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

    8718 Prince Ave Los Angeles, CA 90002-1255

    • Apartment buildings
    • 3,481 SF
    • 0.23 lot acres
    OFF-MARKET
    Last Sale
    Dec 07, 2021
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-6444528
    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

    • Apartment buildings

    Property Details for 8718 Prince Ave

    Year built
    1925
    Construction
    WOOD
    Lot size
    0.23 lot acres
    Property size
    3,481 SF
    Zone code
    LCR2YY
    Property type
    Apartment buildings
    APN
    6043-021-010
    APU
    6043021010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.248
    Latitude
    33.9584
    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
    $17,048
    $416,160
    $780,300
    $1,196,460
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,990,000
      12,773 SF

      2131 Century Blvd

      APARTMENT HOUSE (5+ UNITS) • 12,773 SF
      2131 Century Blvd, Los Angeles, CA 90002-4015
      View Details
    • Value Estimation
      $2,310,000
      14,822 SF

      2107 Century Blvd

      APARTMENT HOUSE (5+ UNITS) • 14,822 SF
      2107 Century Blvd, Los Angeles, CA 90002-4017
      View Details
    • Value Estimation
      $4,090,000
      26,223 SF

      2270 Century Blvd

      APARTMENT HOUSE (5+ UNITS) • 26,223 SF
      2270 Century Blvd, Los Angeles, CA 90002-3081
      View Details
    • Value Estimation
      $5,715,000
      36,658 SF

      2300 Century Blvd

      APARTMENT HOUSE (5+ UNITS) • 36,658 SF
      2300 Century Blvd, Los Angeles, CA 90002-1853
      View Details
    • Value Estimation by Request
      2,378 SF

      1460 90th St

      APARTMENT HOUSE (5+ UNITS) • 2,378 SF
      1460 90th St, Los Angeles, CA 90002-1747
      View Details
    • Value Estimation by Request
      2,210 SF

      8910 Bch St

      APARTMENT HOUSE (5+ UNITS) • 2,210 SF
      8910 Bch St, Los Angeles, CA 90002-1463
      View Details

    Similar Nearby for Sale

    • $1,150,000

      Newer Multifamily Investment Opportunity

      Two-story multifamily property built in 2020 with modern amenities.
      1612 E 92Nd St, Los Angeles, CA 90002
      View Details
    • $1,098,000

      Newer Los Angeles Multifamily Investment

      Two-unit building constructed in 2019 with modern amenities.
      9543 Bandera St, Los Angeles, CA 90002
      View Details
    • $699,000
      1,361 SF

      Los Angeles Duplex with ADU

      Duplex with additional dwelling unit in Los Angeles, California.
      1126 E 106Th St, Los Angeles, CA 90002
      View Details
    • $770,000

      Income Property with Investment Potential

      Income-producing duplex with TLC potential near amenities.
      8820 Beach St, Los Angeles, CA 90002
      View Details
    • $699,000

      Newer Duplex in South Los Angeles

      Two newly built homes on one lot in South Los Angeles.
      9815 Holmes Ave, Los Angeles, CA 90002
      View Details
    • New
      $659,900
      1,645 SF

      Los Angeles Duplex with Bonus

      Move-in ready duplex with unpermitted bonus unit in Los Angeles.
      9621 Laurel St, Los Angeles, CA 90002
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      13,000 SF

      LAX Adjacent Warehouse Space

      Warehouse space near LAX with freeway access and secure yard.
      5218 W 104Th St, Los Angeles, CA 90002
      View Details
    • Contact for pricing
      8,800 SF

      Warehouse with Drive-Through Capability

      8,800 SF warehouse with drive-through, ideal for storage.
      9110 Grape St, Los Angeles, CA 90002
      View Details
    • Contact for pricing
      103,566 SF

      MLK Jr. Center Retail Space

      Los Angeles retail space, ample parking.
      1601-1673 103Rd St, Los Angeles, CA 90002
      View Details
    • Contact for pricing
      44,708 SF

      Freestanding Building Near LA Airport

      Recently renovated warehouse/distribution space with access to major transportation routes.
      5400 W 104Th St, Los Angeles, CA 90002
      View Details
    • $2 SF/Yr
      19,920 SF

      LAX Cold Storage Logistics Building

      Cold storage logistics building near LAX with secured yard.
      5340 W 104Th St, Los Angeles, CA 90002
      View Details
    • $9,000 /Mo

      Los Angeles Commercial Land For Lease

      Commercial land available for lease in Los Angeles, California.
      9523 S Alameda St, Los Angeles, CA 90002
      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.
    8718 Prince Ave
    Los Angeles, CA 90002-1255
    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.