Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    2029 Century Park Los Angeles, CA 90067

    Sponsored
    For Lease
    Contact for pricing

    Premium Century City Office Space Available

    Lot size:
    2,650 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    403
    This exceptional Century City office space offers five available suites, perfect for businesses seeking prestigious executive offices. The suites range in size from a compact 150 square feet to a more expansive 1,000 square feet, providing flexibility to accommodate various team sizes and operational needs. Ideally situated at the intersection of Century Park East and West Olympic Boulevard, this location offers unparalleled access to major transportation arteries, ensuring convenient commutes for employees and clients alike. The building's prime location within Century City provides easy access to a wealth of amenities, including upscale dining, high-end retail, and first-class hotels. The multiple tenancy structure allows for a diverse and vibrant work environment. Whether your business requires a small, efficient workspace or a larger suite to accommodate growth, this property offers a sophisticated and convenient solution. The available spaces are ready for immediate occupancy, allowing for a seamless transition into your new office. Contact us today to schedule a viewing and explore the possibilities of establishing your business in this highly desirable Century City location. This is an exceptional opportunity to secure prime office space in one of Los Angeles's most sought-after business districts.

    Property Features for 2029 Century Park

    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
    Century City Office Space For Rent
    Size
    150 SF
    Space
    Office Space For Rent Century City
    Size
    300 SF
    Space
    Century City Office Space For Lease
    Size
    500 SF
    Space
    Century City Office Space For Lease
    Size
    700 SF
    Space
    Creative Office For Rent Century City
    Size
    1,000 SF

    We can help!

    Listing Contact
    Sam Setyan

    Learn more

    HighLights

    • Century City executive office space for lease.
    • Five suites available, ranging from 150 to 1,000 square feet.
    • Located at Century Park East and West Olympic Boulevard.
    Property Profile Location Intelligence

    Current Use by Public Records

    Xerox Of Socal/Las Vegas Copier Repair Service Epiq Systems Inc Electronic Parts Supplier Automobile.com Car Dealer Law Office of Oji ... General Practice Attorney Buche Law Patent Attorney

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Building Supply Daycare Center Gym & Fitness Auto Repair Shop

    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
    -118.413944
    Latitude
    34.0594689

    Nearby Similar for Lease

    • Sponsored
      New
      $94,900

      Business Opportunity - Los Angeles, CA

      Downtown Los Angeles market and deli business for sale.
      1401 W 3Rd St W, Los Angeles, CA 90017
      View Details
    • Sponsored
      New
      $94,900

      Business Opportunity - Los Angeles, CA

      Downtown Los Angeles market and deli business for sale.
      1401 W 3Rd St W, Los Angeles, CA 90017
      View Details
    • Sponsored
      New
      $94,900

      Business Opportunity - Los Angeles, CA

      Downtown Los Angeles market and deli business for sale.
      1401 W 3Rd St W, Los Angeles, CA 90017
      View Details
    • Sponsored
      New
      $94,900

      Business Opportunity - Los Angeles, CA

      Downtown Los Angeles market and deli business for sale.
      1401 W 3Rd St W, Los Angeles, CA 90017
      View Details
    • Sponsored
      New
      $94,900

      Business Opportunity - Los Angeles, CA

      Downtown Los Angeles market and deli business for sale.
      1401 W 3Rd St W, Los Angeles, CA 90017
      View Details
    • Sponsored
      New
      $300,000

      Business Opportunity - Northridge, CA

      Mobile coffee catering business serving the greater Los Angeles area.
      18638 Vincennes St, Northridge, CA 91324
      View Details
    • Sponsored
      New
      $300,000

      Business Opportunity - Northridge, CA

      Mobile coffee catering business serving the greater Los Angeles area.
      18638 Vincennes St, Northridge, CA 91324
      View Details
    • Sponsored
      New
      $300,000

      Business Opportunity - Northridge, CA

      Mobile coffee catering business serving the greater Los Angeles area.
      18638 Vincennes St, Northridge, CA 91324
      View Details
    • $4,512 /Mo
      2,139 SF

      Modern Office Space in San Pedro

      Modern office space for lease in the heart of San Pedro.
      858 W 9Th St, San Pedro, CA 90731
      View Details
    • Contact for pricing
      22,000 SF

      Creative Flex Space in Hollywood

      Reimagined creative flex space in the heart of Hollywood.
      5176 Santa Monica Blvd, Los Angeles, CA 90029
      View Details
    • $18,856 /Mo
      12,036 SF

      Functional Warehouse with Office Space

      Secure Los Angeles warehouse with office, ample parking, and freeway access.
      215 W 134Th St, Los Angeles, CA 90061
      View Details
    • Contact for pricing
      8,688 SF

      Prime Medical/Office Space in Downtown

      8,688 SF medical/office space for lease in Little Tokyo.
      420 E 3Rd St, Los Angeles, CA 90013
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - Premium Century City Office Space Available
    Where is this office property / space located?
    The property is located at 2029 Century Park Los Angeles, CA.
    What are key features of this property?
    This property features: Century City executive office space for lease.; Five suites available, ranging from 150 to 1,000 square feet.; Located at Century Park East and West Olympic Boulevard.
    Request Owner's contact information
    2029 Century Park Los Angeles, CA 90067
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2029 Century Park
    Los Angeles, CA 90067
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    2029 Century Park Los Angeles, CA 90067
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Sam Setyan
    Real Estate License ID: 01910336
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.