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    11150 W Olympic Blvd, Los Angeles, CA 90064 Los Angeles, CA 90064

    Sponsored
    For Lease
    Contact for pricing

    Premium West LA office space with stunning city & ocean views.

    Lot size:
    40,449 SF

    Description

    Added:
    Jan 22, 2025
    Days on Market:
    364
    This eleven-story Class-A office building, located at 11150 W Olympic Blvd, Los Angeles, CA 90064, offers 40,449 rentable square feet of exceptional office space. Enjoy breathtaking panoramic views of the Pacific Ocean, Downtown Los Angeles, Century City, and Beverly Hills. The building's prime location provides unparalleled freeway visibility from the 405 freeway and convenient access to both the 405 and I-10 freeways, ensuring seamless commutes for employees. Further enhancing accessibility is its proximity to the Metro Expo Line Station. Building amenities include controlled access, on-site property management, a state-of-the-art security system, and ample storage space. The building is Energy Star labeled and features prominent monument signage. This is a truly exceptional opportunity to secure prestigious office space in one of Los Angeles' most desirable locations. Available space ranges from 1,645 to 40,449 square feet. Monthly rental rates are available upon request.

    Property Features for 11150 W Olympic Blvd, Los Angeles, CA 90064

    General Information

    Property type
    Office buildings
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    40,449 SF
    Class
    A
    Elevators
    N/A

    Building Details

    Year Built/Renovated
    1985/1996
    Stories
    11

    We can help!

    Listing Contact
    Craig Newlands

    Learn more

    HighLights

    • Class‑A office building in West Los Angeles with 11 stories offering stunning city and ocean views.
    • Convenient freeway access via the 405 and I‑10 freeways, plus proximity to the Metro Expo Line.
    • Features include controlled access, on‑site property management, and energy‑efficient design (Energy Star Labeled).
    Property Profile Location Intelligence

    Current Use by Public Records

    Producers Guild of America Non-Profit Organization Trusted Affordable Electrician ... Electrician Luca Jacoli #1 ... Real Estate Agent Elliott R Speiser ... Attorney Torkian Construction Construction Company

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    City
    Los Angeles
    State
    California

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    FAQs

    What type of property is this?
    Office building - Premium West LA office space with stunning city & ocean views.
    Where is this office building located?
    The property is located at 11150 W Olympic Blvd, Los Angeles, CA 90064 Los Angeles, CA.
    What are key features of this property?
    This property features: Class-A office building in West Los Angeles with 11 stories offering stunning city and ocean views.; Convenient freeway access via the 405 and I-10 freeways, plus proximity to the Metro Expo Line.; Features include controlled access, on-site property management, and energy-efficient design (Energy Star Labeled).
    (310) 255-7777
    Request Owner's contact information
    11150 W Olympic Blvd, Los Angeles, CA 90064 Los Angeles, CA 90064
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    Los Angeles, CA 90064
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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
    11150 W Olympic Blvd, Los Angeles, CA 90064 Los Angeles, CA 90064
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    We can help!
    Listing Contact
    Craig Newlands
    (310) 255-7777
    Learn more
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