Freestanding Office and Creative
For Sale
$8,700,000
870 Vine St, Los Angeles, CA 90038
Two-story freestanding building with elevator access and gated parking for about 40 vehicles.
Property Size14,809 SF
Days on Market156
Property Features for 870 Vine St
General Information
Standard status
Active
Size
14,809 SF
Property subtype
Office
Building Details
Building Size
14,809 SF
Year Built
1982
Listed By:
Andrew Wilson
(310) 899-2717
Source:
Lee-associates
Added: May 20
Changed: Oct 8
Last Checked: Oct 20 at 6:12PM
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 Andrew Wilson
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$351,510
Cap Rate
4.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,030,200
$7.0M
Cap Rate 7%
$5,021,571
$5.0M
Cap Rate 9%
$3,905,667
$3.9M
Market Conditions
NOI Build-Up for 14,809 SF
Gross rent
$575.8K $38.88/SF
− Vacancy
−$107.1K −$7.23/SF
EGI
$468.7K $31.65/SF
− OpEx
−$117.2K −$7.91/SF
NOI
$351.5K $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%
$7,030,200
Cap Rate 7%
$5,021,571
Cap Rate 9%
$3,905,667
Alternative Uses
Best Use
Office B
$5.02M
$4.39M – $5.86M
NOI $351,510 @ 7.0% cap · market cap 4.04%
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 241.40%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
3,043
Businesses Nearby
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Business Placement
Demographics for 90038, CA
27,414
Population
14,998
Households
1.8
Avg Household Size
36
Median Age
41%
College-Educated
76%
High-School Grad
1.5 sq mi
ZIP Area
18,276
Density / Sq Mi
$61,566
Median Household Income
$36,844
Median Earnings
$1,764
Median Rent
$1,089,200
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 - 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 St Los Angeles, CA.
What is the asking price?
The asking price for this property is $8,700,000.
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
