Creative Office Building with
1674 Corinth Ave, Los Angeles, CA 90025
For Sale
Contact for pricing
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 Market152
Property Features for 1674 Corinth Ave
General Information
Standard status
Size
Class
Property subtype
Zoning
Lease Type
Investment Type
Net Operating Income
Site & Location
Neighborhood
Highway Access
Building Details
Year Built
Year Renovated
Stories
Tenancy
Listing Agency:
Ally Commercial Real Estate
Listed By:
Luc Hawkshaw · License #CA DRE#:01962142
(424) 317-0308
Source:
Crexi
Added: Jun 10
Changed: Nov 4
Last Checked: Nov 6 at 7:15AM
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
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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 / Yr
$56,397
Cap Rate
3.22%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
5,961
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
$1,081,400
Median Home Value
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Market
Average Price Trend$/SF for Office buildings in Los Angeles, CA
Properties on Market for Office buildings in Los Angeles
Vacancy Rate% for Office in West region
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
