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

    8879 Pico Blvd Los Angeles, CA 90035-5306

    • Investment properties
    • 4,442 SF
    • 0.14 lot acres
    OFF-MARKET
    Value Estimations
    $960,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7069874
    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

    • Red Fish Kitchen / Restaurant
    • Dagoberto Meza Fine Jewelry / (Bike/Boat/Book/etc) Store
    • Hollywood Actors Studio / Theater & Performing Art Venue / Vocational School
    • West 5th Kitchen / Hardware & Home Improvement / Kitchen & Bath Showroom

    Property Details for 8879 Pico Blvd

    Year built
    1949
    Construction
    WOOD
    Lot size
    0.14 lot acres
    Property size
    4,442 SF
    Zone code
    LAC4
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    4332-011-013
    APU
    4332011013

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,330,000
      Current use
      WAREHOUSE, STORAGE
      $1,240,000
      Change: -7% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.385
    Latitude
    34.0554
    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
    $23,925
    $1,328,005
    $603,637
    $1,931,642
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,090,000
      5,865 SF

      1607 La Cienega Blvd

      STORE/OFFICE (MIXED USE) • 5,865 SF
      1607 La Cienega Blvd, Los Angeles, CA 90035-4509
      View Details
    • Value Estimation by Request
      1,442 SF

      1545 Robertson Blvd

      STORE/OFFICE (MIXED USE) • 1,442 SF
      1545 Robertson Blvd, Los Angeles, CA 90035
      View Details
    • Value Estimation
      $1,390,000
      10,753 SF

      8801 Pico Blvd

      STORE/OFFICE (MIXED USE) • 10,753 SF
      8801 Pico Blvd, Los Angeles, CA 90035-3301
      View Details
    • Value Estimation
      $1,535,000
      7,085 SF

      9150 Pico Blvd

      STORE/OFFICE (MIXED USE) • 7,085 SF
      9150 Pico Blvd, Los Angeles, CA 90035-1320
      View Details
    • Value Estimation
      $875,000
      3,850 SF

      9540 Pico Blvd

      STORE/OFFICE (MIXED USE) • 3,850 SF
      9540 Pico Blvd, Los Angeles, CA 90035-1214
      View Details
    • Value Estimation
      $2,400,000
      3,562 SF

      1638 La Cienega Blvd

      STORE/OFFICE (MIXED USE) • 3,562 SF
      1638 La Cienega Blvd, Los Angeles, CA 90035-4532
      View Details

    Similar Nearby for Sale

    • $3,590,000

      Mixed-Use Development Opportunity Near Beverly Hills

      Mixed-use development opportunity near Beverly Hills with RTI permits included.
      1255 S La Cienega Ave, Los Angeles, CA 90035
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    • $4,500,000
      3,450 SF

      3,450 SF Prime West Pico Restaurant/Bakery Opportunity For Sale

      3,450 SF Prime West Pico Restaurant/Bakery Opportunity For Sale
      9060 W Pico Blvd, Los Angeles, CA 90035
      View Details
    • New
      $1,900,000
      Pending

      Pico-Robertson Multifamily Investment Opportunity

      Well-maintained 8-unit apartment building in prime Los Angeles location.
      1448 Stearns Dr, Los Angeles, CA 90035
      View Details
    • $3,475,000
      0.17 Acres

      Beverly Hills Adjacent Vacant Land

      Vacant land suitable for medical, office, and other uses.
      1044 S Robertson Blvd, Los Angeles, CA 90035
      View Details
    • Contact for pricing

      Versatile Los Angeles Commercial Building

      3,716 SF building suitable for office, retail, or school.
      1627 S La Cienega Blvd, Los Angeles, CA 90035
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    • $3,500,000

      Renovated Office/Retail Building with Parking

      Unique, renovated office/retail building with parking on Robertson Boulevard.
      810 S Robertson Blvd, Los Angeles, CA 90035
      View Details

    Similar Nearby for Lease

    • $43 SF/Yr
      5,000 SF

      LA Prime Creative Office Suites

      Historic LA Office, Flexible Spaces
      1436 La Cienega Blvd, Los Angeles, CA 90035
      View Details
    • Contact for pricing
      2,600 SF

      Office Space Available For Rent

      2nd floor office space available in Los Angeles.
      12000-12004 W Pico Blvd, Los Angeles, CA 90035
      View Details
    • Contact for pricing

      La Cienega Boulevard Office Space

      Charming Spanish-style office building near Beverly Hills and Culver City.
      1436 S La Cienega Blvd, Los Angeles, CA 90035
      View Details
    • Contact for pricing

      La Cienega Boulevard Showroom Opportunity

      27,479 SF showroom with gated parking on La Cienega.
      Los Angeles, CA 90035
      View Details
    • Contact for pricing
      1,650 SF

      Retail/Restaurant Space Available

      Retail or restaurant space with ADA restrooms, floor drains.
      8771-8783 W Pico Blvd, Los Angeles, CA 90035
      View Details
    • $6 SF/Yr

      Newly Renovated Retail Space

      Modern retail space with prime location and convenient access.
      1804 South La Cienega Blvd, Los Angeles, CA 90035
      View Details
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    Los Angeles, CA 90035-5306
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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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