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    10940 Wilshire Blvd Los Angeles, CA 90024

    Sponsored
    For Lease
    Contact for pricing

    Prestigious Westwood office space available.

    Lot size:
    2,650 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    400
    This exceptional executive office suite opportunity is located at 10940 Wilshire Boulevard in the vibrant Westwood neighborhood of Los Angeles, California, zip code 90024. The property offers multiple tenancy options, with five individual suites currently available, ranging in size from 150 square feet to 1,000 square feet. Ideal for businesses seeking a prestigious address and flexible workspace solutions, these suites are perfect for entrepreneurs, small businesses, or established companies needing expansion space. The building boasts a prime location on Wilshire Boulevard, providing excellent visibility and convenient access to major transportation routes. Amenities are available, creating a comfortable and productive work environment. The property is categorized as an office building with executive office sub-type. This is a fantastic chance to secure a well-situated office space in one of Los Angeles's most desirable areas. Interested parties are encouraged to inquire further to explore the available suite sizes and learn more about the specific amenities offered. The property is situated at 34.0580457 latitude and -118.4450372 longitude.

    Property Features for 10940 Wilshire Blvd

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,650 SF

    Unit(s) available at that property

    Space
    Westwood Office Space for Rent
    Size
    150 SF
    Space
    Office Space for Rent Westwood
    Size
    300 SF
    Space
    Office Space for Lease Westwood
    Size
    500 SF
    Space
    Westwood Office Space for Lease
    Size
    700 SF
    Space
    Creative Office Space for Rent Westwood
    Size
    1,000 SF

    HighLights

    • Executive suites available in Westwood, Los Angeles, CA 90024 at 10940 Wilshire Blvd.
    • Five individual suites ranging from 150 to 1,000 square feet.
    • Prestigious Wilshire Boulevard location with excellent visibility and access to transportation.
    • Amenities included; ideal for entrepreneurs, small businesses, and expanding companies.
    • Office building with executive suite sub‑type.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Bickel Law Firm, ... Law Firm Sunbit Financial Institution Exquisite Rugs Carpet Wholesaler CGS3 Law Firm ... Legal Services IP and Business Law ... Attorney

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Building Supply 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
    -118.4450372
    Latitude
    34.0580457

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    FAQs

    What type of property is this?
    Office Property / Space - Prestigious Westwood office space available.
    Where is this office property / space located?
    The property is located at 10940 Wilshire Blvd Los Angeles, CA.
    What are key features of this property?
    This property features: Executive suites available in Westwood, Los Angeles, CA 90024 at 10940 Wilshire Blvd.; Five individual suites ranging from 150 to 1,000 square feet.; Prestigious Wilshire Boulevard location with excellent visibility and access to transportation.
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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.

    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
    10940 Wilshire Blvd Los Angeles, CA 90024
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