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Property profile & analytics
OFF-MARKET
Estimated value
$3,350,000
Manufacturing properties
8515 La Cienega Blvd Inglewood, CA 90301-2117
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9835656
Property summary
AI-generated overview
This Inglewood, CA warehouse presents a compelling investment opportunity. The 12,400-square-foot building sits on a 22,240-square-foot lot, zoned MU-2A. Currently leased to State Van Rental under a triple-net (NNN) lease with 3.5 years remaining, the lease commands $14,688 per month, including a 2.5% annual increase. The current lease rate is $1.15 per square foot, while market rent is $1.75 per square foot, yielding a 6.1% market capitalization rate. Built in 1958, this property offers 24 parking spaces and boasts a highly accessible location, conveniently situated off the 405 freeway and just south of Manchester Boulevard, providing easy access to LAX. The asking price is $4,250,000, representing a 4.15% cap rate and a pro-forma cap rate of 6.21%. This property is ideal for investors seeking strong cash flow and potential for future appreciation in a prime Inglewood location. The property address is 8515 La Cienega Blvd, Inglewood, CA 90301.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1958
Construction
TILT-UP CONCRETE
Total area
12,400 SF
Lot
0.51 ac (22,240 SF)
Zoning code
INM1*
APN
4127-027-018
UPID
US09-9835656
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Van Rental Los Angeles: State Van Car Rental Facility
-
LACyclesports Honda Parts Auto Parts Store Motorcycle Shop
-
Triumph of LA Motorcycle Shop
-
HONDAMOTOPARTS.COM Auto Parts Store Motorcycle Shop
-
La Cyclesports & La Honda Service Auto Repair Shop Motorcycle Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.00M
CAP Approach
CAP
$2.37M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.35M
Owner & transaction history
8515 Lc LLC · 1 yrs held
8515 Lc LLC
since 2025
Last sale
$4.1M
3 recorded transactions
Zoning & alternative use
INM1* · Inglewood, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$4.4M
+15.7%
Office building
$4.2M
+9.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Inglewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Inglewood submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$3,265,000
ML approach
$3,000,000
CAP Approach
CAP Return
Estimation
6%
$2,565,000
6.5%
$2,370,000
7%
$2,200,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,810,000
Current use
RETAIL STORES
$4,410,000
Change: +16% · Conversion: Moderate
OFFICE BUILDING
$4,165,000
Change: +9% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,645,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$3.35M
Range $3.02M – $3.69M · ±10% · vs last sale $4.06M (Oct 15 2024)
Last sale anchor
$4.06M
Oct 15 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$270 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$37,156
Tax year 2024
Assessed value
$2,800,000
Assessed 2024
Previous assessed
$2,800,000
+0.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$2,300,000
Assessed improvement
$500,000
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1958
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
12,400 SF
Lot
0.51 ac (22,240 SF)
Zoning code
INM1*
APN
4127-027-018
UPID
US09-9835656
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
INM1* · Inglewood, CAZoning INM1* · permitted uses
INM1* · Inglewood, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.8M
RETAIL STORES
Est. value
$4.4M
OFFICE BUILDING
Est. value
$4.2M
WAREHOUSE, STORAGE
Est. value
$3.6M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
OFFICE BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1958
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.51 ac
Current owner
From public records · entity-resolved
8515 Lc LLC
Entity
Mailing address
458 N DOHENY DR, WEST HOLLYWOOD, CA 90048-1737
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 15, 2025
$4,060,000
8515 Lc LLC
Dk 1821 Daly LLC
Grant Deed
$3,248,000 · First Citizens Bank & Trust Co
Sep 20, 2023
$2,800,000
Dk 1821 Daly LLC
Polaris Asset Management INC
Grant Deed
$1,680,000 · Lone Oak Fund LLC
Dec 27, 2011
—
Polaris Asset Management INC
California Aircraft Tool Co
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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