Three-Story Office
For Sale
Contact for pricing
11426 Ventura Blvd, Los Angeles, CA 91604
Three-story office building with upgraded unit interiors, abundant parking, and a secured street-level roll-up door for vehicles.
Property Size6,400 SF
Price / SF$804.69
Days on Market503
Property Features for 11426 Ventura Blvd
General Information
Standard status
Active
Size
6,400 SF
Class
B
Total Parking Spaces
16
Property subtype
Office
Lease Type
Modified Gross
Investment Type
Owner/User
Additional Details
Drive-In Doors
1
Building Details
Year Built
1989
Year Renovated
2023
Buildings
1
Stories
3
Units
4
Tenancy
Multi
Listing Agency:
Kidder Mathews Orange County
Listed By:
Josh Cunningham · License #CA 01802660
(949) 557-5075
Source:
Crexi
Added: Apr 23, 2025
Changed: Sep 6
Last Checked: Sep 7 at 1:25AM
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 Kidder Mathews Orange County
Investment Insights
Based on property information with market context.
Built in 1989, this three-story office building offers approximately 6,400 square feet of space with upgraded interior build-outs across several units. The property has one existing tenant on short-term leases occupying the second and third floors, providing flexibility for an investor or owner-user and availability for immediate occupancy.
Parking is available off an alley behind the building, with nine dedicated surface spaces plus a unique street-level secured roll-up door adequate for 7+ vehicles and vertical storage.
Located at 11426 Ventura Blvd in the entertainment and media corridor of Studio City, the building is within walking distance to restaurants and service-retail amenities. The remarks also cite a local demo profile and proximity to Burbank airport and Universal Studios. Please do not disturb current tenants; contact the listing broker for touring instructions.
Parking is available off an alley behind the building, with nine dedicated surface spaces plus a unique street-level secured roll-up door adequate for 7+ vehicles and vertical storage.
Located at 11426 Ventura Blvd in the entertainment and media corridor of Studio City, the building is within walking distance to restaurants and service-retail amenities. The remarks also cite a local demo profile and proximity to Burbank airport and Universal Studios. Please do not disturb current tenants; contact the listing broker for touring instructions.
Key Highlights
- 3‑story office building built in 1989 with 6,400 SF
- One existing tenant on short‑term leases for the 2nd and 3rd floors
- Several units feature upgraded interior build‑outs
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
$151,912
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
2.95%
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%
$3,038,240
$3.0M
Cap Rate 7%
$2,170,171
$2.2M
Cap Rate 9%
$1,687,911
$1.7M
Market Conditions
NOI Build-Up for 6,400 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
$248.8K $38.88/SF
− Vacancy
−$46.3K −$7.23/SF
EGI
$202.5K $31.65/SF
− OpEx
−$50.6K −$7.91/SF
NOI
$151.9K $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%
$3,038,240
Cap Rate 7%
$2,170,171
Cap Rate 9%
$1,687,911
Alternative Uses
Best Use
Office B
$2.17M
$1.90M – $2.53M
NOI $151,912 @ 7.0% cap · market cap 2.95%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$129.66M
$113.45M – $151.27M
NOI $9,076,211 @ 7.0% cap · market cap 176.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
1,640
Businesses Nearby
Explore this area
Business Placement
Demographics for 91604, CA
30,947
Population
15,900
Households
1.9
Avg Household Size
40
Median Age
65%
College-Educated
98%
High-School Grad
4.7 sq mi
ZIP Area
6,584
Density / Sq Mi
$141,317
Median Household Income
$72,208
Median Earnings
$2,471
Median Rent
$1,698,900
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 units - Three-story office building with upgraded unit interiors, abundant parking, and a secured street-level roll-up door for vehicles.
Where is this office units located?
The property is located at 11426 Ventura Blvd Los Angeles, CA.
What is the asking price?
The asking price for this property is $5,150,000.
What are key features of this property?
This property features: 3‑story office building built in 1989 with 6,400 SF; One existing tenant on short‑term leases for the 2nd and 3rd floors; Several units feature upgraded interior build‑outs
