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    2332-2340 Centinela Ave Los Angeles, CA 90064

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    For Sale
    Contact for pricing

    12,532 SF Creative Office, High NOI

    Property size:
    12,532 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 12,532-square-foot creative office and post-production compound in Los Angeles, CA (90064), presents a unique investment opportunity. Situated on a 16,117-square-foot lot, this property boasts four separate studios, each equipped with high-end appliances (Sub-Zero, Viking, Wolf) and ample power (nearly 1,200 amps total). The property underwent extensive renovations in 2007, with further updates in 2022, including new electrical, roofing, plumbing, windows, doors, and hardware. Features include high-height sandblasted wood ceilings, Torrance steel windows, polished concrete floors, and efficient heating and cooling systems with packaged units and supplemental A/C for server rooms. Currently 81% occupied, the property generates a strong Net Operating Income (NOI) of $703,670. Zoned M1, it offers 17 parking spaces and prominent billboard signage opportunities. A large studio (Unit B) will become vacant in August 2025, presenting an ideal owner-user scenario. The property's location provides convenient access to major freeways (10 FWY), and nearby areas like West LA, Venice, and Santa Monica. This property has historically attracted media and entertainment companies specializing in post-production and visual effects.

    Property Features for 2332-2340 Centinela Ave

    General Information

    Property type
    Office space
    Square Feet
    12,532 SF

    Building Details

    Year Renovated
    2007

    HighLights

    • State‑of‑the‑art creative office and post‑production facility in West LA, bordering Santa Monica.
    • Fully renovated in 2007, with significant updates in 2022.
    • Ample power (nearly 1200 amps) and cooling capacity for media production.
    • High‑end finishes, including Sub‑Zero, Wolf, and Viking appliances.
    • Convenient access to West LA, Venice, and Santa Monica via the 10 FWY.
    • High‑height sandblasted wood ceilings, Torrance steel windows, and polished concrete floors.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon 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
    -118.4542337
    Latitude
    34.0288892

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    FAQs

    What type of property is this?
    Office space - 12,532 SF Creative Office, High NOI
    Where is this office space located?
    The property is located at 2332-2340 Centinela Ave Los Angeles, CA.
    What are key features of this property?
    This property features: State-of-the-art creative office and post-production facility in West LA, bordering Santa Monica.; Fully renovated in 2007, with significant updates in 2022.; Ample power (nearly 1200 amps) and cooling capacity for media production.
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    Realmo Value Estimation

    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.

    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
    2332-2340 Centinela Ave Los Angeles, CA 90064
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