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

    8236 Santa Monica Blvd West Hollywood, CA 90046-5916

    • Investment properties
    • 2,814 SF
    • 0.11 lot acres
    OFF-MARKET
    Last Sale
    Mar 18, 2021
    $2,740,027
    Value Estimations
    $2,510,000
    Show details
    Cap Rate Potential
    2.7%
    Investment properties
    Location Intelligence
    Property ID
    US09-6445997
    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

    • Investment properties

    Property Details for 8236 Santa Monica Blvd

    Year built
    1955
    Construction
    TILT-UP CONCRETE
    Lot size
    0.11 lot acres
    Property size
    2,814 SF
    Zone code
    WDC2A*
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    5529-013-024
    APU
    5529013024

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,085,000
      ML approach
      $2,195,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,786,000
      Market price range: $1.13M - $2.79M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,035,000
      Current use
      RETAIL STORES
      $1,830,000
      Change: -10% Conversion: Easy

    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
    34.0905
    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
    $36,007
    $2,493,838
    $413,871
    $2,907,709
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,020,000
      14,140 SF

      7471 Melrose Ave

      STORE/OFFICE (MIXED USE) • 14,140 SF
      7471 Melrose Ave, Los Angeles, CA 90046-7551
      View Details
    • Value Estimation
      $2,210,000
      10,911 SF

      7311 Melrose Ave

      STORE/OFFICE (MIXED USE) • 10,911 SF
      7311 Melrose Ave, Los Angeles, CA 90046-7512
      View Details
    • Value Estimation
      $2,530,000
      11,733 SF

      8205 Santa Monica Blvd

      STORE/OFFICE (MIXED USE) • 11,733 SF
      8205 Santa Monica Blvd, West Hollywood, CA 90046-5977
      View Details
    • Value Estimation
      $6,140,000
      25,330 SF

      7601 Sunset Blvd

      STORE/OFFICE (MIXED USE) • 25,330 SF
      7601 Sunset Blvd, Los Angeles, CA 90046-2714
      View Details
    • Value Estimation
      $800,000
      4,843 SF

      7280 Melrose Ave

      STORE/OFFICE (MIXED USE) • 4,843 SF
      7280 Melrose Ave, Los Angeles, CA 90046-7651
      View Details
    • Value Estimation by Request
      10,354 SF

      1502 Gardner St

      STORE/OFFICE (MIXED USE) • 10,354 SF
      1502 Gardner St, Los Angeles, CA 90046-2808
      View Details

    Similar Nearby for Sale

    • $1,200,000

      West Hollywood Modern Architectural Gem

      Award-winning building with soaring ceilings and indoor-outdoor flow.
      1011 N Orange Grove Ave, West Hollywood, CA 90046
      View Details
    • $2,200,000

      West Hollywood Multifamily Investment Opportunity

      Rare 8-unit property with upside in prime West Hollywood.
      1010 N Orange Grove Ave, West Hollywood, CA 90046
      View Details
    • $89,000

      West Hollywood Hills Development Opportunity

      Two adjacent vacant lots in prime West Hollywood area.
      8961 Crescent Dr, Los Angeles, CA 90046
      View Details
    • $8,000,000
      0.15 Acres

      West Hollywood Condo Building

      Seven brand-new, vacant condo units in West Hollywood.
      1236 Fairfax Ave, Los Angeles, CA 90046
      View Details
    • $175,000
      4,005.00 Acres

      Hollywood Hills Land Opportunity

      4,005 sqft lot in Laurel Canyon near Wonderland School.
      8583 Lookout Mountain Ave, Los Angeles, CA 90046
      View Details
    • New
      $1,299,000
      2,828 SF

      West Hollywood Income Property

      Charming Spanish income property on a large lot in West Hollywood.
      1015 N Martel Ave, West Hollywood, CA 90046
      View Details

    Similar Nearby for Lease

    • $4,500,000
      6,943 SF

      Mixed-Use Retail Building for Rent

      Mixed-use retail building with residential and retail spaces available.
      7974 Melrose Ave, Los Angeles, CA 90046
      View Details
    • $6,250 /Mo

      West Hollywood Modern Architectural Gem

      AIA Award-Winning building with indoor-outdoor flow and Hollywood Hills views.
      1011 N Orange Grove Ave, West Hollywood, CA 90046
      View Details
    • $29 SF/Yr
      5,400 SF

      Melrose Ave Retail Showroom Opportunity

      Prime Los Angeles Retail Space - 5,400 SF
      7519 Melrose Ave, Los Angeles, CA 90046
      View Details
    • $90 SF/Yr
      6,460 SF

      Skyview Sunset: Premier LA Retail Space

      Los Angeles retail/restaurant space, 5 suites available.
      7901 Sunset Blvd, Los Angeles, CA 90046
      View Details
    • Contact for pricing
      1,167 SF

      Retail Space Available For Rent

      Second floor retail space available in Los Angeles.
      1502-1506 N Gardner St, Los Angeles, CA 90046
      View Details
    • $3 SF/Yr
      1,611 SF

      Retail Space on Melrose Avenue

      Retail space available for rent on Melrose Avenue.
      7401-7407 Melrose Ave, Los Angeles, 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.
    8236 Santa Monica Blvd
    West Hollywood, CA 90046-5916
    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.