Mixed-Use Building with Loading
For Sale
$15,500,000
2311 Cotner Avenue, Los Angeles, CA 90064
Commercial Sale, Los Angeles, CA
Property Size23,000 SF
Price / SF$673.91
Days on Market42
Property Features for 2311 Cotner Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
I-405 to W Pico Boulevard to Cotner Avenue.
Subdivision
WLA - West Los Angeles
Standard status
Active
APN
4322023031
Additional Details
Tenant in Place
Yes
Building Details
Year built
1969
Buildings
1
Listing Agency:
Keller Williams VIP Properties · Keller Williams Realty
(661) 290-3700
Listed By:
Jeremy Gray · License #01435155
(661) 607-6757
Added: Sep 23
Changed: Nov 2
Last Checked: Nov 3 at 1:06AM
MLS# SR26212527
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 2311 Cotner Avenue, this two-level mixed-use building contains approximately 23,000 square feet. Interior improvements include a foodservice kitchen, dining and bar areas, cold storage, and office space. A loading dock has two doors, and 42 gated parking spaces are located on the roof. The property is expected to be vacant at closing. An existing Verizon cell tower lease provides additional income; auxiliary leased parking across the street is assumable.
The site is immediately next to I-405, with direct access to its northbound on-ramp. The 405/10 interchange is nearby and carries more than 650,000 vehicles daily. The Metro E Line is also within minutes. The building was constructed in 1969 and has M2 zoning.
The site is immediately next to I-405, with direct access to its northbound on-ramp. The 405/10 interchange is nearby and carries more than 650,000 vehicles daily. The Metro E Line is also within minutes. The building was constructed in 1969 and has M2 zoning.
Key Highlights
- Approximately 23,000 SF across two levels
- 42 gated rooftop parking spaces
- Loading dock with two doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$545,934
Cap Rate
3.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,918,680
$10.9M
Cap Rate 7%
$7,799,057
$7.8M
Cap Rate 9%
$6,065,933
$6.1M
Market Conditions
NOI Build-Up for 23,000 SF
Gross rent
$894.2K $38.88/SF
− Vacancy
−$166.3K −$7.23/SF
EGI
$727.9K $31.65/SF
− OpEx
−$182.0K −$7.91/SF
NOI
$545.9K $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%
$10,918,680
Cap Rate 7%
$7,799,057
Cap Rate 9%
$6,065,933
Alternative Uses
Best Use
Office B
$7.80M
$6.82M – $9.10M
NOI $545,934 @ 7.0% cap · market cap 3.52%
Second Best
Retail
$7.63M
$6.67M – $8.90M
NOI $533,765 @ 7.0% cap · market cap 3.44%
Theoretical Best
Multifamily LT 5
$465.97M
$407.72M – $543.63M
NOI $32,617,633 @ 7.0% cap · market cap 210.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4,492
Businesses Nearby
Explore this area
Business Placement
Demographics for 90064, CA
27,553
Population
12,897
Households
2.1
Avg Household Size
40
Median Age
71%
College-Educated
95%
High-School Grad
3.7 sq mi
ZIP Area
7,447
Density / Sq Mi
$129,703
Median Household Income
$84,766
Median Earnings
$2,710
Median Rent
$1,746,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two levels combine foodservice, dining, storage, and office improvements with gated rooftop parking.
Where is this mixed-use property located?
The property is located at 2311 Cotner Avenue Los Angeles, CA.
What is the asking price?
The asking price for this property is $15,500,000.
What are key features of this property?
This property features: Approximately 23,000 SF across two levels; 42 gated rooftop parking spaces; Loading dock with two doors
