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    Property profile & analytics
    OFF-MARKET Estimated value $3,225,000
    Office buildings

    1631 Beverly Blvd, Los Angeles, CA 90026-5710

    17,920 SF 0.26 ac lot Built 1953
    Individually Owned 9-yr Hold Free & Clear
    Property ID
    US09-9631866
    Property summary
    AI-generated overview

    This exceptional Los Angeles office property, located at 1631 Beverly Boulevard, offers a unique opportunity to lease a substantial space in a highly desirable area. The building, constructed in 1953 and classified as Class B, encompasses 17,920 square feet across two stories and sits on a 16,988 square foot lot. Currently, 9,000 square feet of vacant space is available for lease on the second floor, representing the entire floor. This contiguous space is ideal for a single tenant seeking a significant footprint. The building features a total of two suites, with ample parking provided for tenants at a ratio of 3 spaces per 1,000 square feet, totaling 54 spaces in a gated and secured lot. Convenient access to the 101, 110, and 2 freeways ensures easy commutes for employees and clients. The building is elevator-served, providing convenient access to the second-floor space, which also benefits from a separate dedicated entrance. Some existing furniture may be included. Exterior building signage is available. The property is zoned LAC2 and offers a blend of executive and creative office space, making it suitable for a variety of businesses. The asking rate is $1.75 per square foot.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1953
    Construction TILT-UP CONCRETE
    Total area 17,920 SF
    Lot 0.26 ac (11,319 SF)
    Zoning code LAC2
    APN 5159-012-019
    UPID US09-9631866
    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
    Current use
    Occupant on record · Public records
    • Northwestern Mutual Financial Advisor
    • O'Neill Huxtable & Abelson Law Firm
    • Leslie Barnett Attorney At Law Law Firm
    • Magdlen & Wenker Law Firm
    • Larwill & Wolfe Law Firm
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $4.26M
    Blend (final) Blend
    $3.23M
    Owner & transaction history
    Trana K Labowe · 9 yrs held
    Trana K Labowe
    since 2016
    2 recorded transactions
    2016
    2016
    $800,000
    Zoning & alternative use
    LAC2 · Los Angeles, CA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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