Two-Level Office
1063 Colorado Boulevard, Los Angeles, CA 90041
For Sale
$999,000
Pending
LAC4-zoned office property with adaptable workspace, rooftop access, and private parking.
Property Size1,598 SF
Days on Market49
Property Features for 1063 Colorado Boulevard
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Road Access
Amenities
private rooftop terrace
eat-in kitchen
central heating and air conditioning
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Compass
Listed By:
Hooman Morvarid · License #02192053
(818) 355-2700
Source:
Truthrealty
Added: Sep 21
Changed: Nov 5
Last Checked: Nov 6 at 4:24PM
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 Compass
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Investment Insights
Based on property information with market context.
This standalone office building, constructed in 1935, is arranged across two levels with a professional layout suited to owner-user occupancy. The ground floor includes a waiting area, reception zone, eat-in kitchen, multiple offices, restroom, and two storage rooms. Upstairs, an open office area connects to a large private room, full bathroom with shower, and rooftop terrace. Central heating and air conditioning serve the building, which has a maintained exterior.
The property occupies a corner lot at 1063 Colorado Boulevard in Los Angeles, with street-facing signage potential and a gated parking area accessed from Colorado Boulevard. Two additional non-gated parking spaces are located at the upper rear and are reached from Monte Bonito Drive. LAC4 zoning supports the existing office configuration and the range of professional and commercial uses identified for the property.
The property occupies a corner lot at 1063 Colorado Boulevard in Los Angeles, with street-facing signage potential and a gated parking area accessed from Colorado Boulevard. Two additional non-gated parking spaces are located at the upper rear and are reached from Monte Bonito Drive. LAC4 zoning supports the existing office configuration and the range of professional and commercial uses identified for the property.
Key Highlights
- LAC4 zoning supports the existing professional office configuration
- Two‑level layout includes reception, kitchen, private offices, storage, and executive space
- Private rooftop terrace is accessible from the second‑floor suite
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,931
Cap Rate
3.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$758,620
$758.6K
Cap Rate 7%
$541,871
$541.9K
Cap Rate 9%
$421,456
$421.5K
Market Conditions
NOI Build-Up for 1,598 SF
Gross rent
$62.1K $38.88/SF
− Vacancy
−$11.6K −$7.23/SF
EGI
$50.6K $31.65/SF
− OpEx
−$12.6K −$7.91/SF
NOI
$37.9K $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 Rate 5%
$758,620
Cap Rate 7%
$541,871
Cap Rate 9%
$421,456
Alternative Uses
Best Use
Office B
$541.9K
$474.1K – $632.2K
NOI $37,931 @ 7.0% cap · market cap 3.80%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$32.37M
$28.33M – $37.77M
NOI $2,266,216 @ 7.0% cap · market cap 226.85%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
752
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
$1,135,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Los Angeles, CA
Properties on Market for Office buildings in Los Angeles
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - LAC4-zoned office property with adaptable workspace, rooftop access, and private parking.
Where is this office building located?
The property is located at 1063 Colorado Boulevard Los Angeles, CA.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: LAC4 zoning supports the existing professional office configuration; Two‑level layout includes reception, kitchen, private offices, storage, and executive space; Private rooftop terrace is accessible from the second‑floor suite
