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 Market83
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
Listed By:
Brian Zinda · License #01939020
(562) 706-0815
Source:
Myfabuloushome
Added: Jul 24
Changed: Sep 12
Last Checked: Oct 7 at 4:30PM
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 / Yr
$41,016
Cap Rate
6.12%
Suggested Prices Based on Cap Rates
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
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 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.
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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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
