Office Suite with Conference
For Sale
$670,000
5151 S Western Ave, Los Angeles, CA 90029
Freshly painted office space with a dedicated conference area and parking in a gated lot.
Property Size1,728 SF
Price / SF$387.73
Days on Market102
Property Features for 5151 S Western Ave
General Information
Standard status
Active
Size
1,728 SF
Listing Agency:
Berkshire Hathaway HomeServices California Properties
(562) 706-0815
Listed By:
Brian Zinda · License #01939020
(562) 706-0815
Source:
Exprealty
Added: May 7
Changed: Aug 8
Last Checked: Aug 16 at 12:11PM
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 office suite is designed for a small business setup, with room for offices and a dedicated conference area. The space has been freshly painted and is positioned for an owner to add final finishes to match their operating needs.
The property includes parking in a gated parking lot and is located close to established retail and dining destinations, including Slauson Mall, Walgreens, Food 4 Less, Home Depot, Starbucks, and Jamba Juice. The surrounding mix of services and restaurants supports everyday customer and employee access.
For buyers or founders looking to establish a professional workspace, the layout supports both day-to-day office use and meeting-focused use in the conference area. The gated parking configuration offers a practical benefit for staff and visitors, while the nearby retail corridors can help support employee convenience and client visits.
The property includes parking in a gated parking lot and is located close to established retail and dining destinations, including Slauson Mall, Walgreens, Food 4 Less, Home Depot, Starbucks, and Jamba Juice. The surrounding mix of services and restaurants supports everyday customer and employee access.
For buyers or founders looking to establish a professional workspace, the layout supports both day-to-day office use and meeting-focused use in the conference area. The gated parking configuration offers a practical benefit for staff and visitors, while the nearby retail corridors can help support employee convenience and client visits.
Key Highlights
- 1728 SF office space with dedicated office and conference area
- Freshly painted interior, ready for new finishing touches
- Gated parking lot with plenty of room for parking
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
—
—
no second resolved use
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
2,547
Businesses Nearby
Explore this area
Business Placement
Demographics for 90029, CA
34,695
Population
14,465
Households
2.4
Avg Household Size
37
Median Age
36%
College-Educated
76%
High-School Grad
1.4 sq mi
ZIP Area
24,782
Density / Sq Mi
$60,793
Median Household Income
$35,801
Median Earnings
$1,644
Median Rent
$1,066,200
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 - Freshly painted office space with a dedicated conference area and parking in a gated lot.
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: 1728 SF office space with dedicated office and conference area; Freshly painted interior, ready for new finishing touches; Gated parking lot with plenty of room for parking
