1,564 SF
    • 0.13 lot acres
    For Lease
    View Listing →
    Western Avenue Retail/Auto Space For Lease
    Contact for pricing

    Western Avenue Retail/Auto Space

    Retail or auto repair space for lease on Western Avenue.

    7400 S Western Ave, Los Angeles, CA 90047
    View Listing
    Property ID
    US10-0459719
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Smogster Smog Check / Sustainability Organization
    • Black Moon Collision Repair / Auto Repair Shop
    • Window Tint Z / Interior Design / Auto Repair Shop

    Property Details for 7400 Western Ave

    Year built
    1934
    Lot size
    0.13 lot acres
    Property size
    1,564 SF
    Zone code
    LAC2
    Property type
    Auto shops
    APN
    6018-016-001
    APU
    6018016001

    Description

    This exceptional Hyde Park retail property, located at 7400 S Western Ave (cross street 74th), offers a prime opportunity for businesses seeking high visibility and convenient access. The single-story, Class B building totals 2,000 square feet, with available spaces ranging from 400 to 700 square feet minimum. Currently configured as a smog station and auto repair shop, the space includes all existing build-outs and equipment. The C2 zoning allows for a wide variety of uses, making it ideal for adaptable businesses. Situated on a major thoroughfare with excellent signage opportunities and high traffic counts, this location benefits from proximity to major retailers like Home Depot and convenient public transportation access. The property is just one block south of Florence Avenue on Western Avenue, and only two miles from a significant new development project encompassing a new RAMS stadium, 3,000 residential units, 680,000 square feet of retail space, a luxury hotel, the Hollywood Park Casino, and a man-made lake. The property features 110-220 power. Taxes are $0 per square foot. Don't miss this chance to establish your business in a thriving and rapidly developing area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.309
    Latitude
    33.9726
    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
    $4,633
    $322,003
    $22,754
    $344,757
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      480 SF

      6706 Van Ness Ave

      AUTO REPAIR, GARAGE • 480 SF
      6706 Van Ness Ave, Los Angeles, CA 90047-1652
      View Details
    • Value Estimation by Request
      2,720 SF

      8024 Western Ave

      AUTO REPAIR, GARAGE • 2,720 SF
      8024 Western Ave, Los Angeles, CA 90047-2718
      View Details
    • Value Estimation
      $895,000
      11,000 SF

      7300 Western Ave

      AUTO REPAIR, GARAGE • 11,000 SF
      7300 Western Ave, Los Angeles, CA 90047-2253
      View Details
    • Value Estimation by Request
      3,016 SF

      1541 Florence Ave

      AUTO REPAIR, GARAGE • 3,016 SF
      1541 Florence Ave, Los Angeles, CA 90047-2213
      View Details
    • Value Estimation by Request
      1,899 SF

      7523 Western Ave

      AUTO REPAIR, GARAGE • 1,899 SF
      7523 Western Ave, Los Angeles, CA 90047-2430
      View Details
    • Value Estimation by Request
      6,000 SF

      7411 Western Ave

      AUTO REPAIR, GARAGE • 6,000 SF
      7411 Western Ave, Los Angeles, CA 90047-2428
      View Details

    Similar Nearby for Sale

    • $725,000
      2,484 SF

      Los Angeles Commercial Property For Sale

      Commercial property available in Los Angeles, California.
      1721 W Century Blvd, Los Angeles, CA 90047
      View Details
    • $2,095,000
      8,127 SF

      Corner Assemblage in South Los Angeles

      Three-parcel corner assemblage with income potential in South Los Angeles.
      9600 S Western Ave, Los Angeles, CA 90047
      View Details
    • $749,000

      Freestanding Building on Western Avenue

      Versatile commercial building in South Los Angeles with development potential.
      9326 S Western Ave, Los Angeles, CA 90047
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Western Avenue Retail/Auto Space

      Retail or auto repair space for lease on Western Avenue.
      7400 S Western Ave, Los Angeles, CA 90047
      View Details
    • Contact for pricing
      51,700 SF

      Paved Storage Yard with Service

      Paved, lighted storage yard with gated entry and service building.
      1710 E 109Th St, Los Angeles, CA 90047
      View Details
    • Contact for pricing

      Retail/Office Space on Western Avenue

      Retail/office space for lease with excellent visibility and signage.
      7406 S Western Ave, Los Angeles, CA 90047
      View Details
    • Contact for pricing

      Retail Space on Western Avenue

      Retail/Office space with excellent visibility and high traffic.
      7402 S Western Ave, Los Angeles, CA 90047
      View Details
    • Contact for pricing

      Anchored Community Center For Rent

      221,196 SF community center with high-volume retailers.
      1810 W Slauson Ave, Los Angeles, CA 90047
      View Details
    View Listing
    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.
    7400 Western Ave
    Los Angeles, CA 90047
    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!