Add Listing
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

    8218 Sunset Blvd West Hollywood, CA 90046-2414

    • Office buildings
    • 2,294 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimations
    $850,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-6522576
    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

    • Office buildings

    Property Details for 8218 Sunset Blvd

    Year built
    1923
    Construction
    WOOD
    Lot size
    0.11 lot acres
    Property size
    2,294 SF
    Zone code
    LAC4
    Property type
    Office buildings
    APN
    5554-018-004
    APU
    5554018004

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $970,000
      6.5%
      $895,000
      7%
      $830,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,150,000
      Current use
      AUTO REPAIR, GARAGE
      $1,245,000
      Change: +8% Conversion: Difficult
      MEDICAL BUILDING
      $1,045,000
      Change: -9% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $970,000
      Change: -16% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    West Hollywood
    County
    Los Angeles
    State
    California
    Longitude
    -118.368
    Latitude
    34.0976
    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
    $16,554
    $1,326,385
    $13,389
    $1,339,774
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $815,000
      2,156 SF

      8091 Selma Ave

      OFFICE BUILDING • 2,156 SF
      8091 Selma Ave, Los Angeles, CA 90046-2571
      View Details
    • Value Estimation
      $6,800,000
      12,704 SF

      7750 Sunset Blvd

      OFFICE BUILDING • 12,704 SF
      7750 Sunset Blvd, Los Angeles, CA 90046-3910
      View Details
    • Value Estimation
      $4,175,000
      12,505 SF

      7551 Sunset Blvd

      OFFICE BUILDING • 12,505 SF
      7551 Sunset Blvd, Los Angeles, CA 90046-3415
      View Details
    • Value Estimation
      $5,345,000
      15,724 SF

      936 Formosa Ave

      OFFICE BUILDING • 15,724 SF
      936 Formosa Ave, Los Angeles, CA 90046-6702
      View Details
    • Value Estimation
      $2,950,000
      3,038 SF

      1019 Fairfax Ave

      PROFESSIONAL BUILDING • 3,038 SF
      1019 Fairfax Ave, West Hollywood, CA 90046-6160
      View Details
    • Value Estimation
      $1,155,000
      3,174 SF

      838 Fairfax Ave

      OFFICE BUILDING • 3,174 SF
      838 Fairfax Ave, Los Angeles, CA 90046-7208
      View Details

    Similar Nearby for Sale

    • $2,100,000
      2,832 SF

      Free-Standing Fairfax Office Building

      Two-story, 2,832 SF office building in the Fairfax neighborhood.
      Gardner St, Los Angeles, CA 90046
      View Details
    • $3,100,000

      Los Angeles Office Space Available

      Office property for sale in Los Angeles, CA.
      751 N Fairfax Ave, Los Angeles, CA 90046
      View Details
    • $3,250,000
      7,316 SF

      Melrose Avenue Retail/Office Opportunity

      Prime location with immediate cash flow and value-add potential.
      7661 Melrose Ave, Los Angeles, CA 90046
      View Details
    • $6,900,000

      West Hollywood Retail/Office Opportunity

      Retail and office space available on Santa Monica Boulevard.
      7906 Santa Monica Blvd, West Hollywood, CA 90046
      View Details
    • $6,900,000

      West Hollywood Retail/Office Opportunity

      Retail and office space available on Santa Monica Boulevard.
      7906 Santa Monica Blvd, West Hollywood, CA 90046
      View Details
    • Contact for pricing

      Hollywood Hills Land with Views

      Land in Hollywood Hills with downtown LA and city views.
      8468 Elusive Dr, Los Angeles, CA 90046
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Leased Investment Opportunity

      Tenant Levi Strauss, $235,776 annual rent, large land parcel.
      8090 Selma Ave, Los Angeles, CA 90046
      View Details
    • $6,000 /Mo
      10,019 SF

      Melrose Avenue Storefront Opportunity

      Two-story storefront on Melrose Avenue, ideal for retail/office use.
      7552 Melrose Ave, Los Angeles, CA 90046
      View Details
    • Contact for pricing

      Retail Space on Melrose Avenue

      Retail space available for lease on Melrose Avenue.
      7801 Melrose Ave, Los Angeles, CA 90046
      View Details
    • Contact for pricing

      Sunset Strip High Identity Buildings

      Spacious buildings on Sunset Strip in West Hollywood.
      8265 Sunset Blvd, West Hollywood, CA 90046
      View Details
    • Contact for pricing
      1,535 SF

      Office Space Available For Rent

      Office space available for rent in Los Angeles, CA.
      1512-1516 N Gardner St, Los Angeles, CA 90046
      View Details
    • Contact for pricing

      Retail Space on Santa Monica

      Single tenant retail space available for rent, 980 SqFt.
      8264 Santa Monica Blvd, West Hollywood, CA 90046
      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.
    8218 Sunset Blvd
    West Hollywood, CA 90046-2414
    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!