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    The Largest CRE Database in the US with Over 1 Million Listings

    10635 Santa Monica Blvd Los Angeles, CA 90025

    Sponsored
    For Lease
    $51 SF/Yr ($17,684 /Mo)

    4,161 SF, Single Tenant, High-Ceiling

    Lot size:
    4,161 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    421
    This exceptional 4,161 square foot executive office suite is ideally located on the second floor of a prestigious building at 10635 Santa Monica Boulevard in Los Angeles, California, zip code 90025. The space boasts a desirable corner location, offering abundant natural light and impressive views. Currently entirely vacant, this single-tenant opportunity presents a unique chance to customize the space to perfectly suit your business needs. The high ceilings, measuring 11 feet, create a spacious and airy atmosphere. The property is classified as an office building within Los Angeles County, and the entire 4,161 square feet is available for immediate occupancy. This is a sublease opportunity, offering flexibility and potential cost savings. The address is conveniently situated in the vibrant Westwood neighborhood, providing easy access to major transportation routes, amenities, and a thriving business community. This turnkey solution is perfect for a company seeking a prestigious and functional workspace in a prime Los Angeles location. The property type is office, specifically an executive office suite, making it suitable for businesses requiring a sophisticated and professional environment. Don't miss this chance to secure this exceptional office space.

    Property Features for 10635 Santa Monica Blvd

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,161 SF
    Total Rate
    17684.25

    Spaces For Lease

    at 10635 Santa Monica Blvd, Los Angeles, CA 90025 Contact us
    Unit Suite 220

    $51 /Mo

    Size
    4,161 SF
    Contact us

    We can help!

    Listing Contact
    Jeff Galvan
    Jeff Galvan

    Learn more

    Property Insight Report

    HighLights

    • Corner 2nd floor office with abundant natural light and open layout.
    • Suite 220, accessible via building atrium.
    • Two‑year sublease with option to directly lease.
    • On‑site property management and electric vehicle charging stations.
    • Eleven‑foot ceilings.
    Property Profile Location Intelligence

    Current Use by Public Records

    digital entertainment group Film Production Ortho Oasis - Rafaele ... Dental Office Acupunture and Traditional Chinese ... Medical Clinic Kantarjian Artin D ... Physician ALTOUR Travel Agency

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness 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
    -118.4300925
    Latitude
    34.053865

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    FAQs

    What type of property is this?
    Office Property / Space - 4,161 SF, Single Tenant, High-Ceiling
    Where is this office property / space located?
    The property is located at 10635 Santa Monica Blvd Los Angeles, CA.
    What is the lease rate?
    The lease rate is $51 SF/Yr.
    What are key features of this property?
    This property features: Corner 2nd floor office with abundant natural light and open layout.; Suite 220, accessible via building atrium.; Two-year sublease with option to directly lease.
    Request Owner's contact information
    10635 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.

    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
    10635 Santa Monica Blvd Los Angeles, CA 90025
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    Listing Contact
    Jeff Galvan
    Jeff Galvan
    Real Estate License ID: 01291531
    Learn more
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