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    1901 Avenue Of The Stars Los Angeles, CA 90067

    Sponsored
    For Lease
    Contact for pricing

    Prestigious Century City offices, 5 spaces available.

    Lot size:
    2,650 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    402
    This exceptional offering presents five executive office suites for lease in the highly sought-after Century City area of Los Angeles, California. Located at 1901 Avenue of the Stars, this prime location boasts convenient access to Santa Monica Boulevard and a wealth of amenities. The available spaces range in size from 150 square feet to 1,000 square feet, catering to a variety of business needs and sizes. The property is classified as a multi-tenant building, offering a professional and collaborative environment. These move-in ready offices are perfect for businesses seeking a prestigious address and immediate occupancy. The zip code is 90067. The property's coordinates are 34.0599547800924 latitude and -118.41729973639237 longitude. Further details regarding specific suite configurations and lease terms are available upon request. This is an unparalleled opportunity to establish your business in one of Los Angeles' most desirable commercial districts. Inquire today to secure your ideal workspace.

    Property Features for 1901 Avenue Of The Stars

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,650 SF

    Unit(s) available at that property

    Space
    Century City Office Space For Rent
    Size
    150 SF
    Space
    Century City Office Space For Lease
    Size
    500 SF
    Space
    Office Space For Rent Century City
    Size
    300 SF
    Space
    Office Space For Lease Century City
    Size
    700 SF
    Space
    Creative Office For Rent Century City
    Size
    1,000 SF

    HighLights

    • Five executive suites available for lease in Century City, Los Angeles.
    • Located at 1901 Avenue of the Stars, with easy access to Santa Monica Boulevard.
    • Suite sizes range from 150 to 1,000 square feet.
    • Move‑in ready offices in a multi‑tenant building.
    • Prestigious Century City address (Zip code 90067).
    Property Profile Location Intelligence

    Current Use by Public Records

    West Coast Film ... Video Production Service Master Electric Gate ... Fence Contractor Diament Patent Law, ... Patent Attorney Marcus Watanabe & Dave Insurance Attorney Anker Reed Hymes ... Legal Services

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Law Firm Nail Salon Building Supply Auto Repair Shop Gym & Fitness

    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
    -118.41729973639
    Latitude
    34.059954780092

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    FAQs

    What type of property is this?
    Office Property / Space - Prestigious Century City offices, 5 spaces available.
    Where is this office property / space located?
    The property is located at 1901 Avenue Of The Stars Los Angeles, CA.
    What are key features of this property?
    This property features: Five executive suites available for lease in Century City, Los Angeles.; Located at 1901 Avenue of the Stars, with easy access to Santa Monica Boulevard.; Suite sizes range from 150 to 1,000 square feet.
    Request Owner's contact information
    1901 Avenue Of The Stars Los Angeles, CA 90067
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    Los Angeles, CA 90067
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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
    1901 Avenue Of The Stars Los Angeles, CA 90067
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