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    11755 Wilshire Blvd Los Angeles, CA 90025

    Sponsored
    For Lease
    $63 SF/Yr

    Executive Suites, Los Angeles, CA

    Lot size:
    358,478 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    400
    This Class A office building at 11755 Wilshire Boulevard in Los Angeles, CA (zip code 90025) offers a prime location for businesses seeking executive office space. The property boasts a total of 358,478 square feet, with a significant amount of vacant space currently available, totaling 114,899 square feet. Multiple tenancy options are available, catering to a range of business sizes and needs. Individual suites range from a minimum of 1,183 square feet to a maximum contiguous space of 18,890 square feet, providing flexibility for expansion or downsizing. Thirteen spaces are currently available for lease. The building's prestigious address on Wilshire Boulevard offers excellent visibility and accessibility, making it an ideal location for businesses seeking a high-profile presence in the heart of Los Angeles. The property's "Executive Office" subtype signifies a commitment to providing a sophisticated and professional work environment. This is an exceptional opportunity to secure high-quality office space in a highly desirable location. The building's Class A designation reflects its superior construction, amenities, and overall quality. Interested parties are encouraged to inquire about available spaces and lease terms. The property is situated at 34.048726419120555 latitude and -118.46168256154911 longitude.

    Property Features for 11755 Wilshire Blvd

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    358,478 SF
    Class
    A
    Total Rate
    1882009.5

    Unit(s) available at that property

    Space
    Suite 800
    Size
    18,493 SF
    Rate per SF
    $63
    Space
    Suite 1250
    Size
    7,615 SF
    Rate per SF
    $66
    Space
    Suite 1380
    Size
    1,183 SF
    Rate per SF
    $66
    Space
    Suite 1390
    Size
    2,028 SF
    Rate per SF
    $66
    Space
    Suite 1450
    Size
    5,234 SF
    Rate per SF
    $66
    Space
    Suite 1500
    Size
    18,890 SF
    Rate per SF
    $66
    Space
    Suite 1600
    Size
    5,498 SF
    Rate per SF
    $66
    Space
    Suite 1670
    Size
    4,513 SF
    Rate per SF
    $66
    Space
    Suite 1700
    Size
    18,890 SF
    Rate per SF
    $69
    Space
    Suite 1800
    Size
    18,555 SF
    Rate per SF
    $69
    Space
    Suite 2350
    Size
    2,578 SF
    Rate per SF
    $69
    Space
    Suite 2380
    Size
    2,714 SF
    Rate per SF
    $69
    Space
    Suite 2400
    Size
    8,810 SF
    Rate per SF
    $69

    HighLights

    • High‑quality, recently renovated building with upgraded common areas.
    • Modernized lobby.
    • Stunning panoramic ocean, mountain, and city views.
    • On‑site valet parking.
    • State‑of‑the‑art fitness center under construction.
    • LEED Gold certification.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mesa West Capital Mortgage Lender Pirali Hilda CPA Accountant Rosenblatt Charles H ... Accountant Punzalan Carlos G ... Accountant Mac Repair Center Computer Repair Service

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon 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
    -118.46168256155
    Latitude
    34.048726419121

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    FAQs

    What type of property is this?
    Office Property / Space - Executive Suites, Los Angeles, CA
    Where is this office property / space located?
    The property is located at 11755 Wilshire Blvd Los Angeles, CA.
    What is the lease rate?
    The lease rate is $63-$69 SF/Yr.
    What are key features of this property?
    This property features: High-quality, recently renovated building with upgraded common areas.; Modernized lobby.; Stunning panoramic ocean, mountain, and city views.
    Request Owner's contact information
    11755 Wilshire 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
    11755 Wilshire Blvd Los Angeles, CA 90025
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