Two-Story Office Condominium
For Sale
$2,100,000
1-930 Colorado Blvd, Los Angeles, CA 90041
Two-story office suite with executive offices, reception, conference room, and 11 assigned parking spaces.
Property Size4,790 SF
Price / SF$438.41
Days on Market1028
Property Features for 1-930 Colorado Blvd
General Information
Standard status
Active
Size
4,790 SF
Total Parking Spaces
11
Additional Details
Highway Access
Yes
Building Details
Stories
2
Listing Agency:
TOLJ Commercial Real Estate Se
(323) 317-2561
Listed By:
Mike Tolj · License #01373646
(323) 317-2561
Source:
Exprealty
Added: Oct 25, 2023
Changed: Aug 9
Last Checked: Aug 16 at 11:47AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of TOLJ Commercial Real Estate Se
Investment Insights
Based on property information with market context.
This two-story office condominium suite is approximately 4,790 square feet and located within a condominium complex comprising a cohesive office community with shared ownership. Office Condominium Suite 1 includes executive offices, a reception area, a kitchenette, multiple storage areas, and additional supporting spaces. The suite also offers a conference room and a collaborative work environment. The property includes 11 assigned parking spaces and sits on a 28,268 square foot lot.
The office is situated in a quiet area described as having trees and hills. It is positioned close to Old Town Pasadena and within reach of retail and dining options. Access to major freeways is noted, including proximity to Route 2-210 and Route 134.
Designed to support professional services, this suite can fit a range of owner-user and investor needs, particularly for businesses that require private offices and shared meeting space. With a reception area, conference room, kitchenette, and on-site storage, the layout is well-suited for teams that want a dedicated office environment within a community of other office users.
The office is situated in a quiet area described as having trees and hills. It is positioned close to Old Town Pasadena and within reach of retail and dining options. Access to major freeways is noted, including proximity to Route 2-210 and Route 134.
Designed to support professional services, this suite can fit a range of owner-user and investor needs, particularly for businesses that require private offices and shared meeting space. With a reception area, conference room, kitchenette, and on-site storage, the layout is well-suited for teams that want a dedicated office environment within a community of other office users.
Key Highlights
- Two‑story office condominium suite totaling approximately 4,790 SF on a 28,268 SF lot
- Suite includes executive offices, reception area, kitchenette, storage, and additional office space
- Conference room and collaborative office setup included within the suite
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$113,697
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.41%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,273,940
$2.3M
Cap Rate 7%
$1,624,243
$1.6M
Cap Rate 9%
$1,263,300
$1.3M
Market Conditions
NOI Build-Up for 4,790 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$186.2K $38.88/SF
− Vacancy
−$34.6K −$7.23/SF
EGI
$151.6K $31.65/SF
− OpEx
−$37.9K −$7.91/SF
NOI
$113.7K $23.74/SF
Area
Los Angeles, CA
Vacancy
18.60%
Lease Rate
$38.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,273,940
Cap Rate 7%
$1,624,243
Cap Rate 9%
$1,263,300
Alternative Uses
Best Use
Office B
$1.62M
$1.42M – $1.89M
NOI $113,697 @ 7.0% cap · market cap 5.41%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$97.04M
$84.91M – $113.22M
NOI $6,792,977 @ 7.0% cap · market cap 323.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
546
Businesses Nearby
Explore this area
Business Placement
Demographics for 90041, CA
26,654
Population
10,425
Households
2.6
Avg Household Size
41
Median Age
52%
College-Educated
92%
High-School Grad
3.6 sq mi
ZIP Area
7,404
Density / Sq Mi
$111,834
Median Household Income
$54,443
Median Earnings
$1,797
Median Rent
$1,135,200
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Two-story office suite with executive offices, reception, conference room, and 11 assigned parking spaces.
Where is this office units located?
The property is located at 1-930 Colorado Blvd Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Two‑story office condominium suite totaling approximately 4,790 SF on a 28,268 SF lot; Suite includes executive offices, reception area, kitchenette, storage, and additional office space; Conference room and collaborative office setup included within the suite
