Office Suite in Historic
For Sale
Contact for pricing
1324 Wilshire Boulevard #3A, Los Angeles, CA 90017
Partially built-out space includes hardwood flooring, natural light, and air conditioning.
Property Size10,514 SF
Price / SF$0.15
Days on Market18
Property Features for 1324 Wilshire Boulevard #3A
General Information
Standard status
Active
Size
10,514 SF
Property subtype
Commercial
Site & Location
Neighborhood
Westlake
Highway Access
Yes
Public Transit
Yes
Additional Details
Property Use
Office
Amenities
natural light
hardwood floors
air conditioning
excellent walkability
24-hour access
signage opportunities
Building Details
Year Built
1929
Stories
2
Listing Agency:
Royal Real Estate, Inc
(747) 333-5511
Listed By:
Yulia Mashayekhi · License #01979259
Source:
Jackmarealestate
Added: Oct 12
Changed: Oct 28
Last Checked: Oct 28 at 4:12PM
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 Royal Real Estate, Inc
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Investment Insights
Based on property information with market context.
This two-story office building, constructed in 1929, contains suites with approximately 800 to 1,000 square feet available. The spaces are partially built out and feature hardwood floors, natural light, and air conditioning. The property totals 10,514 square feet and offers 24-hour access, reserved parking, and signage opportunities.
The building fronts Wilshire Boulevard in Los Angeles’ City West district. Walk Score is 94 and Transit Score is 95. The location provides access to the 110 and 10 freeways and is surrounded by dining, retail, and hospitality businesses.
The building fronts Wilshire Boulevard in Los Angeles’ City West district. Walk Score is 94 and Transit Score is 95. The location provides access to the 110 and 10 freeways and is surrounded by dining, retail, and hospitality businesses.
Key Highlights
- Available suites range from approximately 800 to 1,000 square feet
- 10,514‑square‑foot, two‑story office building constructed in 1929
- Hardwood floors, natural light, and air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$249,563
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,991,260
$5.0M
Cap Rate 7%
$3,565,186
$3.6M
Cap Rate 9%
$2,772,922
$2.8M
Market Conditions
NOI Build-Up for 10,514 SF
Gross rent
$408.8K $38.88/SF
− Vacancy
−$76.0K −$7.23/SF
EGI
$332.8K $31.65/SF
− OpEx
−$83.2K −$7.91/SF
NOI
$249.6K $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 Rate 5%
$4,991,260
Cap Rate 7%
$3,565,186
Cap Rate 9%
$2,772,922
Alternative Uses
Best Use
Office B
$3.57M
$3.12M – $4.16M
NOI $249,563 @ 7.0% cap · market cap 15,597.69%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$213.01M
$186.38M – $248.51M
NOI $14,910,513 @ 7.0% cap · market cap 931,907.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
11,002
Businesses Nearby
Explore this area
Business Placement
Demographics for 90017, CA
27,295
Population
15,953
Households
1.7
Avg Household Size
33
Median Age
36%
College-Educated
72%
High-School Grad
0.7 sq mi
ZIP Area
38,993
Density / Sq Mi
$51,317
Median Household Income
$35,076
Median Earnings
$1,669
Median Rent
$675,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Partially built-out space includes hardwood flooring, natural light, and air conditioning.
Where is this office unit located?
The property is located at 1324 Wilshire Boulevard #3A Los Angeles, CA.
What are key features of this property?
This property features: Available suites range from approximately 800 to 1,000 square feet; 10,514‑square‑foot, two‑story office building constructed in 1929; Hardwood floors, natural light, and air conditioning
