Flexible Office
For Sale
Contact for pricing
1517 Beverly Blvd, Los Angeles, CA 90026
Owner-user office property with adaptable layouts, secured entry, and on-site parking in Historic Filipinotown.
Property Size5,444 SF
Price / SF$523.51
Days on Market159
Property Features for 1517 Beverly Blvd
General Information
Standard status
Active
Size
5,444 SF
Total Parking Spaces
15
Property subtype
Office, Mixed Use
Zoning
C2
Investment Type
Owner/User
Additional Details
Public Transit
Yes
Building Details
Year Built
1951
Year Renovated
2010
Listing Agency:
Kidder Mathews Los Angeles
Listed By:
Chris Giordano · License #CA 01928706
Source:
Crexi
Added: Mar 24
Changed: Aug 29
Last Checked: Aug 29 at 7:33PM
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 Kidder Mathews Los Angeles
Investment Insights
Based on property information with market context.
Built in 1951, this 5,444-square-foot office building offers an owner-user configuration with adaptable interior layouts for professional operations. The property includes secured access and an on-site parking area, supporting convenient day-to-day use.
The building is located at 1517 Beverly Blvd in Los Angeles’ Historic Filipinotown. Nearby restaurants, public transit access, and other businesses contribute to an established urban setting. C2 zoning is in place.
The building is located at 1517 Beverly Blvd in Los Angeles’ Historic Filipinotown. Nearby restaurants, public transit access, and other businesses contribute to an established urban setting. C2 zoning is in place.
Key Highlights
- 5,444‑square‑foot office building constructed in 1951
- C2 zoning
- Adaptable floor plan for professional office use
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
$129,220
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
4.53%
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%
$2,584,400
$2.6M
Cap Rate 7%
$1,846,000
$1.8M
Cap Rate 9%
$1,435,778
$1.4M
Market Conditions
NOI Build-Up for 5,444 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
$211.7K $38.88/SF
− Vacancy
−$39.4K −$7.23/SF
EGI
$172.3K $31.65/SF
− OpEx
−$43.1K −$7.91/SF
NOI
$129.2K $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%
$2,584,400
Cap Rate 7%
$1,846,000
Cap Rate 9%
$1,435,778
Alternative Uses
Best Use
Office B
$1.85M
$1.62M – $2.15M
NOI $129,220 @ 7.0% cap · market cap 4.53%
Second Best
Mixed Use
$1.57M
$1.38M – $1.84M
NOI $110,241 @ 7.0% cap · market cap 3.87%
Theoretical Best
Multifamily LT 5
$110.29M
$96.51M – $128.67M
NOI $7,720,452 @ 7.0% cap · market cap 270.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,266
Businesses Nearby
Explore this area
Business Placement
Demographics for 90026, CA
63,329
Population
28,632
Households
2.2
Avg Household Size
37
Median Age
47%
College-Educated
82%
High-School Grad
4.0 sq mi
ZIP Area
15,832
Density / Sq Mi
$85,835
Median Household Income
$47,600
Median Earnings
$1,822
Median Rent
$1,143,400
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 - Owner-user office property with adaptable layouts, secured entry, and on-site parking in Historic Filipinotown.
Where is this office building located?
The property is located at 1517 Beverly Blvd Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: 5,444‑square‑foot office building constructed in 1951; C2 zoning; Adaptable floor plan for professional office use
