Bank Building with Extra Back
For Sale
$3,850,000
4101 Western, Los Angeles, CA 90062
Leased bank building with long-term tenant occupancy and additional back lots that may support residential development.
Property Size12,907 SF
Price / SF$298.29
Days on Market187
Property Features for 4101 Western
General Information
Standard status
Active
Size
12,907 SF
Property subtype
Office
Building Details
Year Built
1971
Tenancy
Single
Listing Agency:
Century 21 Discovery
(714) 626-2000
Listed By:
Jigar Shah · License #01116918
Source:
Xome
Added: Jan 25
Changed: Jul 10
Last Checked: Jul 16 at 7:21AM
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 Century 21 Discovery
Investment Insights
Based on property information with market context.
This property is a bank building offering visibility and long-standing tenant occupancy. Bank of America has occupied the building for several years, with lease provisions that include extension options of five years each, as described in the remarks. The current lease is set to expire on 9/30/2029. The property also includes two additional extra lots in the back, which the seller notes may be used for residential development.
The asset is located at 4101 Western in Los Angeles and is marketed for strong visibility along the frontage. Based on the information provided, Bank of America remains the key tenant tied to this offering, and the lease structure includes the additional extension options referenced above.
For buyers looking for a stabilized bank investment, this structure provides an income stream supported by a national tenant and lease terms described in the remarks. The included back lots add a separate development angle, subject to applicable approvals, by offering potential flexibility beyond the primary leased building.
The asset is located at 4101 Western in Los Angeles and is marketed for strong visibility along the frontage. Based on the information provided, Bank of America remains the key tenant tied to this offering, and the lease structure includes the additional extension options referenced above.
For buyers looking for a stabilized bank investment, this structure provides an income stream supported by a national tenant and lease terms described in the remarks. The included back lots add a separate development angle, subject to applicable approvals, by offering potential flexibility beyond the primary leased building.
Key Highlights
- Bank of America has occupied the building for several years
- Current lease expires 9/30/2029, with options for 5‑year extensions up to 9/30/2104
- Leased building built in 1971
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $477.0k | $36.96 |
| − Vacancy | −$11.0k | −$0.85 |
| EGI | $466.1k | $36.11 |
| − OpEx | −$116.5k | −$9.03 |
| NOI | $349.6k | $27.08 |
12,907 SF · lease $36.96/SF/yr · vacancy 2.30% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$4.99M
$4.37M – $5.83M
NOI $349,553 @ 7.0% cap · market cap 9.08%
Second Best
Office B
$4.38M
$3.83M – $5.11M
NOI $306,364 @ 7.0% cap · market cap 7.96%
Theoretical Best
Multifamily LT 5
$261.49M
$228.80M – $305.07M
NOI $18,304,165 @ 7.0% cap · market cap 475.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,024
Businesses Nearby
Explore this area
Business Placement
Demographics for 90062, CA
32,524
Population
10,060
Households
3.2
Avg Household Size
36
Median Age
17%
College-Educated
65%
High-School Grad
1.9 sq mi
ZIP Area
17,118
Density / Sq Mi
$63,652
Median Household Income
$35,911
Median Earnings
$1,473
Median Rent
$672,700
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?
Bank - Leased bank building with long-term tenant occupancy and additional back lots that may support residential development.
Where is this bank located?
The property is located at 4101 Western Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,850,000.
What are key features of this property?
This property features: Bank of America has occupied the building for several years; Current lease expires 9/30/2029, with options for 5‑year extensions up to 9/30/2104; Leased building built in 1971
