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

    926 Sycamore Ave Los Angeles, CA 90038-2300

    • Office buildings
    • 106,334 SF
    • 1.36 lot acres
    OFF-MARKET
    Value Estimations
    $25,815,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-9004070
    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

    • Kobalt / Music Publisher
    • 926 N Sycamore Ave Garage / Parking Lot
    • RRG Capital Management (RRG) / Private Equity Firm / Agricultural Organization
    • Formula Fig WeHo / Medical Spa
    • Ex Nihilo Paris / Perfume Store / Cosmetics And Perfumes Supplier

    Property Details for 926 Sycamore Ave

    Year built
    1951
    Construction
    CONCRETE
    Lot size
    1.36 lot acres
    Property size
    106,334 SF
    Zone code
    LAMR1
    Property type
    Office buildings
    APN
    5532-010-066
    APU
    5532010066

    Description

    926 Sycamore Avenue in Los Angeles offers exceptional Class A creative office space. This six-story, 2021-built building boasts 91,046 square feet of total space, with 18,794 square feet currently vacant. Ideal for multiple tenants, the building offers flexible space options ranging from a minimum of 2,592 square feet to a maximum contiguous space of 10,692 square feet. The high ceilings, measuring 12 feet, create a spacious and inspiring work environment. Located in Los Angeles County, CA, 90038, on North Sycamore Avenue between Romaine Street and Willoughby Avenue, this property provides convenient access to various amenities and transportation options. The building features ample parking, with a ratio of 3 parking spaces per 1,000 square feet. This state-of-the-art building is perfect for businesses seeking a modern and functional workspace in a vibrant Los Angeles location. The property's prime location and flexible space options make it an excellent opportunity for companies of all sizes. Inquire today to learn more about the available spaces and lease terms.

    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
    -118.342
    Latitude
    34.0877
    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
    $598,666
    $19,076,016
    $28,517,564
    $47,593,580
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,200,000
      9,330 SF

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      OFFICE BUILDING • 9,330 SF
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    • Value Estimation
      $870,000
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      751 Highland Ave

      OFFICE BUILDING • 4,016 SF
      751 Highland Ave, Los Angeles, CA 90038-3414
      View Details
    • Value Estimation
      $1,920,000
      6,006 SF

      6424 Santa Monica Blvd

      OFFICE BUILDING • 6,006 SF
      6424 Santa Monica Blvd, Los Angeles, CA 90038-1513
      View Details
    • Value Estimation
      $6,390,000
      18,917 SF

      6700 Santa Monica Blvd

      OFFICE BUILDING • 18,917 SF
      6700 Santa Monica Blvd, Los Angeles, CA 90038-1203
      View Details
    • Value Estimation
      $3,555,000
      20,250 SF

      6025 Santa Monica Blvd

      OFFICE BUILDING • 20,250 SF
      6025 Santa Monica Blvd, Los Angeles, CA 90038-1800
      View Details
    • Value Estimation
      $27,955,000
      93,477 SF

      1001 Orange Dr

      OFFICE BUILDING • 93,477 SF
      1001 Orange Dr, Los Angeles, CA 90038
      View Details

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    Similar Nearby for Lease

    • Contact for pricing

      Leased Office Building in Los Angeles

      Fully leased office building; no current availability.
      959 Seward St, Los Angeles, CA 90038
      View Details
    • $2 SF/Yr
      1,734 SF

      Melrose Avenue Stand-Alone Office Building

      Stand-alone office building on Melrose, ideal for creative use.
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      Fully Leased Office Building

      Office building in Los Angeles, currently 100% leased.
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      View Details
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      La Brea Ave Creative Office Spaces

      Prime Los Angeles Creative Office & Retail
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      Hollywood Studio Office Space

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      Creative Space in Hollywood

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      View Details
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    Los Angeles, CA 90038-2300
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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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