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    1875 Century Park Los Angeles, CA 90067

    • Office buildings
    • 928,617 SF
    • 4.34 lot acres
    For Lease
    View listing
    Value Estimations
    $1,135,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-6540944
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Kaplan Wanger LLP / Law Firm
    • Newmark / Commercial Real Estate Agency
    • liora moreh / Legal Services
    • Simkin & Associates / Real Estate Attorney
    • Delaney Elspeth K / Insurance Attorney

    Property Details for 1875 Century Park

    Year built
    1980
    Construction
    STEEL FRAME
    Lot size
    4.34 lot acres
    Property size
    928,617 SF
    Zone code
    LAC2
    Property type
    Office buildings
    APN
    4319-002-060
    APU
    4319002060

    Description

    This exceptional retail and restaurant property, located at 1875 Century Park East in Los Angeles, California, 90067, offers a unique investment opportunity. The building boasts a total of 900,000 square feet spread across 23 stories, providing ample space for a variety of commercial uses. Currently, there are two available retail spaces, ranging in size from 1,140 square feet to 3,210 square feet, perfect for businesses seeking high-visibility locations. The property's prime location in Los Angeles County ensures high foot traffic and excellent exposure. With a total of 4,350 square feet currently vacant, this presents a chance to establish a thriving business within a well-established commercial complex. The multiple tenancy structure allows for diverse businesses to coexist, creating a vibrant and dynamic environment. This property is ideal for businesses seeking a prominent presence in a bustling area of Los Angeles. The building's impressive size and strategic location make it an attractive option for both established businesses and new ventures. The available spaces offer flexibility in terms of size and layout, catering to a range of business needs. Don't miss this chance to secure a prime retail space in one of Los Angeles's most desirable commercial districts. Contact us today to learn more about leasing opportunities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,175,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,091,000
      Market price range: $604k - $5.97M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.415
    Latitude
    34.061
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $3,266,600
    $46,933,614
    $214,706,331
    $261,639,945
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $5,885,000
      22,844 SF

      10203 Santa Monica Blvd

      OFFICE BUILDING • 22,844 SF
      10203 Santa Monica Blvd, Los Angeles, CA 90067-6405
      View Details
    • Value Estimation
      $1,190,000
      840,124 SF

      1999 Ave Of The Stars

      OFFICE BUILDING • 840,124 SF
      1999 Ave Of The Stars, Los Angeles, CA 90067-6022
      View Details
    • Value Estimation
      $1,045,000
      625,631 SF

      1900 Ave Of The Stars, Unit 1560

      OFFICE BUILDING • 625,631 SF
      1900 Ave Of The Stars, Los Angeles, CA 90067-4301
      View Details
    • Value Estimation by Request
      249,952 SF

      1800 Century E Park

      OFFICE BUILDING (MULTI-STORY) • 249,952 SF
      1800 Century E Park, Los Angeles, CA 90067-1501
      View Details
    • Value Estimation
      $965,000
      3,096 SF

      10215 Santa Monica Blvd

      PROFESSIONAL BUILDING • 3,096 SF
      10215 Santa Monica Blvd, Los Angeles, CA 90067-6403
      View Details
    • Value Estimation by Request
      338,953 SF

      1840 Century E Park

      OFFICE BUILDING (MULTI-STORY) • 338,953 SF
      1840 Century E Park, Los Angeles, CA 90067-2101
      View Details

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      Century City Condominium with Amenities

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    Similar Nearby for Lease

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      Regus Los Angeles Office Space

      Prime LA office, coworking & meeting rooms.
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      Century City Executive Suites

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      Century City Executive Suites

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      View Details
    • Contact for pricing
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      Century City Executive Suites

      Prestigious Century City offices, 5 spaces available.
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    • $22 SF/Yr
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      Avenue of the Stars Office Suites

      Premium Century City Workspace, Flexible Options
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    • Contact for pricing

      Office Space for Rent

      Office space available for lease in Los Angeles, CA.
      2000 Avenue Of The Stars, Los Angeles, CA 90067
      View Details
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    1875 Century Park
    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
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