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

    945 62nd Pl Los Angeles, CA 90044-5411

    • Apartment buildings
    • 4,096 SF
    • 0.28 lot acres
    OFF-MARKET
    Last Sale
    Jun 07, 2024
    $1,450,000
    Value Estimations
    $1,450,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7839339
    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 945 62nd Pl

    Year built
    1925
    Construction
    WOOD
    Lot size
    0.28 lot acres
    Property size
    4,096 SF
    Zone code
    LARD2
    Property type
    Apartment buildings
    APN
    6004-014-012
    APU
    6004014012

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,450,000
      ML approach
      $1,450,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,080,000
      Market price range: $436k - $1.08M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $2,225,000
      OFFICE BUILDING
      $2,055,000
      MEDICAL BUILDING
      $1,865,000
      NEIGHBORHOOD: SHOPPING CENTER
      $1,735,000
      WAREHOUSE, STORAGE
      $1,145,000
      RETAIL STORES
      $1,140,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.291
    Latitude
    33.983
    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
    $13,797
    $870,437
    $174,085
    $1,044,522
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $585,000
      7,882 SF

      732 Laconia Blvd

      APARTMENT HOUSE (5+ UNITS) • 7,882 SF
      732 Laconia Blvd, Los Angeles, CA 90044-3882
      View Details
    • Value Estimation by Request
      5,574 SF

      11419 New Hampshire Ave

      APARTMENT HOUSE (5+ UNITS) • 5,574 SF
      11419 New Hampshire Ave, Los Angeles, CA 90044-6553
      View Details
    • Value Estimation by Request
      4,377 SF

      1115 110th St

      APARTMENT HOUSE (5+ UNITS) • 4,377 SF
      1115 110th St, Los Angeles, CA 90044-1556
      View Details
    • Value Estimation by Request
      10,284 SF

      1254 110th St

      APARTMENT HOUSE (5+ UNITS) • 10,284 SF
      1254 110th St, Los Angeles, CA 90044-1458
      View Details
    • Value Estimation by Request
      6,788 SF

      605 80th St

      APARTMENT HOUSE (5+ UNITS) • 6,788 SF
      605 80th St, Los Angeles, CA 90044-5935
      View Details
    • Value Estimation
      $525,000
      13,546 SF

      510 87th St

      APARTMENT HOUSE (5+ UNITS) • 13,546 SF
      510 87th St, Los Angeles, CA 90044-5747
      View Details

    Similar Nearby for Sale

    • $1,395,000
      4,462 SF

      Vermont Knolls Multifamily Investment

      8-unit multifamily property in Vermont Knolls neighborhood of South Los Angeles.
      732 W 76Th St, Los Angeles, CA 90044
      View Details
    • $2,100,000
      4,918 SF

      Los Angeles 5-Unit Income Property

      Turnkey 5-unit property with remodeled units and new ADUs.
      9307 S Budlong Ave, Los Angeles, CA 90044
      View Details
    • $1,285,000
      3,337 SF

      Remodeled 5-Unit Multifamily Property

      Well-maintained, fully occupied 5-unit property with high cash flow.
      1043 W 95Th St, Los Angeles, CA 90044
      View Details
    • $1,070,000
      2,864 SF

      Los Angeles Bungalow-Style Income Property

      Six charming bungalow units with income potential in Los Angeles.
      726 W 76Th St, Los Angeles, CA 90044
      View Details
    • $6,400,000
      0.19 Acres

      Los Angeles 10-Unit Apartment Complex

      Prime Athens location, value-add opportunity.
      11503 New Hampshire Ave, Los Angeles, CA 90044
      View Details
    • $1,200,000

      South Los Angeles Multifamily Opportunity

      11-unit multifamily property in South Los Angeles with upside potential.
      836 W 66Th St, Los Angeles, CA 90044
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      204,547 SF

      Industrial Property Near Ports

      Industrial property with 20 door positions and ample parking.
      20333-20335 S Normandie Ave, Los Angeles, CA 90044
      View Details
    • Contact for pricing
      220,706 SF

      Vermont Avenue Trailer Parking Available

      Large concrete yard with trailer parking in Los Angeles.
      19401 S Vermont Ave, Los Angeles, CA 90044
      View Details
    • Contact for pricing
      17,396 SF

      Manufacturing/Distribution Building with Recent Refurbishment

      Sublease opportunity through 9/30/2028, ideal for manufacturing or distribution.
      1247-1249 E 58Th Pl, Los Angeles, CA 90044
      View Details
    • Contact for pricing
      30,000 SF

      Industrial Space in Goodyear Tract

      Industrial space suitable for manufacturing with heavy power.
      711 E 59Th St, Los Angeles, CA 90044
      View Details
    • $1.65 SF/Yr
      123,569 SF

      Torrance Warehouse with Office Space

      Class A warehouse with two-story office near LA ports.
      20100 S Vermont Ave, Los Angeles, CA 90044
      View Details
    • $0.64 SF/Yr
      55,000 SF

      Secure Contractor's Yard for Rent

      Secure yard space with utilities, suitable for contractor's equipment.
      1954 E 64Th St, Los Angeles, CA 90044
      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.
    945 62nd Pl
    Los Angeles, CA 90044-5411
    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.