C-2 Office
For Sale
$1,409,000
1611 6th Avenue, Los Angeles, CA 90019
Configured for professional use with private offices, client-facing areas, gated access, and on-site parking.
Property Size1,884 SF
Price / SF$747.88
Days on Market178
Property Features for 1611 6th Avenue
General Information
Standard status
Active
Size
1,884 SF
Total Parking Spaces
8
Property subtype
General Commercial
Zoning
C-2
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
gated
electric charger
staff dining space
3
LAC2
Building Details
Year Built
1919
Tenancy
Single
Listing Agency:
Dream Realty & Investments Inc
(213) 380-8949
Listed By:
Kay Kyung Park
Source:
Xome
Added: Mar 6
Changed: Aug 30
Last Checked: Aug 30 at 3:11PM
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 Dream Realty & Investments Inc
Investment Insights
Based on property information with market context.
This 1,884-square-foot office building was constructed in 1919 and is currently operating as a law office. The layout includes six private offices, three bathrooms, a reception area, meeting space, and a staff dining area. C-2 zoning is identified for the property, and the building is described as clean and move-in ready.
Eight on-site parking spaces are provided, with four positioned at the front and four at the rear, which is accessible from an alley. Gated entry at both the front and back adds controlled access, while an electric vehicle charger is also included. The property is near the 10 Freeway, shopping centers, and downtown.
Eight on-site parking spaces are provided, with four positioned at the front and four at the rear, which is accessible from an alley. Gated entry at both the front and back adds controlled access, while an electric vehicle charger is also included. The property is near the 10 Freeway, shopping centers, and downtown.
Key Highlights
- 1,884 SF office building constructed in 1919
- C‑2 zoning with current law‑office configuration
- Six private offices, reception, meeting, and staff dining areas
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
$44,719
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
3.17%
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%
$894,380
$894.4K
Cap Rate 7%
$638,843
$638.8K
Cap Rate 9%
$496,878
$496.9K
Market Conditions
NOI Build-Up for 1,884 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
$73.2K $38.88/SF
− Vacancy
−$13.6K −$7.23/SF
EGI
$59.6K $31.65/SF
− OpEx
−$14.9K −$7.91/SF
NOI
$44.7K $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%
$894,380
Cap Rate 7%
$638,843
Cap Rate 9%
$496,878
Alternative Uses
Best Use
Office B
$638.8K
$559.0K – $745.3K
NOI $44,719 @ 7.0% cap · market cap 3.17%
Second Best
Mixed Use
$545.0K
$476.9K – $635.9K
NOI $38,151 @ 7.0% cap · market cap 2.71%
Theoretical Best
Multifamily LT 5
$38.17M
$33.40M – $44.53M
NOI $2,671,810 @ 7.0% cap · market cap 189.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,624
Businesses Nearby
Explore this area
Business Placement
Demographics for 90019, CA
62,002
Population
26,203
Households
2.4
Avg Household Size
38
Median Age
39%
College-Educated
80%
High-School Grad
3.9 sq mi
ZIP Area
15,898
Density / Sq Mi
$71,395
Median Household Income
$40,316
Median Earnings
$1,782
Median Rent
$1,178,100
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 - Configured for professional use with private offices, client-facing areas, gated access, and on-site parking.
Where is this office building located?
The property is located at 1611 6th Avenue Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,409,000.
What are key features of this property?
This property features: 1,884 SF office building constructed in 1919; C‑2 zoning with current law‑office configuration; Six private offices, reception, meeting, and staff dining areas
