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

    8802 Central Ave Los Angeles, CA 90002-1122

    • Commercial land
    • 0.09 lot acres
    OFF-MARKET
    Last Sale
    Jan 19, 2024
    $600,000
    Value Estimations
    $600,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-9537912
    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

    • Commercial land

    Property Details for 8802 Central Ave

    Lot size
    0.09 lot acres
    Zone code
    LAC2
    Property type
    Commercial land
    APN
    6043-004-014
    APU
    6043004014

    Description

    This exceptional 12,014 square foot corner lot presents a unique investment opportunity in South Los Angeles. Located at 8802 S Central Ave, 90002, this property boasts a C2-1VL-CPIO zoning designation, allowing for diverse development options. The site includes three APNs: 6043-004-014, 6043-004-015, and 6043-004-016, and features a roughly 3,000 square foot existing building in a cold shell condition. A clean Phase II environmental report is available. The asking price is $1,050,000, translating to approximately $87.40 per square foot of land and $22,340 per buildable door. Under the TOC menu, the site is eligible for up to 47 residential units, with a 50% density bonus. Alternatively, the flexible C2 zoning allows for various commercial developments. This prime location is situated at the intersection of S. Central Avenue and 88th Street, a main retail corridor with national and local businesses nearby. The property is also eligible for ED1 as a 100% affordable project, streamlining the entitlement and permitting process. This is a motivated seller, considering all reasonable offers. A lease option is also available at $7,800 per month. The property's strategic location and zoning flexibility make it an ideal investment for developers seeking high-density residential or commercial projects.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $600,000
      ML approach
      $600,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.256
    Latitude
    33.9573
    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
    $362
    $11,500
    $0.00
    $11,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.06 Acres

      8720 Central Ave

      VACANT COMMERCIAL LAND • 0.06 Acres
      8720 Central Ave, Los Angeles, CA 90002-1114
      View Details
    • Value Estimation by Request
      0.07 Acres

      8771 Central Ave

      VACANT COMMERCIAL LAND • 0.07 Acres
      8771 Central Ave, Los Angeles, CA 90002-1121
      View Details
    • Value Estimation by Request
      0.04 Acres

      600 107th St

      VACANT COMMERCIAL LAND • 0.04 Acres
      600 107th St, Los Angeles, CA 90002-3443
      View Details
    • Value Estimation by Request
      0.01 Acres

      Los Angeles, CA 90002

      VACANT COMMERCIAL LAND • 0.01 Acres
      Los Angeles, CA 90002
      View Details
    • Value Estimation by Request
      0.70 Acres

      Los Angeles, CA 90002

      VACANT COMMERCIAL LAND • 0.70 Acres
      Los Angeles, CA 90002
      View Details
    • Value Estimation by Request
      0.07 Acres

      Los Angeles, CA 90002

      VACANT COMMERCIAL LAND • 0.07 Acres
      Los Angeles, CA 90002
      View Details

    Similar Nearby for Sale

    • $2,100,000
      24,793 SF

      Corner Lot with Freeway Frontage

      Commercial land with freeway frontage and existing structures.
      11507 S Alameda St, Los Angeles, CA 90002
      View Details
    • $2,200,000

      Los Angeles Commercial Land Available

      Commercial land for sale in Los Angeles, California.
      9307 Central Ave S Central, Los Angeles, CA 90002
      View Details
    • $480,000
      Pending

      Residential Land in Los Angeles

      Residential parcel available for development in Los Angeles, California.
      10411 Hickory St, Los Angeles, CA 90002
      View Details
    • $599,000

      Land For Sale Los Angeles

      Land available for sale in Los Angeles, California.
      632 E 87Th Pl, Los Angeles, CA 90002
      View Details
    • $350,000

      Land in Green Meadows Neighborhood

      Land available in Green Meadows neighborhood with immense potential.
      854 87Th St, Los Angeles, CA 90002
      View Details
    • $2,792,930
      32,844 SF

      Industrial Land with Metal Building

      Industrial land with gated yard near major transportation routes.
      9651 S Alameda St, Los Angeles, CA 90002
      View Details

    Similar Nearby for Lease

    • $6,975,000
      46,500 SF

      M2 Zoned Land Available

      Six adjoining parcels totaling 46,500 SF near Alameda Corridor.
      9527 S Alameda St, Los Angeles, CA 90002
      View Details
    • Contact for pricing
      141,132 SF

      3.24 Acres Commercial Land

      3.24 acres of land with superior rail access.
      10019-10047 S Alameda 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
    • $0.59 SF/Yr
      29,244 SF

      Commercial Building with Drive-Through

      Commercial building with drive-through capability on a large lot.
      9109 Miner St, Los Angeles, CA 90002
      View Details
    • Contact for pricing
      114,000 SF

      Freedom Plaza Retail Center

      Los Angeles Shopping Center: Spaces Available
      9901 Alameda St, Los Angeles, CA 90002
      View Details
    • $2 SF/Yr
      3,864 SF

      Westchester Office Space Available

      Office space for rent in Westchester, CA.
      6033 W Century Blvd, Westchester, 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.
    8802 Central Ave
    Los Angeles, CA 90002-1122
    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.