Creative Office Space For
For Sale
Contact for pricing
1520-1528 Cloverfield Blvd., Santa Monica, CA 90404
Creative office space with high ceilings and convenient location.
Property Size5,000 SF
Days on Market330
Property Features for 1520-1528 Cloverfield Blvd.
General Information
Standard status
Active
Size
5,000 SF
Class
A
Property subtype
Office
Lease Term
MG
Building Details
Building Size
5,000 SF
Properties For Sale
at 1520-1528 Cloverfield Blvd. Contact us1522 C
Size
2,955 SF
Type
Creative/Loft
Term
3-5 Terms
1524 C
Size
2,000 SF
Type
Creative/Loft
Term
3-5 Terms
Listed By:
Ian Strano · License #CalDRE #00991977
(310) 806-6108
Source:
Naiglobal
Added: Nov 21, 2025
Changed: Oct 2
Last Checked: Oct 16 at 5:59AM
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 Ian Strano
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Investment Insights
Based on property information with market context.
This creative office space features high ceilings and skylights, with exposed air conditioning ducts. The layout includes private offices, an open area, a kitchen, and private bathrooms. Tenants have control over their own air conditioning. The building, designed by architect Frank Gehry, is suitable for film and media companies. It is located directly opposite Colorado Center and Universal Music, with convenient access to the 405 and 10 Freeways. Starbucks and Daily Grill are within walking distance. The property contains 5,000 square feet.
Key Highlights
- Building designed by world‑renowned architect Frank Gehry, who was a tenant for over 30 years.
- Creative office space with high ceilings and skylights.
- Tenants control their own air conditioning.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$109,296
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,185,920
$2.2M
Cap Rate 7%
$1,561,371
$1.6M
Cap Rate 9%
$1,214,400
$1.2M
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$192.0K $38.40/SF
− Vacancy
−$46.3K −$9.25/SF
EGI
$145.7K $29.15/SF
− OpEx
−$36.4K −$7.29/SF
NOI
$109.3K $21.86/SF
Area
Los Angeles County, CA
Vacancy
24.10%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,185,920
Cap Rate 7%
$1,561,371
Cap Rate 9%
$1,214,400
Alternative Uses
Best Use
Office B
$1.56M
$1.37M – $1.82M
NOI $109,296 @ 7.0% cap · market cap 3,122,742.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.68M
$2.34M – $3.12M
NOI $187,389 @ 7.0% cap · market cap 5,353,971.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
7,573
Businesses Nearby
Explore this area
Business Placement
Demographics for 90404, CA
21,995
Population
11,499
Households
1.9
Avg Household Size
39
Median Age
59%
College-Educated
90%
High-School Grad
2.0 sq mi
ZIP Area
10,998
Density / Sq Mi
$85,081
Median Household Income
$66,349
Median Earnings
$2,095
Median Rent
$1,159,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Creative space - Creative office space with high ceilings and convenient location.
Where is this creative space located?
The property is located at 1520-1528 Cloverfield Blvd. Santa Monica, CA.
What are key features of this property?
This property features: Building designed by world‑renowned architect Frank Gehry, who was a tenant for over 30 years.; Creative office space with **high ceilings and skylights.**; Tenants control their own air conditioning.
