Office Building with Private
For Sale
$995,000
21617 Figueroa, Carson, CA 90745
Professional office property with reception, flexible work areas, storage, and dedicated parking near the 110 freeway.
Property Size1,813 SF
Lot Size0.11 Acres
Price / SF$548.81
Days on Market338
Property Features for 21617 Figueroa
General Information
Standard status
Active
Size
1,813 SF
Total Parking Spaces
6
Lot size
0.11 Acres
Property subtype
Mixed Use
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
3
Paved. Paved Road.
Building Details
Year Built
1954
Buildings
1
Building Size
1,813 SF
Listing Agency:
(562) 799-2388
Listed By:
Amberwood Real Estate
Source:
Xome
Added: Sep 28, 2025
Changed: Aug 30
Last Checked: Aug 30 at 1:38PM
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 Amberwood Real Estate
Investment Insights
Based on property information with market context.
The office property at 21617 Figueroa in Carson includes 1,813 square feet within a 4,628-square-foot lot. Its layout provides a reception lobby, three enclosed offices, an open work area, two half bathrooms, and additional storage. A private backyard and six dedicated parking spaces are also included.
The property is positioned next to the 110 freeway and near several franchise businesses. Built in 1954, the building has been completely remodeled and offers a practical configuration for office use.
The property is positioned next to the 110 freeway and near several franchise businesses. Built in 1954, the building has been completely remodeled and offers a practical configuration for office use.
Key Highlights
- 1,813‑square‑foot office building on a 4,628‑square‑foot lot
- Three private offices plus an open work area
- Reception lobby with desk and two half bathrooms
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
$39,631
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
3.98%
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%
$792,620
$792.6K
Cap Rate 7%
$566,157
$566.2K
Cap Rate 9%
$440,344
$440.3K
Market Conditions
NOI Build-Up for 1,813 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
$69.6K $38.40/SF
− Vacancy
−$16.8K −$9.25/SF
EGI
$52.8K $29.15/SF
− OpEx
−$13.2K −$7.29/SF
NOI
$39.6K $21.86/SF
Area
Los Angeles County, CA
Vacancy
24.10%
Lease Rate
$38.40 /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%
$792,620
Cap Rate 7%
$566,157
Cap Rate 9%
$440,344
Alternative Uses
Best Use
Office B
$566.2K
$495.4K – $660.5K
NOI $39,631 @ 7.0% cap · market cap 3.98%
Second Best
Healthcare Medical
$491.2K
$429.8K – $573.0K
NOI $34,382 @ 7.0% cap · market cap 3.46%
Theoretical Best
Office A
$970.7K
$849.3K – $1.13M
NOI $67,947 @ 7.0% cap · market cap 6.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,003
Businesses Nearby
Explore this area
Business Placement
Demographics for 90745, CA
59,937
Population
16,638
Households
3.6
Avg Household Size
42
Median Age
28%
College-Educated
81%
High-School Grad
8.2 sq mi
ZIP Area
7,309
Density / Sq Mi
$106,457
Median Household Income
$42,404
Median Earnings
$1,838
Median Rent
$628,400
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 units - Professional office property with reception, flexible work areas, storage, and dedicated parking near the 110 freeway.
Where is this office units located?
The property is located at 21617 Figueroa Carson, CA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 1,813‑square‑foot office building on a 4,628‑square‑foot lot; Three private offices plus an open work area; Reception lobby with desk and two half bathrooms
