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

    840 Fairfax Ave Los Angeles, CA 90036-4421

    • Turn key restaurants
    • 3,829 SF
    • 0.29 lot acres
    OFF-MARKET
    Value Estimations
    $730,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7160310
    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

    • Crown Cleaners / Dry Cleaner
    • Moxie PR / Advertising Agency
    • Tom Bergin's / Sports Bar / Irish Pub
    • Seed Floral / Event Planner / Wedding Planner

    Property Details for 840 Fairfax Ave

    Year built
    1949
    Construction
    WOOD
    Lot size
    0.29 lot acres
    Property size
    3,829 SF
    Zone code
    LAC2
    Property type
    Turn key restaurants
    APN
    5086-008-012
    APU
    5086008012

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $800,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $663,000
      Market price range: $250k - $664k

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.363
    Latitude
    34.0601
    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
    $61,425
    $4,702,676
    $328,093
    $5,030,769
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $580,000
      3,777 SF

      7360 Beverly Blvd

      RESTAURANT • 3,777 SF
      7360 Beverly Blvd, Los Angeles, CA 90036-2501
      View Details
    • Value Estimation
      $755,000
      13,981 SF

      641 Highland Ave

      RESTAURANT • 13,981 SF
      641 Highland Ave, Los Angeles, CA 90036-2017
      View Details
    • Value Estimation
      $505,000
      2,157 SF

      465 Fairfax Ave

      RESTAURANT • 2,157 SF
      465 Fairfax Ave, Los Angeles, CA 90036-3122
      View Details
    • Value Estimation
      $850,000
      6,790 SF

      7450 Beverly Blvd

      RESTAURANT • 6,790 SF
      7450 Beverly Blvd, Los Angeles, CA 90036-2701
      View Details
    • Value Estimation by Request
      2,400 SF

      7613 Beverly Blvd

      RESTAURANT • 2,400 SF
      7613 Beverly Blvd, Los Angeles, CA 90036-2705
      View Details
    • Value Estimation by Request
      3,801 SF

      6031 San Vicente Blvd

      RESTAURANT • 3,801 SF
      6031 San Vicente Blvd, Los Angeles, CA 90036-4434
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Prime Fairfax Ave Retail Space

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      Fairfax District Retail Investment Opportunity

      Retail building in Fairfax District near Miracle Mile for sale.
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    • $2,450,000
      6,265 SF

      Retail/Office Space on La Brea

      Storefront retail or office space available for purchase.
      152-154 N La Brea Ave, Los Angeles, CA 90036
      View Details
    • $3,595,000
      6,265 SF

      Hollywood Retail Investment Opportunity

      Prime La Brea Ave Retail Building, 6,265 SF
      152 La Brea Ave, Los Angeles, CA 90036
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    • Contact for pricing
      14,152 SF

      Miracle Mile Purchase Opportunity on Museum Row

      Miracle Mile Purchase Opportunity on Museum Row
      5800 Wilshire Blvd, Los Angeles, CA 90036
      View Details
    • $2,650,000

      Los Angeles Commercial Property Available

      Commercial property for sale in Los Angeles, California.
      712 S Stanley Ave, Los Angeles, CA 90036
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    Similar Nearby for Lease

    • $5,944 /Mo

      Turnkey Restaurant Space Sublease Available

      Fully renovated restaurant space ready for immediate operations.
      5466 Wilshire Blvd, Los Angeles, CA 90036
      View Details
    • $42 SF/Yr
      60,000 SF

      Wilshire Blvd Retail Spaces Available

      Prime Los Angeles retail space, multiple suites.
      5410 Wilshire Blvd, Los Angeles, CA 90036
      View Details
    • $5 SF/Yr
      3,200 SF

      Restaurant Space with Liquor License

      Restaurant space for rent, includes a Type 47 Liquor license.
      1153-1157 N Highland Ave, Los Angeles, CA 90036
      View Details
    • $60 SF/Yr
      20,486 SF

      Beverly Blvd Retail Opportunity

      West Hollywood Retail Space - 20,486 SF
      7366 Beverly Blvd, Los Angeles, CA 90036
      View Details
    • $6 SF/Yr
      3,430 SF

      Retail Space on Beverly Boulevard

      Retail space available for rent on Beverly Boulevard.
      7374-7386 Beverly Blvd, Los Angeles, CA 90036
      View Details
    • $45 SF/Yr
      2,400 SF

      La Brea Ave Retail Showroom

      Prime La Brea location, 2400 sq ft showroom.
      130 La Brea Ave, Los Angeles, CA 90036
      View Details
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    840 Fairfax Ave
    Los Angeles, CA 90036-4421
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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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