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

    355 Grand Ave Los Angeles, CA 90071

    Sponsored
    For Lease
    Contact for pricing

    Prestigious LA Office Space Available

    Lot size:
    2,650 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    426
    This exceptional offering presents five executive office suites for lease at the prestigious 355 S Grand Ave address in downtown Los Angeles, CA 90071. The available spaces range in size from a compact 150 square feet to a more substantial 1,000 square feet, catering to a variety of business needs and team sizes. The property is classified as a multi-tenant building, offering a vibrant and collaborative work environment. Each suite is designed as an executive office, promising a professional and sophisticated setting for your business operations. The building's location in the heart of downtown Los Angeles provides unparalleled access to a wealth of amenities, including convenient transportation links, upscale dining options, and a thriving business community. The specific amenities offered within the building are not detailed, but the marketing materials highlight a commitment to providing a high-quality and comfortable workspace. This prime location and flexible space options make this an ideal opportunity for businesses seeking a prestigious and functional office space in the dynamic Los Angeles market. Interested parties are encouraged to inquire for further details and scheduling a viewing. The property is situated at 34.052082 latitude and -118.2525405 longitude.

    Property Features for 355 Grand Ave

    General Information

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

    Spaces For Lease

    at 355 Grand Ave, Los Angeles, CA 90071 Contact us

    We can help!

    Listing Contact
    Sam Setyan

    Learn more

    Property Insight Report

    HighLights

    • Five executive office suites available for lease at 355 S Grand Ave, Los Angeles, CA 90071.
    • Suite sizes range from 150 to 1,000 square feet.
    • Multi‑tenant building in a vibrant downtown Los Angeles location.
    • Prestigious address offering a professional and sophisticated workspace.
    • Excellent access to transportation, dining, and the business community.
    Property Profile Location Intelligence

    Current Use by Public Records

    Expert Commercial Appliance ... Home Appliance Store Castro & Co. Law Firm Moschetti Law Group ... Law Firm DNL Zito Law Firm Joe Netikosol - Winston ... Law Firm

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Daycare Center 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
    -118.2525405
    Latitude
    34.052082

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    FAQs

    What type of property is this?
    Office Property / Space - Prestigious LA Office Space Available
    Where is this office property / space located?
    The property is located at 355 Grand Ave Los Angeles, CA.
    What are key features of this property?
    This property features: Five executive office suites available for lease at 355 S Grand Ave, Los Angeles, CA 90071.; Suite sizes range from 150 to 1,000 square feet.; Multi-tenant building in a vibrant downtown Los Angeles location.
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    355 Grand Ave Los Angeles, CA 90071
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    Los Angeles, CA 90071
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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
    355 Grand Ave Los Angeles, CA 90071
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    Listing Contact
    Sam Setyan
    Real Estate License ID: 01910336
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