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

    947 49th St Los Angeles, CA 90037-2933

    • Parking lots & garages
    • 5,850 SF
    • 0.13 lot acres
    OFF-MARKET
    Last Sale
    Dec 29, 2022
    $1,885,018
    Value Estimations
    $2,015,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-9595725
    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

    • Parking lots & garages

    Property Details for 947 49th St

    Year built
    1971
    Construction
    WOOD
    Lot size
    0.13 lot acres
    Property size
    5,850 SF
    Zone code
    LARD2
    Property type
    Parking lots & garages
    APN
    5018-012-017
    APU
    5018012017

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,200,000
      ML approach
      $2,085,000

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $3,180,000
      OFFICE BUILDING
      $2,935,000

    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
    33.999
    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
    $7,235
    $576,810
    $0.00
    $576,810
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      6,000 SF

      3920 Broadway

      PARKING LOT • 6,000 SF
      3920 Broadway, Los Angeles, CA 90037
      View Details
    • Value Estimation by Request
      4,400 SF

      612 58th St

      PARKING LOT • 4,400 SF
      612 58th St, Los Angeles, CA 90037-4032
      View Details
    • Value Estimation by Request
      8,450 SF

      4415 Hoover St

      PARKING LOT • 8,450 SF
      4415 Hoover St, Los Angeles, CA 90037-3005
      View Details
    • Value Estimation by Request
      7,000 SF

      3954 Figueroa St

      PARKING LOT • 7,000 SF
      3954 Figueroa St, Los Angeles, CA 90037-1208
      View Details
    • Value Estimation by Request
      5,400 SF

      1219 58th St

      PARKING LOT • 5,400 SF
      1219 58th St, Los Angeles, CA 90037
      View Details
    • Value Estimation by Request
      4,920 SF

      4716 Normandie Ave

      PARKING LOT • 4,920 SF
      4716 Normandie Ave, Los Angeles, CA 90037-2855
      View Details

    Similar Nearby for Sale

    • $1,800,000
      6,750 SF

      Mixed-Use Property in Los Angeles

      Mixed-use property with commercial, residential units, and billboard income.
      4529 S Vermont Ave, Los Angeles, CA 90037
      View Details
    • $799,000

      Mixed-Use Income Property Opportunity

      Three-unit property with commercial zoning and development potential.
      4815 S Normandie Ave, Los Angeles, CA 90037
      View Details
    • $999,999
      3,191 SF

      Fully Occupied Mixed-Use Asset

      Mixed-use property with retail and residential units in Los Angeles.
      4071 Main St, Los Angeles, CA 90037
      View Details
    • New
      $2,450,000
      11,568 SF

      Mixed-Use Building Value-Add Opportunity

      29-unit mixed-use property in rapidly improving South Los Angeles.
      5734 S Broadway, Los Angeles, CA 90037
      View Details
    • $200,000

      Established Restaurant Business Opportunity

      Turnkey restaurant for sale in high-traffic Los Angeles location.
      4419 Normandie Ave, Los Angeles, CA 90037
      View Details
    • New
      $1,600,000
      10,066 SF

      Mixed-Use Portfolio in Los Angeles

      Mixed-use portfolio with residential and retail opportunities in Los Angeles.
      W 50Th St, Los Angeles, CA 90037
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      5,650 SF

      Prime Los Angeles Office Space

      Historic building, 2,800 sq ft available
      4718 Normandie Ave, Los Angeles, CA 90037
      View Details
    • $19 SF/Yr
      11,896 SF

      Prime Broadway Retail Space

      Los Angeles retail space for lease.
      4120 Broadway, Los Angeles, CA 90037
      View Details
    • $943 /Mo

      Retail Space Near Vermont Square

      Commercial lease unit with handicap access and parking.
      5018 S Vermont Ave, Los Angeles, CA 90037
      View Details
    • $1.65 SF/Yr
      2,000 SF

      Heavy Traffic Retail Location

      Heavy Traffic Retail Location
      4120 S Broadway, Los Angeles, CA 90037
      View Details
    • Contact for pricing

      Land Near Banc of California Stadium

      Commercial land for rent with approved development plan.
      3930 S Figueroa St, Los Angeles, CA 90037
      View Details
    • $17 SF/Yr
      13,200 SF

      Los Angeles Warehouse - 13,200 SF

      Spacious industrial warehouse, 6 drive-ins, 12 parking.
      3837 Broadway Pl, Los Angeles, CA 90037
      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.
    947 49th St
    Los Angeles, CA 90037-2933
    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.