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    Creative Office Building on Sunset Title is generated by Realmo AI

    2154 W Sunset Blvd, Los Angeles, CA

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    Creative office building with rooftop terrace for sale.

    Type:OFFICE
    Property size:
    15,534 SF
    Lot size:
    0.29 Acres
    Price / SF:
    $418/SF
    Added:
    Apr 25, 2024
    Days on Market:
    776
    Last Refresh:
    May 20 at 8:48 pm

    Property Features for 2154 W Sunset Blvd

    General Information

    Standard status
    Active
    Size
    15,534 SF
    Lot size
    0.29 Acres
    Property subtype
    OFFICE

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    Listing Contact
    John Anthony
    John Anthony

    Listing agent Chris Steck License #01226464

    Listing office Kidder Mathews

    Listing date Apr 25, 2024

    Source Moodyscre

    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

    HighLights

    • Stunning creative office building
    • Located on Sunset
    • Owner‑user opportunity
    • Enjoy the 4,500 SF rooftop terrace
    • For sale

    Overview

    This is a creative office building available for sale. The property features 15,534 square feet of space and includes a 4,500 square foot rooftop terrace. It is located on Sunset Boulevard and is suitable for an owner-user.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $604.0k $38.88
    − Vacancy −$112.3k −$7.23
    EGI $491.6k $31.65
    − OpEx −$122.9k −$7.91
    NOI $368.7k $23.74
    15,534 SF · lease $38.88/SF/yr · vacancy 18.60% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $5.27M
    $4.61M – $6.15M (±1% cap)
    NOI $368,719 @ 7.0% cap · market cap 5.67%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Multifamily LT 5
    $314.71M
    $275.37M – $367.16M (±1% cap)
    NOI $22,029,666 @ 7.0% cap · market cap 338.92%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    PETA Charitable Organization

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.266
    Latitude
    34.0774

    FAQs

    What type of property is this?
    Office building - Creative office building with rooftop terrace for sale.
    Where is this office building located?
    The property is located at 2154 W Sunset Blvd Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $6,500,000.
    What are key features of this property?
    This property features: Stunning creative office building; Located on Sunset; Owner‑user opportunity
    (213) 421-1400 Call to check price and availability
    More about this property
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