Executive Office
For Sale
$2,100,000
930 Colorado Boulevard 1, Los Angeles, CA 90041
Corner office building includes executive offices, reception area, kitchenette, and storage facilities.
Property Size4,790 SF
Days on Market1054
Property Features for 930 Colorado Boulevard 1
General Information
Standard status
Active
Size
4,790 SF
Property subtype
Office
Amenities
executive offices
reception/waiting area
kitchenette
storage facilities
Building Details
Building Size
4,790 SF
Year Built
1981
Listing Agency:
TOLJ Commercial Real Estate Se 323-317-2561 Overview Additional information MLS R ID PF23199508 Interior features Cooling Yes Heating Yes Exterior features Lot Size 0.65 Acres Other property details Archetype Realty Request a tour Contact agent Request a tour Contact agent Listed by Mike Tolj CA DRE# 01373646 with TOLJ Commercial Real Estate Se 323-317-2561
Listed By:
Mike Tolj CA DRE# 01373646 · License #01373646
(323) 258-4946
Source:
Archetyperealty
Added: Oct 25, 2023
Changed: Sep 8
Last Checked: Sep 12 at 10:09AM
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 TOLJ Commercial Real Estate Se 323-317-2561 Overview Additional information MLS R ID PF23199508 Interior features Cooling Yes Heating Yes Exterior features Lot Size 0.65 Acres Other property details Archetype Realty Request a tour Contact agent Request a tour Contact agent Listed by Mike Tolj CA DRE# 01373646 with TOLJ Commercial Real Estate Se 323-317-2561
Investment Insights
Based on property information with market context.
This office building is offered for sale and serves as the cornerstone of a condominium complex. Interior features include executive offices, a welcoming reception or waiting area, a convenient kitchenette, and dedicated storage facilities.
As a corner asset within a condominium complex, the property is positioned as a distinct office presence for occupants who want a dedicated suite-like setup within the broader building structure.
The layout is designed around client-facing reception space and private office areas, supported by on-site kitchenette convenience and storage for day-to-day operations.
As a corner asset within a condominium complex, the property is positioned as a distinct office presence for occupants who want a dedicated suite-like setup within the broader building structure.
The layout is designed around client-facing reception space and private office areas, supported by on-site kitchenette convenience and storage for day-to-day operations.
Key Highlights
- Corner office building for sale
- Includes executive offices
- Features a reception/waiting area
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
$113,697
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
5.41%
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%
$2,273,940
$2.3M
Cap Rate 7%
$1,624,243
$1.6M
Cap Rate 9%
$1,263,300
$1.3M
Market Conditions
NOI Build-Up for 4,790 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
$186.2K $38.88/SF
− Vacancy
−$34.6K −$7.23/SF
EGI
$151.6K $31.65/SF
− OpEx
−$37.9K −$7.91/SF
NOI
$113.7K $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%
$2,273,940
Cap Rate 7%
$1,624,243
Cap Rate 9%
$1,263,300
Alternative Uses
Best Use
Office B
$1.62M
$1.42M – $1.89M
NOI $113,697 @ 7.0% cap · market cap 5.41%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$97.04M
$84.91M – $113.22M
NOI $6,792,977 @ 7.0% cap · market cap 323.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
655
Businesses Nearby
Explore this area
Business Placement
Demographics for 90041, CA
26,654
Population
10,425
Households
2.6
Avg Household Size
41
Median Age
52%
College-Educated
92%
High-School Grad
3.6 sq mi
ZIP Area
7,404
Density / Sq Mi
$111,834
Median Household Income
$54,443
Median Earnings
$1,797
Median Rent
$1,135,200
Median Home Value
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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 - Corner office building includes executive offices, reception area, kitchenette, and storage facilities.
Where is this office building located?
The property is located at 930 Colorado Boulevard 1 Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Corner office building for sale; Includes executive offices; Features a reception/waiting area
