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    11340 W Olympic Blvd Los Angeles, CA 90064

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    Property profile & analytics

    11340 W Olympic Blvd Los Angeles, CA 90064

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    • Office buildings
    • 113,155 SF
    • 1.93 lot acres
    For Lease
    $29,430,000
    View Listing →
    Office Space For Lease For Lease
    $29,430,000

    Office Space For Lease

    Office space available for lease in Los Angeles, CA.

    11340 W Olympic Blvd, Los Angeles, CA 90064
    View Listing
    Property ID
    US09-7075385
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • David Weiss Law / Law Firm
    • Zhai Acupuncture Center / Medical Clinic / Alternative Medicine Practice
    • Dr. Todd H. Yamada, DDS / Dental Office
    • Dr. Daraporn Tanpattana, DDS / Dental Office
    • Ko Bernice T DDS / Dental Office

    Property Details for 11340 W Olympic Blvd

    Year built
    1963
    Construction
    TILT-UP CONCRETE
    Lot size
    1.93 lot acres
    Property size
    113,155 SF
    Zone code
    LAM2
    Property type
    Office buildings
    APN
    4260-019-017
    APU
    4260019017

    Description

    This exceptional three-story creative office building in Los Angeles, CA, offers 11 available suites ranging from 799 to 4,592 square feet. Located at 11340 W Olympic Blvd, 90064, this courtyard-style building boasts convenient street-level access and secure covered parking. The property features newly renovated suites with efficient floor plans, including private offices, conference rooms, and employee kitchens. Enjoy the convenience of outdoor seating and a prime location within walking distance of the vibrant Sawtelle restaurant corridor. Benefit from easy access to major freeways, including the 405 and 10, ensuring seamless commutes for your employees and clients. This centrally located West Los Angeles property provides a dynamic and functional workspace in a highly desirable area. The multiple tenancy structure offers flexibility for businesses of various sizes. The building's modern amenities and convenient location make it an ideal choice for companies seeking a thriving and accessible work environment in the heart of West Los Angeles.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $47,920,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.441
    Latitude
    34.037
    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
    $609,911
    $34,996,676
    $14,764,222
    $49,760,898
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      View Details
    • Value Estimation
      $10,280,000
      46,685 SF

      10345 Olympic Blvd

      OFFICE BUILDING (MULTI-STORY) • 46,685 SF
      10345 Olympic Blvd, Los Angeles, CA 90064-2524
      View Details
    • Value Estimation
      $1,795,000
      5,079 SF

      11849 Olympic Blvd

      OFFICE BUILDING • 5,079 SF
      11849 Olympic Blvd, Los Angeles, CA 90064-1155
      View Details
    • Value Estimation
      $14,230,000
      418,909 SF

      11835 Olympic Blvd

      OFFICE BUILDING (MULTI-STORY) • 418,909 SF
      11835 Olympic Blvd, Los Angeles, CA 90064-5001
      View Details
    • Value Estimation
      $15,530,000
      66,191 SF

      11300 Olympic Blvd

      OFFICE BUILDING (MULTI-STORY) • 66,191 SF
      11300 Olympic Blvd, Los Angeles, CA 90064-1637
      View Details
    • Value Estimation
      $910,000
      4,609 SF

      2346 Westwood Blvd

      OFFICE BUILDING (MULTI-STORY) • 4,609 SF
      2346 Westwood Blvd, Los Angeles, CA 90064-2125
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,724 SF

      West Los Angeles Office Building

      Office building for sale in a vibrant West Los Angeles neighborhood.
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      Office/Flex Building For Sale

      Office/flex building suitable for various commercial uses.
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      Flex Space Opportunity in Los Angeles

      Two-building flex space totaling 14,837 SF in Los Angeles.
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      View Details
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      9,200 SF

      Mixed-Use Retail/Office Building Opportunity

      Mixed-use retail/office building for sale in Los Angeles.
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      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Leased Office Building in Los Angeles

      100% leased office building. No current availability.
      2238 Purdue Ave, Los Angeles, CA 90064
      View Details
    • Contact for pricing

      Leased Office Building in Los Angeles

      Fully leased office building in a prime Los Angeles location.
      2217 Pontius Ave, Los Angeles, CA 90064
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      Westwood Boulevard Boutique Office Space

      Boutique office building in prime West LA location.
      2300 Westwood Blvd, Los Angeles, CA 90064
      View Details
    • $1.80 SF/Yr
      15,990 SF

      Renovated Freestanding Office Building

      Two-story office building with modern renovations and flexible layout.
      2229 Barry Ave, Los Angeles, CA 90064
      View Details
    • Contact for pricing

      Premium Office Space Available

      Prestigious office building with prime freeway visibility and modern amenities.
      10801 National Blvd, Los Angeles, CA 90064
      View Details
    • $2 SF/Yr

      Upgraded Office Space with Patio

      Office space featuring upgrades, kitchen, patio, and operable windows.
      Cheviot Hl, Los Angeles, CA 90064
      View Details
    View Listing
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    Los Angeles, CA 90064
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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.

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