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 Market182
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
Listed By:
Edan Shalom · License #CA BR02033047
(213) 261-4944
Source:
Crexi
Added: Apr 17
Changed: Oct 14
Last Checked: Oct 14 at 11:05PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$246,097
Cap Rate
8.20%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
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
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
