Office Building with
New
For Sale
$5,995,000
5311 Topanga Canyon, Woodland Hills, CA 91364
Three-story office property offers private offices, elevator service, and on-site parking.
Property Size16,390 SF
Days on Market3
Property Features for 5311 Topanga Canyon
General Information
Standard status
Active
Size
16,390 SF
Total Parking Spaces
32
Elevators
Yes
Property subtype
Office
Additional Details
Road Access
Yes
Office Units
40
Building Details
Building Size
16,390 SF
Year Built
1984
Buildings
1
Stories
3
Construction
steel framing
Listing Agency:
Allstate Realty
Listed By:
Alfred Tavari · License #01290392
(818) 344-5158
Source:
Velocityrealtysd
Added: Oct 19
Changed: Oct 21
Last Checked: Oct 21 at 12:58AM
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 Allstate Realty
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Investment Insights
Based on property information with market context.
Built in 1984 with steel framing, this three-story office building has 32 side-by-side parking spaces on the ground floor and two office levels. The office floors contain 40 private double-room offices. A front lobby provides access to an elevator, with stairways on both sides of the building. Renovations have been completed over time, and the property has recently been painted.
The building is on Topanga Canyon south of Ventura Boulevard in Woodland Hills. Nearly 60% of the building is currently occupied.
The building is on Topanga Canyon south of Ventura Boulevard in Woodland Hills. Nearly 60% of the building is currently occupied.
Key Highlights
- Three‑story steel‑framed office building constructed in 1984
- 32 side‑by‑side parking spaces on the ground floor
- Two office levels with 40 private double‑room offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$389,037
Cap Rate
6.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,780,740
$7.8M
Cap Rate 7%
$5,557,671
$5.6M
Cap Rate 9%
$4,322,633
$4.3M
Market Conditions
NOI Build-Up for 16,390 SF
Gross rent
$637.2K $38.88/SF
− Vacancy
−$118.5K −$7.23/SF
EGI
$518.7K $31.65/SF
− OpEx
−$129.7K −$7.91/SF
NOI
$389.0K $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%
$7,780,740
Cap Rate 7%
$5,557,671
Cap Rate 9%
$4,322,633
Alternative Uses
Best Use
Office B
$5.56M
$4.86M – $6.48M
NOI $389,037 @ 7.0% cap · market cap 6.49%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$332.05M
$290.55M – $387.39M
NOI $23,243,609 @ 7.0% cap · market cap 387.72%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
40
Office units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
354
Businesses Nearby
Explore this area
Business Placement
Demographics for 91364, CA
27,071
Population
10,969
Households
2.5
Avg Household Size
45
Median Age
55%
College-Educated
97%
High-School Grad
7.5 sq mi
ZIP Area
3,609
Density / Sq Mi
$134,534
Median Household Income
$74,852
Median Earnings
$2,847
Median Rent
$1,162,000
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
Frequently Asked Questions
What type of property is this?
Office building - Three-story office property offers private offices, elevator service, and on-site parking.
Where is this office building located?
The property is located at 5311 Topanga Canyon Woodland Hills, CA.
What is the asking price?
The asking price for this property is $5,995,000.
What are key features of this property?
This property features: Three‑story steel‑framed office building constructed in 1984; 32 side‑by‑side parking spaces on the ground floor; Two office levels with 40 private double‑room offices
