Versatile Los Angeles Commercial
For Sale
$2,498,678
1627 S La Cienega Boulevard, Los Angeles, CA 90035
3,716 SF building suitable for office, retail, or school.
Property Size3,716 SF
Lot Size0.16 Acres
Price / SF$672.41
Days on Market194
Property Features for 1627 S La Cienega Boulevard
General Information
Standard status
Active
Size
3,716 SF
Lot size
0.16 Acres
Property subtype
Retail
Building Details
Building Size
3,716 SF
Listing Agency:
CBC
Listed By:
Arthur Pfefferman · License #DRE #01021906
(818) 449-5122
Source:
Cbcworldwide
Added: Mar 5
Changed: Sep 10
Last Checked: Sep 14 at 5:05AM
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 CBC
Investment Insights
Based on property information with market context.
Located at 1627 S La Cienega Blvd in Los Angeles, this commercial property offers approximately 3,716 square feet of space, according to CoStar. Constructed in 1946, the building is zoned C2-1-O, providing versatility for various uses, including office, retail, or school. The property's location in Los Angeles offers convenience and accessibility, making it suitable for establishing a presence in a commercial area.
Key Highlights
- Prime Los Angeles location on S La Cienega Blvd.
- Versatile C2‑1‑O zoning allows for office, retail, or school use.
- Approximately 3,716 SF building size.
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
$88,204
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
3.53%
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%
$1,764,080
$1.8M
Cap Rate 7%
$1,260,057
$1.3M
Cap Rate 9%
$980,044
$980.0K
Market Conditions
NOI Build-Up for 3,716 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
$144.5K $38.88/SF
− Vacancy
−$26.9K −$7.23/SF
EGI
$117.6K $31.65/SF
− OpEx
−$29.4K −$7.91/SF
NOI
$88.2K $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%
$1,764,080
Cap Rate 7%
$1,260,057
Cap Rate 9%
$980,044
Alternative Uses
Best Use
Office B
$1.26M
$1.10M – $1.47M
NOI $88,204 @ 7.0% cap · market cap 3.53%
Second Best
Retail
$1.23M
$1.08M – $1.44M
NOI $86,238 @ 7.0% cap · market cap 3.45%
Theoretical Best
Multifamily LT 5
$75.28M
$65.87M – $87.83M
NOI $5,269,875 @ 7.0% cap · market cap 210.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,510
Businesses Nearby
Explore this area
Business Placement
Demographics for 90035, CA
30,294
Population
13,795
Households
2.2
Avg Household Size
37
Median Age
68%
College-Educated
95%
High-School Grad
2.3 sq mi
ZIP Area
13,171
Density / Sq Mi
$108,224
Median Household Income
$67,202
Median Earnings
$2,486
Median Rent
$1,844,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Retail property - 3,716 SF building suitable for office, retail, or school.
Where is this retail property located?
The property is located at 1627 S La Cienega Boulevard Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,498,678.
What are key features of this property?
This property features: Prime Los Angeles location on S La Cienega Blvd.; Versatile C2‑1‑O zoning allows for office, retail, or school use.; Approximately 3,716 SF building size.
