Freshly Painted Office
For Sale
$670,000
5151 S Western Ave, Los Angeles, CA 90062
Office and conference areas are complemented by gated parking and convenient access to nearby retail, dining, and services.
Property Size1,728 SF
Price / SF$387.73
Days on Market37
Property Features for 5151 S Western Ave
General Information
Standard status
Active
Size
1,728 SF
Amenities
gated parking lot
Building Details
Year Built
1948
Listing Agency:
Berkshire Hathaway HomeServices California Properties
(562) 706-0815
Listed By:
Brian Zinda · License #01939020
Source:
Myfabuloushome
Added: Jul 24
Changed: Aug 29
Last Checked: Aug 29 at 2:08PM
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 Berkshire Hathaway HomeServices California Properties
Investment Insights
Based on property information with market context.
This 1,728-square-foot office unit was built in 1948 and includes dedicated office and conference areas. The interior has been freshly painted, providing a clean starting point for a new occupant’s improvements and finishing work. A gated parking lot serves the property.
The property is located at 5151 S Western Ave in Los Angeles, near Slauson Mall, Walgreens, Food 4 Less, Home Depot, Starbucks, and Jamba Juice. Restaurants and additional everyday services are also located nearby, adding convenience for occupants and visitors.
The property is located at 5151 S Western Ave in Los Angeles, near Slauson Mall, Walgreens, Food 4 Less, Home Depot, Starbucks, and Jamba Juice. Restaurants and additional everyday services are also located nearby, adding convenience for occupants and visitors.
Key Highlights
- 1,728‑square‑foot office unit with dedicated office and conference areas
- Freshly painted interior ready for finishing work
- Gated parking lot on the property
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
$41,016
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
6.12%
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%
$820,320
$820.3K
Cap Rate 7%
$585,943
$585.9K
Cap Rate 9%
$455,733
$455.7K
Market Conditions
NOI Build-Up for 1,728 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
$67.2K $38.88/SF
− Vacancy
−$12.5K −$7.23/SF
EGI
$54.7K $31.65/SF
− OpEx
−$13.7K −$7.91/SF
NOI
$41.0K $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%
$820,320
Cap Rate 7%
$585,943
Cap Rate 9%
$455,733
Alternative Uses
Best Use
Office B
$585.9K
$512.7K – $683.6K
NOI $41,016 @ 7.0% cap · market cap 6.12%
Second Best
Retail
$572.9K
$501.3K – $668.4K
NOI $40,102 @ 7.0% cap · market cap 5.99%
Theoretical Best
Multifamily LT 5
$35.01M
$30.63M – $40.84M
NOI $2,450,577 @ 7.0% cap · market cap 365.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,352
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Office and conference areas are complemented by gated parking and convenient access to nearby retail, dining, and services.
Where is this office units located?
The property is located at 5151 S Western Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $670,000.
What are key features of this property?
This property features: 1,728‑square‑foot office unit with dedicated office and conference areas; Freshly painted interior ready for finishing work; Gated parking lot on the property
