Mixed-Use Property with Freeway
For Sale
$10,995,000
2140-2150 Cotner Avenue, Los Angeles, CA 90025
Three parcels combine office improvements, subterranean parking, and adjacent land at Olympic and Cotner.
Property Size16,743 SF
Price / SF$656.69
Days on Market335
Property Features for 2140-2150 Cotner Avenue
General Information
Standard status
Active
Size
16,743 SF
Total Parking Spaces
34
Property subtype
Commercial Sale / Mixed Use
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Land Use
commercial, vacant
Building Details
Year Built
1990
Buildings
2
Stories
4
Listing Agency:
Equity Union
(818) 989-2000
Listed By:
Oren Osovski · License #01913152
(818) 989-2000
Source:
Compass
Added: Sep 30, 2025
Changed: Aug 30
Last Checked: Aug 30 at 1:56AM
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 Equity Union
Investment Insights
Based on property information with market context.
This three-parcel mixed-use assemblage includes a 15,923-square-foot office building at 2140 Cotner with four stories, including three floors and a mezzanine. The building has existing office build-out and two levels of subterranean parking containing 34 spaces. The adjoining 2144 Cotner parcel includes a small single-family residence currently used as office space under a short-term lease, while 2150 Cotner is an open lot at the corner of Olympic with 128 feet of Olympic frontage.
The property runs parallel and directly adjacent to I-405, providing direct freeway visibility. The parcels are located at the intersection of Olympic and Cotner in Los Angeles and are included together in the sale. The improvements and land provide a combination of existing office capacity, parking, and adjacent open areas within one assemblage.
The property runs parallel and directly adjacent to I-405, providing direct freeway visibility. The parcels are located at the intersection of Olympic and Cotner in Los Angeles and are included together in the sale. The improvements and land provide a combination of existing office capacity, parking, and adjacent open areas within one assemblage.
Key Highlights
- 15,923 SF office building with four stories, including three floors and a mezzanine
- Two levels of subterranean parking with 34 spaces
- Three parcels included in the sale
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
$397,416
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
3.61%
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%
$7,948,320
$7.9M
Cap Rate 7%
$5,677,371
$5.7M
Cap Rate 9%
$4,415,733
$4.4M
Market Conditions
NOI Build-Up for 16,743 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
$651.0K $38.88/SF
− Vacancy
−$121.1K −$7.23/SF
EGI
$529.9K $31.65/SF
− OpEx
−$132.5K −$7.91/SF
NOI
$397.4K $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%
$7,948,320
Cap Rate 7%
$5,677,371
Cap Rate 9%
$4,415,733
Alternative Uses
Best Use
Office B
$5.68M
$4.97M – $6.62M
NOI $397,416 @ 7.0% cap · market cap 3.61%
Second Best
Mixed Use
$4.84M
$4.24M – $5.65M
NOI $339,046 @ 7.0% cap · market cap 3.08%
Theoretical Best
Multifamily LT 5
$339.20M
$296.80M – $395.74M
NOI $23,744,219 @ 7.0% cap · market cap 215.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
5,597
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?
Mixed-use property - Three parcels combine office improvements, subterranean parking, and adjacent land at Olympic and Cotner.
Where is this mixed-use property located?
The property is located at 2140-2150 Cotner Avenue Los Angeles, CA.
What is the asking price?
The asking price for this property is $10,995,000.
What are key features of this property?
This property features: 15,923 SF office building with four stories, including three floors and a mezzanine; Two levels of subterranean parking with 34 spaces; Three parcels included in the sale
