Freestanding Office
For Sale
$1,100,000
10519 Western Avenue, Los Angeles, CA 90047
Two-story office property with glass frontage, private offices, meeting areas, and gated rear parking.
Property Size3,116 SF
Lot Size0.13 Acres
Price / SF$353.02
Days on Market14
Property Features for 10519 Western Avenue
General Information
Standard status
Active
Size
3,116 SF
Lot size
0.13 Acres
Property subtype
General Commercial
Zoning
LAC2
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
50x115
Gated Community.
Building Details
Buildings
1
Stories
2
Building Size
3,116 SF
Listing Agency:
Jacob, Christopher & Lee Rlty
(310) 674-3863
Listed By:
Ricardo Curtis · License #01464851
Source:
Xome
Added: Jul 27
Changed: Aug 9
Last Checked: Aug 9 at 5:05AM
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 Jacob, Christopher & Lee Rlty
Investment Insights
Based on property information with market context.
This freestanding office building contains approximately 3,116 square feet on a 5,776 square foot LAC2-zoned lot. A two-story glass facade brings natural light into a layout that includes a reception area, private offices, conference and meeting rooms, open work areas, a kitchenette, multiple restrooms, and a central staircase. The configuration can serve one occupant or be adapted for multiple users.
A gated parking area is located behind the building, with additional room for deliveries, equipment, or fleet vehicles. The property is positioned at 10519 Western Avenue in Los Angeles, along a major South Los Angeles commercial corridor with freeway access and proximity to Downtown Los Angeles, Inglewood, SoFi Stadium, LAX, and surrounding business districts.
A gated parking area is located behind the building, with additional room for deliveries, equipment, or fleet vehicles. The property is positioned at 10519 Western Avenue in Los Angeles, along a major South Los Angeles commercial corridor with freeway access and proximity to Downtown Los Angeles, Inglewood, SoFi Stadium, LAX, and surrounding business districts.
Key Highlights
- Approximately 3,116 square feet of office space
- 5,776 square foot LAC2‑zoned lot
- Two‑story glass facade with natural light
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
$73,962
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
6.72%
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%
$1,479,240
$1.5M
Cap Rate 7%
$1,056,600
$1.1M
Cap Rate 9%
$821,800
$821.8K
Market Conditions
NOI Build-Up for 3,116 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
$121.2K $38.88/SF
− Vacancy
−$22.5K −$7.23/SF
EGI
$98.6K $31.65/SF
− OpEx
−$24.7K −$7.91/SF
NOI
$74.0K $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%
$1,479,240
Cap Rate 7%
$1,056,600
Cap Rate 9%
$821,800
Alternative Uses
Best Use
Office B
$1.06M
$924.5K – $1.23M
NOI $73,962 @ 7.0% cap · market cap 6.72%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$63.13M
$55.24M – $73.65M
NOI $4,418,980 @ 7.0% cap · market cap 401.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,811
Businesses Nearby
Explore this area
Business Placement
Demographics for 90047, CA
50,154
Population
18,042
Households
2.8
Avg Household Size
39
Median Age
21%
College-Educated
81%
High-School Grad
4.7 sq mi
ZIP Area
10,671
Density / Sq Mi
$70,187
Median Household Income
$39,898
Median Earnings
$1,492
Median Rent
$648,200
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 building - Two-story office property with glass frontage, private offices, meeting areas, and gated rear parking.
Where is this office building located?
The property is located at 10519 Western Avenue Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Approximately 3,116 square feet of office space; 5,776 square foot LAC2‑zoned lot; Two‑story glass facade with natural light
