Three-Story Flex Space
For Sale
Contact for pricing
11426 Ventura Blvd, Studio City, CA 91604
Three-story mixed-use building with office space and storage/garage space for flexible business use.
Property Size6,400 SF
Price / SF$780.47
Days on Market509
Property Features for 11426 Ventura Blvd
General Information
Standard status
Active
Size
6,400 SF
Property subtype
OFFICE
Building Details
Buildings
1
Stories
3
Listing Agency:
Kidder Mathews
(949) 557-5000
Listed By:
Josh Cunningham · License #1802660
(909) 227-6644
Source:
Moodyscre
Added: Apr 25, 2025
Changed: Aug 16
Last Checked: Sep 15 at 9:50AM
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
Investment Insights
Based on property information with market context.
This three-story mixed-use flex building offers a combination of office space and storage/garage space. The layout is designed to support tenants that need both administrative space and practical space for storage, light operational needs, or vehicle-adjacent use.
With a total building area of 6,400 SF, the property provides multiple levels within a single structure, which can be helpful for organizing office functions separately from storage/garage areas. The building’s mixed-use configuration gives occupants flexibility in how they allocate space across floors for day-to-day operations.
With a total building area of 6,400 SF, the property provides multiple levels within a single structure, which can be helpful for organizing office functions separately from storage/garage areas. The building’s mixed-use configuration gives occupants flexibility in how they allocate space across floors for day-to-day operations.
Key Highlights
- Three‑story mixed‑use flex building
- Office space combined with storage/garage space
- Total building size: 6,400 SF
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
$139,899
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
2.80%
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%
$2,797,980
$2.8M
Cap Rate 7%
$1,998,557
$2.0M
Cap Rate 9%
$1,554,433
$1.6M
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
$245.8K $38.40/SF
− Vacancy
−$59.2K −$9.25/SF
EGI
$186.5K $29.15/SF
− OpEx
−$46.6K −$7.29/SF
NOI
$139.9K $21.86/SF
Area
Los Angeles County, CA
Vacancy
24.10%
Lease Rate
$38.40 /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%
$2,797,980
Cap Rate 7%
$1,998,557
Cap Rate 9%
$1,554,433
Alternative Uses
Best Use
Office B
$2.00M
$1.75M – $2.33M
NOI $139,899 @ 7.0% cap · market cap 2.80%
Second Best
Industrial
$1.07M
$934.9K – $1.25M
NOI $74,791 @ 7.0% cap · market cap 1.50%
Theoretical Best
Office A
$3.43M
$3.00M – $4.00M
NOI $239,857 @ 7.0% cap · market cap 4.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,640
Businesses Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Three-story mixed-use building with office space and storage/garage space for flexible business use.
Where is this flex space located?
The property is located at 11426 Ventura Blvd Studio City, CA.
What is the asking price?
The asking price for this property is $4,995,000.
What are key features of this property?
This property features: Three‑story mixed‑use flex building; Office space combined with storage/garage space; Total building size: 6,400 SF
