Two-Story NNN
New
For Sale
$3,500,000
1660 Riverside Drive, Los Angeles, CA 90031
The office layout includes private offices, an open sales area, and training and conference rooms.
Property Size9,500 SF
Days on Market7
Property Features for 1660 Riverside Drive
General Information
Standard status
Active
Size
9,500 SF
Property subtype
COMMERCIAL
Amenities
air-conditioned
Building Details
Building Size
9,500 SF
Year Built
1966
Stories
2
Construction
frame and stucco
Tenancy
Single
Listing Agency:
Keller Williams Larchmont
Listed By:
Andrew E Woodward · License #00811870
Source:
Velocityrealtysd
Added: Oct 14
Changed: Oct 19
Last Checked: Oct 19 at 2:36PM
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 Keller Williams Larchmont
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Investment Insights
Based on property information with market context.
This 1966-built, two-story office property has an updated frame-and-stucco building with air conditioning. Interior space includes multiple offices, an open sales area, and rooms for training or conferences. Separate outbuildings have ground-level loading doors.
Charter/Spectrum Cable occupies the property under a lease scheduled to run through May 31, 2030. The site also includes an asphalt-paved, fenced yard secured for vehicle parking and storage.
Charter/Spectrum Cable occupies the property under a lease scheduled to run through May 31, 2030. The site also includes an asphalt-paved, fenced yard secured for vehicle parking and storage.
Key Highlights
- NNN lease to Charter/Spectrum Cable runs through May 31, 2030
- Updated two‑story frame‑and‑stucco office building with air conditioning
- Multiple offices, open sales area, and training and conference rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$225,494
Cap Rate
6.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,509,880
$4.5M
Cap Rate 7%
$3,221,343
$3.2M
Cap Rate 9%
$2,505,489
$2.5M
Market Conditions
NOI Build-Up for 9,500 SF
Gross rent
$369.4K $38.88/SF
− Vacancy
−$68.7K −$7.23/SF
EGI
$300.7K $31.65/SF
− OpEx
−$75.2K −$7.91/SF
NOI
$225.5K $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%
$4,509,880
Cap Rate 7%
$3,221,343
Cap Rate 9%
$2,505,489
Alternative Uses
Best Use
Office B
$3.22M
$2.82M – $3.76M
NOI $225,494 @ 7.0% cap · market cap 6.44%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$192.46M
$168.41M – $224.54M
NOI $13,472,501 @ 7.0% cap · market cap 384.93%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
542
Businesses Nearby
Explore this area
Business Placement
Demographics for 90031, CA
37,333
Population
12,686
Households
2.9
Avg Household Size
37
Median Age
24%
College-Educated
66%
High-School Grad
3.5 sq mi
ZIP Area
10,667
Density / Sq Mi
$62,119
Median Household Income
$34,356
Median Earnings
$1,487
Median Rent
$758,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
NNN property - The office layout includes private offices, an open sales area, and training and conference rooms.
Where is this nnn property located?
The property is located at 1660 Riverside Drive Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: NNN lease to Charter/Spectrum Cable runs through May 31, 2030; Updated two‑story frame‑and‑stucco office building with air conditioning; Multiple offices, open sales area, and training and conference rooms
