Van Nuys Office
14554 Friar St Los Angeles, CA 91411
14554 Friar St, Los Angeles, CA, 91411
$2,000,000
For Sale
$2,000,000
6,112 SF office building in a high-demand location.
Property Size6,112 SF
Lot Size0.16 Acres
Price / SF$327.23
Days on Market130
Property Features for 14554 Friar St
General Information
- Standard status
- Active
- Size
- 6,112 SF
- Lot size
- 0.16 Acres
- Property subtype
- Commercial
Listing Agency
JohnHart Real Estate
(818) 400-1868
Listed by
Mechael Adzhemyan · License #01325511
Source
Elliman
Added: Mar 10 Checked: Jul 17 at 6:25 am
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 JohnHart Real Estate
Investment Insights
Based on property information with market context.
The property at 14554 Friar Street in Van Nuys is a 6,112 square foot office building on a 7,003 square foot lot. Delivered vacant, the building is ready for immediate use or customization. Its location is near the Van Nuys Civic Center and major transit routes, providing visibility and accessibility in a dense, high-demand market. The functional layout is suited for professional offices, medical or dental practices, creative workspaces, or other commercial uses. The zoning supports a range of possibilities for owner-users or investors. This property is located in the heart of the San Fernando Valley.
Key Highlights
- Delivered vacant and ready for immediate use or customization.
- Generous 6,112 square foot office building size.
- Prime location near Van Nuys Civic Center and major transit routes.
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 | $237.6k | $38.88 |
| − Vacancy | −$44.2k | −$7.23 |
| EGI | $193.4k | $31.65 |
| − OpEx | −$48.4k | −$7.91 |
| NOI | $145.1k | $23.74 |
6,112 SF · lease $38.88/SF/yr · vacancy 18.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.07M
$1.81M – $2.42M
NOI $145,076 @ 7.0% cap · market cap 7.25%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$123.83M
$108.35M – $144.46M
NOI $8,667,782 @ 7.0% cap · market cap 433.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - 6,112 SF office building in a high-demand location.
Where is this office building located?
The property is located at 14554 Friar St Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Delivered vacant and ready for immediate use or customization.; Generous 6,112 square foot office building size.; Prime location near Van Nuys Civic Center and major transit routes.
