Two-Level Office
New
For Sale
$999,000
1063 Colorado Boulevard, Los Angeles, CA 90041
LAC4-zoned office property with adaptable workspace, rooftop access, and private parking.
Property Size1,598 SF
Days on Market4
Property Features for 1063 Colorado Boulevard
General Information
Standard status
Active
Size
1,598 SF
Property subtype
COMMERCIAL
Zoning
LAC4
Additional Details
Road Access
Yes
Amenities
private rooftop terrace
eat-in kitchen
central heating and air conditioning
Building Details
Building Size
1,598 SF
Year Built
1935
Buildings
1
Stories
2
Listing Agency:
Compass
Listed By:
Hooman Morvarid · License #02192053
(818) 355-2700
Source:
Truthrealty
Added: Sep 21
Changed: Sep 23
Last Checked: Sep 23 at 2:43AM
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
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 = 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
$37,931
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
3.80%
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%
$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
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
$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 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%
$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.
Property Analytics
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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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
