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    OFF-MARKET
    Office Spaces

    5830 Obama Blvd, Los Angeles, CA 90016

    40,000 SF Built 1967
    Property ID
    Property summary
    AI-generated overview

    This exceptional 40,000-square-foot executive office building, situated at 5830 Obama Boulevard in Los Angeles, CA 90016, presents a unique investment opportunity. Built in 1967 and extensively renovated in 2018, the property boasts a modern façade with floor-to-ceiling windows, maximizing natural light throughout its open floor plan. The 14-foot exposed ceilings add to the spacious feel, offering endless layout possibilities for a variety of uses. The building sits on a 39,981-square-foot lot and includes ample parking with 167 spaces, including 71 surface spaces and 96 spaces with valet assist. Its location in the Jefferson Creative Office Corridor/Hayden Tract, just west of La Cienega Boulevard, places it in one of Los Angeles's most sought-after Westside submarkets, close to major tech and media companies. The property is zoned C4 and offers potential for a leaseback of a single floor, generating additional income. Seller financing is available, making this a compelling investment. The building's proximity to the Ballona Creek bike path provides easy access to Marina del Rey, Santa Monica, and the South Bay beach cities. The property will be delivered vacant upon close of escrow. A new elevator is also included.

    Property profile
    Verified
    Property type Office Spaces
    Year built 1967
    Total area 40,000 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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