Creative Office Building with
For Sale
Contact for pricing
1674 Corinth Ave, Los Angeles, CA 90025
For sale office building offered with a seller sale-leaseback option, supporting continued occupancy or owner-user flexibility.
Property Size2,376 SF
Price / SF$736.53
Days on Market60
Property Features for 1674 Corinth Ave
General Information
Standard status
Active
Size
2,376 SF
Class
B
Property subtype
Office
Zoning
C2-1
Lease Type
NNN
Investment Type
Sale/Leaseback
Net Operating Income
$114,048
Additional Details
Highway Access
Yes
Building Details
Year Built
1960
Year Renovated
2021
Stories
2
Tenancy
Single
Listing Agency:
Ally Commercial Real Estate
Listed By:
Luc Hawkshaw · License #CA DRE#:01962142
Source:
Crexi
Added: Jun 10
Changed: Aug 8
Last Checked: Aug 8 at 12:56PM
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 Ally Commercial Real Estate
Investment Insights
Based on property information with market context.
1674 Corinth Avenue is a creative-oriented office building offered for sale with an available sale-leaseback structure. The property totals approximately 2,376 square feet and is presented with the seller’s willingness to execute a sale-leaseback at market rental rates, creating in-place tenancy following closing.
Located in Sawtelle, the property is described as being positioned within West Los Angeles’ creative office and innovation corridor. The remarks note direct access to both the 405 and 10 freeways and proximity to UCLA, along with access to the broader employment, institutional, and residential demand drivers identified in the surrounding area.
For investors, the proposed sale-leaseback is intended to provide stabilized income with no lease-up risk, supported by the fact that the seller would remain in place under a new market-rate rental arrangement. For owner-users, the structure is positioned as a way to preserve options, including the ability to retain existing tenancy or take occupancy upon natural lease expiration. The offering is presented as having pricing dislocation versus comparable sales, with the broader Sawtelle creative office market cited as a continued support for the asset’s role in the submarket.
Located in Sawtelle, the property is described as being positioned within West Los Angeles’ creative office and innovation corridor. The remarks note direct access to both the 405 and 10 freeways and proximity to UCLA, along with access to the broader employment, institutional, and residential demand drivers identified in the surrounding area.
For investors, the proposed sale-leaseback is intended to provide stabilized income with no lease-up risk, supported by the fact that the seller would remain in place under a new market-rate rental arrangement. For owner-users, the structure is positioned as a way to preserve options, including the ability to retain existing tenancy or take occupancy upon natural lease expiration. The offering is presented as having pricing dislocation versus comparable sales, with the broader Sawtelle creative office market cited as a continued support for the asset’s role in the submarket.
Key Highlights
- Office building built in 1960
- Seller offers a sale‑leaseback option at market rental rates
- Sale‑leaseback supports continued in‑place occupancy or owner‑user flexibility upon natural lease expiration
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
$56,397
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
3.22%
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%
$1,127,940
$1.1M
Cap Rate 7%
$805,671
$805.7K
Cap Rate 9%
$626,633
$626.6K
Market Conditions
NOI Build-Up for 2,376 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
$92.4K $38.88/SF
− Vacancy
−$17.2K −$7.23/SF
EGI
$75.2K $31.65/SF
− OpEx
−$18.8K −$7.91/SF
NOI
$56.4K $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%
$1,127,940
Cap Rate 7%
$805,671
Cap Rate 9%
$626,633
Alternative Uses
Best Use
Office B
$805.7K
$705.0K – $940.0K
NOI $56,397 @ 7.0% cap · market cap 3.22%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$48.14M
$42.12M – $56.16M
NOI $3,369,543 @ 7.0% cap · market cap 192.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,564
Businesses Nearby
Explore this area
Business Placement
Demographics for 90025, CA
45,466
Population
24,965
Households
1.8
Avg Household Size
36
Median Age
70%
College-Educated
95%
High-School Grad
2.6 sq mi
ZIP Area
17,487
Density / Sq Mi
$104,627
Median Household Income
$70,713
Median Earnings
$2,465
Median Rent
$1,081,400
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 - For sale office building offered with a seller sale-leaseback option, supporting continued occupancy or owner-user flexibility.
Where is this office building located?
The property is located at 1674 Corinth Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Office building built in 1960; Seller offers a sale‑leaseback option at market rental rates; Sale‑leaseback supports continued in‑place occupancy or owner‑user flexibility upon natural lease expiration
