Multi-Suite Office
For Sale
Contact for pricing
14511 Hamlin St, Los Angeles, CA 91411
Multi-story professional property in a designated Opportunity Zone near the Van Nuys Civic Center.
Property Size10,368 SF
Price / SF$289.35
Days on Market137
Property Features for 14511 Hamlin St
General Information
Standard status
Active
Size
10,368 SF
Property subtype
Office
Occupancy
50%
Financials
Asking Price
$3,000,000
Opportunity Zone
Yes
Additional Details
Public Transit
Yes
Office Units
12
Building Details
Year Built
1961
Buildings
1
Stories
2
Units
12
Building Size
10,368 SF
Tenancy
Multi
Listing Agency:
Centennial Advisers
(714) 231-2537
Listed By:
Edan Shalom · License #CA BR02033047
Source:
Crexi
Added: Apr 17
Changed: Aug 30
Last Checked: Aug 30 at 10:02PM
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 Centennial Advisers
Investment Insights
Based on property information with market context.
Located at 14511 Hamlin Street, this office property contains 10,368 SF within a multi-story building constructed in 1961. The layout includes 12 separate office suites, including designated downstairs units, and supports a range of professional uses.
The property sits in Van Nuys near the Van Nuys Civic Center, with access to the Van Nuys Metrolink and Amtrak stations. It is positioned within a designated Opportunity Zone and currently has 50% physical occupancy. The site is also described as being in proximity to planned transit investment totaling $4.2 billion.
The property sits in Van Nuys near the Van Nuys Civic Center, with access to the Van Nuys Metrolink and Amtrak stations. It is positioned within a designated Opportunity Zone and currently has 50% physical occupancy. The site is also described as being in proximity to planned transit investment totaling $4.2 billion.
Key Highlights
- 10,368 SF office building constructed in 1961
- 12 distinct office suites in a multi‑story layout
- Designated downstairs office units
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
$246,097
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
8.20%
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%
$4,921,940
$4.9M
Cap Rate 7%
$3,515,671
$3.5M
Cap Rate 9%
$2,734,411
$2.7M
Market Conditions
NOI Build-Up for 10,368 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
$403.1K $38.88/SF
− Vacancy
−$75.0K −$7.23/SF
EGI
$328.1K $31.65/SF
− OpEx
−$82.0K −$7.91/SF
NOI
$246.1K $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%
$4,921,940
Cap Rate 7%
$3,515,671
Cap Rate 9%
$2,734,411
Alternative Uses
Best Use
Office B
$3.52M
$3.08M – $4.10M
NOI $246,097 @ 7.0% cap · market cap 8.20%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$210.05M
$183.79M – $245.06M
NOI $14,703,462 @ 7.0% cap · market cap 490.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
12
Office units
50%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,767
Businesses Nearby
Explore this area
Business Placement
Demographics for 91411, CA
24,984
Population
10,003
Households
2.5
Avg Household Size
36
Median Age
37%
College-Educated
80%
High-School Grad
2.0 sq mi
ZIP Area
12,492
Density / Sq Mi
$77,582
Median Household Income
$42,096
Median Earnings
$1,850
Median Rent
$973,300
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 - Multi-story professional property in a designated Opportunity Zone near the Van Nuys Civic Center.
Where is this office building located?
The property is located at 14511 Hamlin St Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 10,368 SF office building constructed in 1961; 12 distinct office suites in a multi‑story layout; Designated downstairs office units
