Los Angeles, CA CAM Reconciliation Guide
Vacancy rates, property tax system, operating expense benchmarks, and market-specific CAM billing considerations for Los Angeles, CA commercial landlords.
Current Vacancy Rates
Source: CBRE/JLL Q4 2025 Market Reports
Average CAM per Square Foot
Property Tax System
Los Angeles County Assessor
File Assessment Appeal Application with Assessment Appeals Board within 60 days of assessment notice (typically July-November). Prop 13 limits annual increases to 2%.
~1.25% effective rate (Prop 13 base + local overrides)
Key Submarkets
CAM Billing Considerations
- Prop 13 creates dramatic tax basis disparities between long-held and recently traded properties
- Earthquake insurance as CAM pass-through is contentious
- Entertainment industry vacancy concentration in Burbank/Hollywood corridors
- Measure ULA transfer tax (4.45%/5.45%) affects acquisition basis
BOMA Greater Los Angeles
Market Context
Prop 13 creates a unique dynamic where neighboring buildings can have wildly different tax bases, making CAM tax pass-throughs highly variable. Earthquake insurance allocation is a frequent audit finding.
Related Resources
Reconcile Los Angeles, CA Properties
CapVeri accounts for market-specific vacancy, local tax timing, and property-type-specific expense pools in your reconciliation.
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