Two-Story Office Building For
For Sale
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933 N La Brea Ave, Los Angeles, CA
Two-story office building available for purchase.
Property Size18,000 SF
Lot Size0.48 Acres
Price / SF$583.33
Days on Market368
Property Features for 933 N La Brea Ave
General Information
Standard status
Active
Size
18,000 SF
Lot size
0.48 Acres
Property subtype
OFFICE
Properties For Sale
at 933 N La Brea Ave Contact us933 N La Brea Ave AVAILABLE, Now
Floor
3
Size
4,523 SF
Type
OFFICE
Sublease
No
3rd floor office space. Built as post-production offices with 15+ private offices and over-standard HVAC. The 3rd and 4th floor are contiguous to 9,046 SF. Lease term, 1 year (short term).
Contact us 933 N La Brea Ave AVAILABLE, Now
Floor
4
Size
4,523 SF
Type
OFFICE
Sublease
No
4th floor office space. Built as post-production offices with 15+ private offices and over-standard HVAC. The 3rd and 4th floor are contiguous to 9,046 SF. Lease term, 1 year (short term).
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Listing Agency:
CBRE - West Los Angeles
(310) 550-2500
Listed By:
Loralie Ogden · License #00993378
(310) 550-2608
Source:
Moodyscre
Added: Sep 29, 2025
Changed: Sep 13
Last Checked: Oct 1 at 2:04PM
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 CBRE - West Los Angeles
Investment Insights
Based on property information with market context.
This is a two-story office building available for sale. The property offers 18,000 square feet of space.
Key Highlights
- Two story office building for sale
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$427,252
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.07%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$8,545,040
$8.5M
Cap Rate 7%
$6,103,600
$6.1M
Cap Rate 9%
$4,747,244
$4.7M
Market Conditions
NOI Build-Up for 18,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$699.8K $38.88/SF
− Vacancy
−$130.2K −$7.23/SF
EGI
$569.7K $31.65/SF
− OpEx
−$142.4K −$7.91/SF
NOI
$427.3K $23.74/SF
Area
Los Angeles, CA
Vacancy
18.60%
Lease Rate
$38.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$8,545,040
Cap Rate 7%
$6,103,600
Cap Rate 9%
$4,747,244
Alternative Uses
Best Use
Office B
$6.10M
$5.34M – $7.12M
NOI $427,252 @ 7.0% cap · market cap 4.07%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$364.67M
$319.09M – $425.45M
NOI $25,526,843 @ 7.0% cap · market cap 243.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,506
Businesses Nearby
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Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Two-story office building available for purchase.
Where is this office building located?
The property is located at 933 N La Brea Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $10,500,000.
What are key features of this property?
This property features: Two story office building for sale
