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    815 Sherbourne Dr Los Angeles, CA 90035-1866
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    Property profile & analytics

    815 Sherbourne Dr Los Angeles, CA 90035-1866

    View on Map
    • Apartment buildings
    • 5,880 SF
    • 0.14 lot acres
    Off-Market
    Last Sale Feb 23, 2021
    $3,010,030
    Property ID
    US09-6846815
    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
    $2,685,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Massage Nina / Alternative Medicine Practice / Spa & Massage Center

    Property Details for 815 Sherbourne Dr

    Year built
    1958
    Construction
    WOOD
    Lot size
    0.14 lot acres
    Property size
    5,880 SF
    Zone code
    LAR3
    Property type
    Apartment buildings
    APN
    4333-020-015
    APU
    4333020015

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,555,000
      ML approach
      $2,595,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,245,000
      Market price range: $1.27M - $2.25M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,740,000
      Current use
      AUTO REPAIR, GARAGE
      $3,195,000
      Change: +84% Conversion: Difficult
      OFFICE BUILDING
      $2,950,000
      Change: +70% Conversion: Moderate
      MEDICAL BUILDING
      $2,680,000
      Change: +54% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $2,490,000
      Change: +43% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,760,000
      Change: +1% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.38
    Latitude
    34.0625
    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
    $39,395
    $2,243,923
    $950,311
    $3,194,234
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.14 Acres

      906 Sherbourne Dr

      APARTMENT HOUSE (5+ UNITS) • 0.14 Acres
      906 Sherbourne Dr, Los Angeles, CA 90035
      View Details
    • Value Estimation
      $525,000
      15,538 SF

      1414 Hi Pt St

      APARTMENT HOUSE (5+ UNITS) • 15,538 SF
      1414 Hi Pt St, Los Angeles, CA 90035-3962
      View Details
    • Value Estimation by Request
      9,200 SF

      1069 Wooster St

      APARTMENT HOUSE (5+ UNITS) • 9,200 SF
      1069 Wooster St, Los Angeles, CA 90035-1550
      View Details
    • Value Estimation by Request
      8,110 SF

      847 Wooster St

      APARTMENT HOUSE (5+ UNITS) • 8,110 SF
      847 Wooster St, Los Angeles, CA 90035-1731
      View Details
    • Value Estimation by Request
      10,165 SF

      1512 Wooster St

      APARTMENT HOUSE (5+ UNITS) • 10,165 SF
      1512 Wooster St, Los Angeles, CA 90035-3478
      View Details
    • Value Estimation
      $960,000
      32,950 SF

      1031 Wooster St

      APARTMENT HOUSE (5+ UNITS) • 32,950 SF
      1031 Wooster St, Los Angeles, CA 90035-1529
      View Details

    Similar Nearby for Sale

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      Mid-City Multifamily Investment Opportunity

      Well-maintained 6-unit multifamily asset in Mid-City Los Angeles.
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      Well-maintained 8-unit apartment building in prime Los Angeles location.
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    • New
      $1,990,000
      6,470 SF

      Value-Add Multifamily Opportunity, Los Angeles

      Five-unit property with value-add potential in Pico-Robertson.
      6082 Cashio St, Los Angeles, CA 90035
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    • Contact for pricing
      6,278 SF

      Los Angeles Multifamily Investment Opportunity

      Seven-unit multifamily property in a high-demand Los Angeles rental neighborhood.
      1114 S Sherbourne Dr, Los Angeles, CA 90035
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    • $12,500,000
      22,445 SF

      Luxury Apartments in Beverlywood

      Newer 20-unit apartment community in prime Westside location.
      1070 S Bedford St, Los Angeles, CA 90035
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    Similar Nearby for Lease

    • Contact for pricing

      Beverly Hills Adjacent Office Space

      Office space for lease near Beverly Hills.
      1147 S Robertson Blvd, Los Angeles, CA 90035
      View Details
    • Contact for pricing

      Fully Leased Office Building

      Office building is 100% leased; no current availability.
      9540-9546 W Pico Blvd, Los Angeles, CA 90035
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease in Los Angeles.
      998 S Robertson Blvd, Los Angeles, CA 90035
      View Details
    • Contact for pricing
      1,650 SF

      Retail/Restaurant Space Available

      Retail or restaurant space with ADA restrooms, floor drains.
      8771-8783 W Pico Blvd, Los Angeles, CA 90035
      View Details
    • Contact for pricing

      La Cienega Boulevard Showroom Opportunity

      27,479 SF showroom with gated parking on La Cienega.
      Los Angeles, CA 90035
      View Details
    • $3,800 /Mo

      Beverly Drive Office/Retail Space

      Ground floor and second-floor office spaces available for rent.
      1139-1143 S Beverly Dr, Los Angeles, CA 90035
      View Details
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    Los Angeles, CA 90035-1866
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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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