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    11573 Santa Monica Blvd Los Angeles, CA 90025

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    For Lease
    Contact for pricing

    2,010 SF Executive Office, Santa Monica Blvd

    Lot size:
    2,010 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    400
    This exceptional 2,010-square-foot executive office space is ideally situated on Santa Monica Boulevard in the heart of West Los Angeles. The single-tenant property offers a fantastic opportunity for businesses seeking a prominent location within a vibrant and rapidly developing area. The space is currently vacant and ready for immediate occupancy. The building features subterranean parking, providing convenient and secure parking for tenants and clients. The property's location on Santa Monica Boulevard, one of West Los Angeles' major thoroughfares, ensures high visibility and accessibility. Surrounded by new apartment and retail developments, this space presents a bright future for any business. The property is classified as both retail and office, offering flexibility for a variety of uses. Located in Los Angeles County, California, with a zip code of 90025, this property is easily accessible and benefits from the area's strong infrastructure and amenities. The 2,010 square feet provides ample space for a variety of business configurations. This is a rare opportunity to secure a prime location in a thriving West Los Angeles market. The property's single-tenant status offers simplicity and control. Consider this exceptional space for your business's next chapter. The property is ready for immediate occupancy.

    Property Features for 11573 Santa Monica Blvd

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,010 SF

    Unit(s) available at that property

    Space
    Available space
    Size
    2,010 SF

    HighLights

    • High‑visibility retail space at the northeast corner of Santa Monica Blvd and Federal Ave.
    • Ground floor retail suite beneath a 63‑unit apartment building, featuring floor‑to‑ceiling windows.
    • Corner location offering multiple signage opportunities.
    • Strong demographics: Average household income $140,496.
    • High‑density trade area with a population of 159,669.
    • Convenient freeway access: Less than 0.5 miles from the 405 Freeway and 1.5 miles from the 10 Freeway.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bonsai Coffee Bar Coffee Shop

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store

    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
    -118.4539297
    Latitude
    34.044901

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    FAQs

    What type of property is this?
    Office Property / Space - 2,010 SF Executive Office, Santa Monica Blvd
    Where is this office property / space located?
    The property is located at 11573 Santa Monica Blvd Los Angeles, CA.
    What are key features of this property?
    This property features: High-visibility retail space at the northeast corner of Santa Monica Blvd and Federal Ave.; Ground floor retail suite beneath a 63-unit apartment building, featuring floor-to-ceiling windows.; Corner location offering multiple signage opportunities.
    Request Owner's contact information
    11573 Santa Monica Blvd Los Angeles, CA 90025
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    Los Angeles, CA 90025
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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
    11573 Santa Monica Blvd Los Angeles, CA 90025
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