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

    8487 3rd St Los Angeles, CA 90048-4124

    • Investment properties
    • 69,046 SF
    • 1.78 lot acres
    OFF-MARKET
    Value Estimations
    $16,165,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7294340
    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

    • T.J. Maxx / Sunglasses Store / Swimwear Store

    Property Details for 8487 3rd St

    Year built
    1955
    Construction
    TILT-UP CONCRETE
    Lot size
    1.78 lot acres
    Property size
    69,046 SF
    Zone code
    LAC2
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    5511-013-021
    APU
    5511013021

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $23,305,000
      6.5%
      $21,510,000
      7%
      $19,975,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $20,685,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $21,510,000
      Change: +4% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.376
    Latitude
    34.0736
    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
    $781,363
    $29,221,464
    $35,112,890
    $64,334,354
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $725,000
      4,725 SF

      7952 3rd St

      STORE/OFFICE (MIXED USE) • 4,725 SF
      7952 3rd St, Los Angeles, CA 90048-4305
      View Details
    • Value Estimation
      $925,000
      5,728 SF

      434 Robertson Blvd

      STORE/OFFICE (MIXED USE) • 5,728 SF
      434 Robertson Blvd, Los Angeles, CA 90048-3908
      View Details
    • Value Estimation
      $990,000
      6,011 SF

      531 La Cienega Blvd

      STORE/OFFICE (MIXED USE) • 6,011 SF
      531 La Cienega Blvd, West Hollywood, CA 90048-2001
      View Details
    • Value Estimation
      $950,000
      4,360 SF

      484 San Vicente Blvd

      STORE/OFFICE (MIXED USE) • 4,360 SF
      484 San Vicente Blvd, Los Angeles, CA 90048-4107
      View Details
    • Value Estimation
      $3,250,000
      11,222 SF

      101 Robertson Blvd

      STORE/OFFICE (MIXED USE) • 11,222 SF
      101 Robertson Blvd, Los Angeles, CA 90048-3101
      View Details
    • Value Estimation
      $4,000,000
      3,626 SF

      8731 3rd St

      STORE/OFFICE (MIXED USE) • 3,626 SF
      8731 3rd St, Los Angeles, CA 90048-3803
      View Details

    Similar Nearby for Sale

    • $1,598,000
      Pending

      West Hollywood Retail Investment Opportunity

      Prime West Hollywood retail space with high foot traffic.
      619 N Croft Ave, West Hollywood, CA 90048
      View Details
    • $16,500,000
      13,195 SF

      Robertson Blvd Mixed-Use Gem

      Prime LA Design District; Owner-User Opportunity
      141-147 Robertson Blvd, Los Angeles, CA 90048
      View Details
    • $4,850,000
      12,201 SF

      Los Angeles Multifamily Investment

      12-unit apartment complex, high rental demand.
      650 S La Jolla Ave, Los Angeles, CA 90048
      View Details
    • Contact for pricing

      Beverly Grove Redevelopment Opportunity

      Prime redevelopment site in Beverly Grove with SB-8 exemption.
      350 Hayworth Ave, Los Angeles, CA 90048
      View Details
    • Contact for pricing
      114,237 SF

      Miracle Mile Medical Condos

      Class A Medical Office Suites, Los Angeles
      6200 Wilshire Blvd, Los Angeles, CA 90048
      View Details
    • New
      $1,850,000
      4,816 SF

      Streamline Moderne Four-Plex in Beverly Grove

      Architectural four-unit property with value-add opportunity in prime location.
      8360 W 1St St, Los Angeles, CA 90048
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,700 SF

      Prime LA Medical Office Space

      Shared Sublease: 150-1700 sq ft.
      640 San Vicente Blvd, Los Angeles, CA 90048
      View Details
    • Contact for pricing
      4,280 SF

      West Hollywood Executive Office Suites

      Prime West Hollywood Office Space Available
      454 Robertson Blvd, West Hollywood, CA 90048
      View Details
    • $36 SF/Yr
      20,300 SF

      Prime LA Executive Office Suites

      Los Angeles Office Space Available Now
      8425 3Rd St, Los Angeles, CA 90048
      View Details
    • Contact for pricing
      1,600 SF

      Beverly Boulevard Retail Center

      Fully leased retail center on Beverly Boulevard.
      8310-8314 Beverly Blvd, Los Angeles, CA 90048
      View Details
    • Contact for pricing
      390 SF

      Remodeled Suite in Private Courtyard

      Newly remodeled 390 SF suite ideal for therapy office.
      8217 Beverly Blvd, Los Angeles, CA 90048
      View Details
    • Contact for pricing
      920 SF

      Retail Space on West 3rd

      Prime retail location adjacent to Yada Studio & Groundwork Coffee.
      8117 West 3Rd St, Los Angeles, CA 90048
      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.
    8487 3rd St
    Los Angeles, CA 90048-4124
    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!