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    Property profile & analytics

    Los Angeles, CA 90019

    • Apartment buildings
    • 0.12 lot acres
    OFF-MARKET
    Value Estimations
    $270,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-9503471
    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

    Lot size
    0.12 lot acres
    Zone code
    LAC2
    Property type
    Apartment buildings
    APN
    5073-004-015
    APU
    5073004015

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $270,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.314
    Latitude
    34.047
    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
    $234
    $111,760
    $0.00
    $111,760
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $260,000
      0.30 Acres

      1224 Norton Ave

      APARTMENT HOUSE (5+ UNITS) • 0.30 Acres
      1224 Norton Ave, Los Angeles, CA 90019-3197
      View Details
    • Value Estimation
      $325,000
      7,767 SF

      1349 Ogden Dr

      APARTMENT HOUSE (5+ UNITS) • 7,767 SF
      1349 Ogden Dr, Los Angeles, CA 90019-2446
      View Details
    • Value Estimation
      $350,000
      7,200 SF

      1181 Norton Ave

      APARTMENT HOUSE (5+ UNITS) • 7,200 SF
      1181 Norton Ave, Los Angeles, CA 90019-3306
      View Details
    • Value Estimation
      $315,000
      5,582 SF

      1557 Hauser Blvd

      APARTMENT HOUSE (5+ UNITS) • 5,582 SF
      1557 Hauser Blvd, Los Angeles, CA 90019-3959
      View Details
    • Value Estimation
      $325,000
      7,297 SF

      2485 Venice Blvd

      APARTMENT HOUSE (5+ UNITS) • 7,297 SF
      2485 Venice Blvd, Los Angeles, CA 90019-6333
      View Details
    • Value Estimation
      $305,000
      5,610 SF

      1237 Dunsmuir Ave

      APARTMENT HOUSE (5+ UNITS) • 5,610 SF
      1237 Dunsmuir Ave, Los Angeles, CA 90019-2680
      View Details

    Similar Nearby for Sale

    • $1,685,000
      5,824 SF

      Los Angeles 6-Unit Apartment Complex

      Prime Arlington Heights location, strong cash flow, value-add potential.
      1329 2Nd Ave, Los Angeles, CA 90019
      View Details
    • $2,300,000

      Crenshaw Boulevard Investment Opportunity

      Well-maintained 7-unit apartment building in the Crenshaw Boulevard corridor.
      1406 Crenshaw Blvd, Los Angeles, CA 90019
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    • $2,350,000

      Los Angeles Multifamily Investment Opportunity

      Eight-unit building on a large R3 lot in Los Angeles.
      1415 S St Andrews Pl, Los Angeles, CA 90019
      View Details
    • New
      $2,495,000
      6,412 SF

      Los Angeles Multifamily Investment Opportunity

      Eight-unit apartment building with significant income upside potential.
      940 S Gramercy Pl, Los Angeles, CA 90019
      View Details
    • $8,500,000
      30,489 SF

      Mid-City LA Apartment Building

      38-unit value-add opportunity in Los Angeles
      1776 Rimpau Blvd, Los Angeles, CA 90019
      View Details
    • $2,400,000

      Multifamily Building with Modern Features

      Contemporary multifamily building with ADU potential and updated amenities.
      1245 Crenshaw Blvd, Los Angeles, CA 90019
      View Details

    Similar Nearby for Lease

    • $2,500 /Mo
      6,498 SF

      Renovated Apartment in Fairfax Neighborhood

      Recently renovated 2-bedroom apartment in quiet Fairfax neighborhood.
      Ogden Dr, Los Angeles, CA 90019
      View Details
    • $3,425 /Mo

      Historic Victoria Park Upper Duplex

      Spacious 2-bedroom duplex with bonus room in historic Victoria Park.
      4429 Victoria Park Dr, Los Angeles, CA 90019
      View Details
    • Contact for pricing
      9,978 SF

      Pico Blvd Creative Office Space

      West LA Creative Office Opportunity
      5030 Pico Blvd, Los Angeles, CA 90019
      View Details
    • $3,200 /Mo
      1,307 SF

      Mixed-Use Property in Central Los Angeles

      Versatile 1,056 sq ft mixed-use property for lease.
      1641 South Longwood Ave, Los Angeles, CA 90019
      View Details
    • $2 SF/Yr
      2,500 SF

      Crenshaw Boulevard Retail/Office Space

      Retail or office space available for lease on Crenshaw Blvd.
      2821-2825 Crenshaw Blvd, Los Angeles, CA 90019
      View Details
    • $2 SF/Yr
      8,340 SF

      Temperature-Controlled Retail Space Available

      Sublease opportunity in Mid-City Los Angeles with gated yard.
      5470 Pico Blvd, Los Angeles, CA 90019
      View Details
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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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