Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    939 Serrano Ave Los Angeles, CA 90006-1160
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    939 Serrano Ave Los Angeles, CA 90006-1160

    View on Map
    • High-rise multifamily apartments
    • 59,199 SF
    • 0.45 lot acres
    Off-Market
    Property ID
    US09-6345321
    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.
    Value Estimations
    $1,365,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Linda Vista Apartments / Apartment Building
    • On Your Mark Agency / Advertising Agency / Marketing & Advertising

    Property Details for 939 Serrano Ave

    Year built
    1932
    Construction
    TILT-UP CONCRETE
    Lot size
    0.45 lot acres
    Property size
    59,199 SF
    Zone code
    LAR4
    Property type
    High-rise multifamily apartments
    APN
    5093-009-013
    APU
    5093009013

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.307
    Latitude
    34.0547
    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
    $91,490
    $5,436,279
    $1,690,909
    $7,127,188
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.41 Acres

      1037 Dewey Ave

      HIGH-RISE APARTMENTS • 0.41 Acres
      1037 Dewey Ave, Los Angeles, CA 90006-2607
      View Details
    • Value Estimation
      $8,120,000
      199,495 SF

      1029 Ardmore Ave

      HIGH-RISE APARTMENTS • 199,495 SF
      1029 Ardmore Ave, Los Angeles, CA 90006-2537
      View Details
    • Value Estimation
      $1,400,000
      25,003 SF

      924 Catalina St

      HIGH-RISE APARTMENTS • 25,003 SF
      924 Catalina St, Los Angeles, CA 90006-1527
      View Details
    • Value Estimation
      $5,145,000
      37,434 SF

      1055 Mariposa Ave

      HIGH-RISE APARTMENTS • 37,434 SF
      1055 Mariposa Ave, Los Angeles, CA 90006-2638
      View Details
    • Value Estimation
      $2,470,000
      55,789 SF

      1053 New Hampshire Ave

      HIGH-RISE APARTMENTS • 55,789 SF
      1053 New Hampshire Ave, Los Angeles, CA 90006-2121
      View Details
    • Value Estimation by Request
      3,364 SF

      964 Normandie Ave

      HIGH-RISE APARTMENTS • 3,364 SF
      964 Normandie Ave, Los Angeles, CA 90006-1310
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Ready-to-Issue Affordable Housing Development

      Shovel-ready, 90-unit affordable housing development opportunity in Los Angeles.
      2716 James M Wood Blvd, Los Angeles, CA 90006
      View Details
    • $949,000
      2,858 SF

      Los Angeles Investment Property Quadruplex

      Five-unit investment property in Pico-Union with development potential.
      1321 Fedora St, Los Angeles, CA 90006
      View Details
    • $1,800,000
      5,610 SF

      Mixed-Use Building Near South Park

      Well-maintained mixed-use building with warehouse, offices, and apartment.
      1447-1453 Malvern Ave, Los Angeles, CA 90006
      View Details
    • Contact for pricing
      2,928 SF

      Korea Town Multifamily Investment Opportunity

      Charming 5-unit commercial complex in Korea Town with income potential.
      1050 S Berendo St, Los Angeles, CA 90006
      View Details
    • New
      $2,899,000
      6,448 SF

      Development Opportunity in Los Angeles

      Two corner properties totaling 12,400+/- SF lot for development.
      1056 S Serrano Ave, Los Angeles, CA 90006
      View Details
    • $3,320,000
      7,310 SF

      Luxury Multifamily Property, Los Angeles

      New construction, five-unit multifamily property in a growing Los Angeles neighborhood.
      1518 Magnolia Ave, Los Angeles, CA 90006
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      High Visibility Olympic Blvd Location

      Prime location on Olympic Blvd, near Downtown L.A.
      2300 W Olympic Blvd, Los Angeles, CA 90006
      View Details
    • Contact for pricing
      47,207 SF

      Warehouse with Freeway Access

      Warehouse with immediate access to major freeways and secure yard.
      2303 E 11Th St, Los Angeles, CA 90006
      View Details
    • Contact for pricing

      Retail Space on Western Avenue

      Retail space in a bustling West Adams commercial corridor.
      1700 S Western Ave, Los Angeles, CA 90006
      View Details
    • Contact for pricing

      Manufacturing Building with Secured Yard

      M2 Zoned manufacturing building with secured yard available for rent.
      3045 E 11Th St, Los Angeles, CA 90006
      View Details
    • $2 SF/Yr
      717 SF

      Retail Space Available For Rent

      Retail space available for lease in Los Angeles, CA.
      2101 W Pico Blvd, Los Angeles, CA 90006
      View Details
    • Contact for pricing
      11,918 SF

      Industrial Building with Fenced Yard

      Renovated industrial building featuring high ceilings and fenced yard.
      2430-2438 E 11Th St, Los Angeles, CA 90006
      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.
    939 Serrano Ave
    Los Angeles, CA 90006-1160
    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.
    Sign Up Successful!
    You now have access to more from Realmo!