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    Boutique Westwood Office Suite Title is generated by Realmo AI

    1033 Gayley Ave Unit 118, Los Angeles, CA 90024

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    1033 Gayley Ave, Suite 118 Los Angeles CA 90024

    Property size:
    1 SF - 242 SF
    Added:
    Mar 26, 2026
    Days on Market:
    47
    Last Refresh:
    Apr 8 at 2:25 pm

    Property Features for 1033 Gayley Ave Unit 118

    General Information

    Standard status
    Active
    Property type
    Office properties & Spaces, Medical Office Space
    Size
    1 SF - 242 SF
    Elevators
    Yes
    Lease Type
    NNN Lease
    Lease Term
    Flexible
    Rate Type
    Yearly

    Building Details

    Stories
    2

    We can help!

    Listing Contact
    John Emrani

    Listing agent John

    Listing office

    Listing date Mar 26, 2026

    Overview

    Located at 1033 Gayley Avenue in Los Angeles, Suite 118 is a 242 square foot boutique professional space. The suite is fully renovated and features high visibility in the heart of Westwood. Designed to function as an independent medical consultation office, it can be combined with adjacent Suite 116 for a combined 645 square foot configuration, depending on availability. Suite 118 includes a professional shared reception area, elegant hardwood flooring, and modern recessed lighting. The suite is built for modularity, along with Suites 116 and 119, allowing for expansion as needed, depending on availability, up to a total of 1095 square feet. Large windows overlook Gayley Avenue and face the Whole Foods Market, providing consistent natural light. The suite is entirely ADA-compliant and wheelchair-accessible. It is move-in-ready and includes finished ceilings between 11 and 12 feet, central air conditioning, drop ceilings, accent lighting, one private office, and plug-and-play capabilities. After-hours HVAC is available. The suite is fully built out as a physical therapy space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Michael S. Zola, ... Dental Office Fisher Kim Medical Clinic Westwood Village Smiles Dental Office Lisa Gao, DDS, ... Dental Office Feldman Alison PHD Physician

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    • Virtis — 11601 Wilshire Blvd 5th Floor, Los Angeles, CA 90025
    • MobiSource — 11620 Wilshire Blvd, Los Angeles, CA 90025
    • Pacific Event Services — 11601 Wilshire Blvd # 500, Los Angeles, CA 90025
    • Magic Game Bus — 1145 Barry Ave #840, Los Angeles, CA 90049
    • I.S. Partners, LLC — 11601 Wilshire Blvd, Los Angeles, CA 90025

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.4477421
    Latitude
    34.061224

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    FAQs

    What type of property is this?
    Office property - 1033 Gayley Ave, Suite 118 Los Angeles CA 90024
    Where is this office property located?
    The property is located at 1033 Gayley Ave Unit 118 Los Angeles, CA.
    (213) 559-2225
    We can help!
    Listing Contact
    John Emrani
    Learn More
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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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