Sunset Boulevard Commercial
For Sale
Contact for pricing
1176 Sunset Blvd, Los Angeles, CA 90012
Commercial property on Sunset Blvd in Echo Park.
Property Size7,125 SF
Price / SF$419.65
Days on Market200
Property Features for 1176 Sunset Blvd
General Information
Standard status
Active
Size
7,125 SF
Class
B
Property subtype
Office
Zoning
LAC2
Investment Type
Owner/User
Building Details
Year Built
1982
Buildings
1
Stories
2
Units
10
Listing Agency:
Kidder Mathews Los Angeles
(213) 225-7218
Listed By:
John Anthony · License #CA 01226464
Source:
Crexi
Added: Jan 28
Changed: Aug 10
Last Checked: Aug 13 at 4:52AM
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 Los Angeles
Investment Insights
Based on property information with market context.
Located on Sunset Boulevard, this commercial property is situated in a well-positioned commercial corridor within the Echo Park neighborhood. The property is located in a creative business environment surrounded by media, design, and emerging enterprises. The location benefits from strong demographics and consistent foot and vehicle traffic along Sunset Boulevard. The property has a size of 7125 square feet.
Key Highlights
- Premium Sunset Boulevard address in Echo Park
- Well‑positioned in a thriving commercial corridor
- Vibrant and culturally rich neighborhood
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
$169,121
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
5.66%
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%
$3,382,420
$3.4M
Cap Rate 7%
$2,416,014
$2.4M
Cap Rate 9%
$1,879,122
$1.9M
Market Conditions
NOI Build-Up for 7,125 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
$277.0K $38.88/SF
− Vacancy
−$51.5K −$7.23/SF
EGI
$225.5K $31.65/SF
− OpEx
−$56.4K −$7.91/SF
NOI
$169.1K $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%
$3,382,420
Cap Rate 7%
$2,416,014
Cap Rate 9%
$1,879,122
Alternative Uses
Best Use
Office B
$2.42M
$2.11M – $2.82M
NOI $169,121 @ 7.0% cap · market cap 5.66%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$144.35M
$126.30M – $168.41M
NOI $10,104,376 @ 7.0% cap · market cap 337.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,347
Businesses Nearby
Explore this area
Business Placement
Demographics for 90012, CA
33,851
Population
16,541
Households
2
Avg Household Size
37
Median Age
39%
College-Educated
77%
High-School Grad
3.6 sq mi
ZIP Area
9,403
Density / Sq Mi
$67,635
Median Household Income
$44,901
Median Earnings
$2,116
Median Rent
$686,400
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 - Commercial property on Sunset Blvd in Echo Park.
Where is this office building located?
The property is located at 1176 Sunset Blvd Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,990,000.
What are key features of this property?
This property features: Premium Sunset Boulevard address in Echo Park; Well‑positioned in a thriving commercial corridor; Vibrant and culturally rich neighborhood
