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    5757 Wilshire Boulevard Los Angeles, CA 90036

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    530,000 SF Class A office building in Miracle Mile.

    Type:Office
    Property size:
    530,000 SF
    Added:
    Nov 12, 2022
    Days on Market:
    1259
    Last Refresh:
    Mar 17 at 1:18 pm

    Property Features for 5757 Wilshire Boulevard

    General Information

    Standard status
    Active
    Size
    530,000 SF
    Property subtype
    Office

    Spaces For Lease

    at 5757 Wilshire Boulevard Contact us

    Suite 103-Mez $2.00 /Mo

    Size
    1,118 SF
    Type
    Office
    Custom built recording studio space with a larger recording booth and a solo booth....
    show more
    Contact us

    Suite 100-Mez $2.00 /Mo

    Size
    8,076 SF
    Type
    Office
    20 offices and large open work area.nLease Term: One (1) to Ten (10) years
    Contact us

    Suite 107-Mez $2.00 /Mo

    Size
    4,366 SF
    Type
    Office
    Mostly raw space with exposed ducting and concrete ceilingnLease Term: One (1) to...
    show more
    Contact us

    Suite 120 $3 /Mo

    Size
    1,007 SF
    Type
    Office
    Move-in ready sundry shop prominently located in the newly renovated lobby.nLease...
    show more
    Contact us

    Suite 300 A/B and 300 C/D $3 /Mo

    Size
    18,303 SF
    Type
    Office
    Suite 300 A/B and 300 C/D can be combined for a total of 18,303 rsf
    Contact us

    Suite 300 A/B $3 /Mo

    Size
    8,810 SF
    Type
    Office
    High end creative spec suite in progress with 13’ exposed ceilings, with upgraded...
    show more
    Contact us

    Suite 300 C/D $3 /Mo

    Size
    9,493 SF
    Type
    Office
    Lease Term: One (1) to Ten (10) yearsnHigh end creative spec suite in progress with...
    show more
    Contact us

    Suite 206 $3 /Mo

    Size
    7,482 SF
    Type
    Office
    High end creative office with 13’ exposed ceilings, concrete floors, and upgraded...
    show more
    Contact us

    Suite 470 $3 /Mo

    Size
    2,652 SF
    Type
    Office
    Studio/production space with large studio area, 2 production rooms and 1 storagenroom....
    show more
    Contact us

    Suite 480 $3 /Mo

    Size
    1,998 SF
    Type
    Office
    2 large window offices, 2 interior offices,large open workspace and kitchen.nLease...
    show more
    Contact us

    Suite 670 $3 /Mo

    Size
    8,573 SF
    Type
    Office
    Move-in ready condition professional office. Reception, 3 conference rooms, 7nwindow...
    show more
    Contact us

    Suite 455 $3 /Mo

    Size
    943 SF
    Type
    Office
    Professional spec suite in progress. Reception, conference room, 2 offices, opennworkspace...
    show more
    Contact us

    Suite 530 $3 /Mo

    Size
    894 SF
    Type
    Office
    Professional spec suite in progress with high end finishes including extensive use...
    show more
    Contact us

    Suite 401 $3 /Mo

    Size
    2,223 SF
    Type
    Office
    Move in Ready professional spec suite. Reception, 3 Window offices, Conferencenroom,...
    show more
    Contact us

    Suite 435 $3 /Mo

    Size
    1,034 SF
    Type
    Office
    Brand new spec suite. Reception, conference room, 1 window office, 1 interior office.nLease...
    show more
    Contact us

    Suite 315 $3 /Mo

    Size
    1,212 SF
    Type
    Office
    Professional spec suite in progress. Reception, conference room, 2 offices, open...
    show more
    Contact us

    Suite 372 $3 /Mo

    Size
    2,549 SF
    Type
    Office
    Lease Term: One (1) to Ten (10) yearsnProfessional spec suite in progress. Reception/...
    show more
    Contact us

    Suite 568 $3 /Mo

    Size
    602 SF
    Type
    Office
    Professional spec suite in progress. Reception, conference room, 1 window office...
    show more
    Contact us

    Suite 483 $3 /Mo

    Size
    2,027 SF
    Type
    Office
    Professional spec suite in progress. Reception, conference room, 4 offices, opennworkspace...
    show more
    Contact us

    Suite 400 $3 /Mo

    Size
    3,316 SF
    Type
    Office
    Professional spec suite in progress. Reception, conference room, 5 offices, large...
    show more
    Contact us

    Suite 485 $3 /Mo

    Size
    2,316 SF
    Type
    Office
    Professional spec suite in progress. Reception, conference room, 4 offices, open...
    show more
    Contact us

    Suite 940 $3 /Mo

    Size
    1,226 SF
    Type
    Office
    Professional spec suite in progress. Reception, conference room, 2 offices, open...
    show more
    Contact us

    Suite 535 $3 /Mo

    Size
    2,552 SF
    Type
    Office
    Professional spec suite in progress. Reception, conference room, 5 offices, large...
    show more
    Contact us
    Show more

    We can help!

    Listing Contact
    GREG ASTOR

    Listing agent GREG ASTOR License #CA #02021777

    Listing office JLL - Los Angeles (West), California

    Listing date Nov 12, 2022

    Source Crexi

    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 JLL - Los Angeles (West), California

    Overview

    Class A Miracle Mile Office

    This Class A office building offers 530,000 square feet of space across 11 stories. It is situated in the heart of Miracle Mile.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    iPost,LLC Film Production Law Office of Pamela ... Law Firm Allaire Dental Care- ... Dental Office Forever Smile Dental ... Dental Office Museum Dental Center Dental Office

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.35342
    Latitude
    34.0626

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    FAQs

    What type of property is this?
    Office building - 530,000 SF Class A office building in Miracle Mile.
    Where is this office building located?
    The property is located at 5757 Wilshire Boulevard Los Angeles, CA.
    What are key features of this property?
    This property features: Class A office building; Boasting 530,000 sf; 11‑story building
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    GREG ASTOR
    Real Estate License ID: CA #02021777
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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