Freestanding Office and Creative
870 Vine Street Los Angeles, CA 90038
870 Vine Street, Los Angeles, CA, 90038
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For Sale
Contact for pricing
Two-story freestanding building with elevator access and gated parking for about 40 vehicles.
Property Size14,809 SF
Price / SF$625.30
Days on Market65
Property Features for 870 Vine Street
General Information
- Standard status
- Active
- Size
- 14,809 SF
- Property subtype
- Office
Building Details
- Year Built
- 1982
Listing agency
Lee & Associates - Los Angeles - West
Listed by
andrew wilson · License #CA 00921356
Source
Crexi
Added: May 19 Updated: Jul 22 at 1:29PM Checked: Jul 22 at 1:29PM
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 Lee & Associates - Los Angeles - West
Investment Insights
Based on property information with market context.
870 Vine Street is a two-story freestanding office and creative flex property with a versatile interior layout. The space includes private offices, collaborative bullpen areas, operable windows, elevator access, and configuration flexibility for single- or multi-tenant occupancy.
The property also offers gated parking for approximately 40 vehicles with valet capability, along with a roll-up door. Signage rights are available with city permits, and the building includes a secured bank vault with a door.
Located in Hollywood’s media and entertainment corridor, the building sits directly adjacent to Netflix’s expanding campus. It is surrounded by major production and studio operators, including Paramount Studios, Sunset Gower Studios, Milk Studios, and The Lot Studios. Flexible zoning is noted for the property.
The property also offers gated parking for approximately 40 vehicles with valet capability, along with a roll-up door. Signage rights are available with city permits, and the building includes a secured bank vault with a door.
Located in Hollywood’s media and entertainment corridor, the building sits directly adjacent to Netflix’s expanding campus. It is surrounded by major production and studio operators, including Paramount Studios, Sunset Gower Studios, Milk Studios, and The Lot Studios. Flexible zoning is noted for the property.
Key Highlights
- Two‑story freestanding office/creative flex building built in 1982
- Approximately 14,809 SF with elevator access
- Gated parking for about 40 vehicles with valet capability
Local Financial Insights For Office B
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 | $575.8k | $38.88 |
| − Vacancy | −$107.1k | −$7.23 |
| EGI | $468.7k | $31.65 |
| − OpEx | −$117.2k | −$7.91 |
| NOI | $351.5k | $23.74 |
14,809 SF · lease $38.88/SF/yr · vacancy 18.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$5.02M
$4.39M – $5.86M
NOI $351,510 @ 7.0% cap · market cap 3.80%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$300.02M
$262.52M – $350.03M
NOI $21,001,501 @ 7.0% cap · market cap 226.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
ULTIMATE DX
Medical Laboratory
FirmaLab, Inc.
Medical Laboratory
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FAQs
What type of property is this?
Office building - Two-story freestanding building with elevator access and gated parking for about 40 vehicles.
Where is this office building located?
The property is located at 870 Vine Street Los Angeles, CA.
What is the asking price?
The asking price for this property is $9,260,000.
What are key features of this property?
This property features: Two‑story freestanding office/creative flex building built in 1982; Approximately 14,809 SF with elevator access; Gated parking for about 40 vehicles with valet capability
