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    2154 Sunset Blvd Los Angeles, CA 90026

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    2154 Sunset Blvd Los Angeles, CA 90026

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    • Office buildings
    • 34,300 SF
    • 0.29 lot acres
    For Sale
    $6,500,000
    View Listing →
    Art Deco Creative Office Building For Sale
    $6,500,000
    15,534 SF

    Art Deco Creative Office Building

    Creative office building with improvements and rooftop terrace.

    2154 Sunset Blvd, Los Angeles, CA 90026
    View Listing
    Property ID
    US09-8257428
    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

    • PETA / Charitable Organization / Social Service Agency

    Property Details for 2154 Sunset Blvd

    Year built
    1930
    Construction
    TILT-UP CONCRETE
    Lot size
    0.29 lot acres
    Property size
    34,300 SF
    Zone code
    LAC2
    Property type
    Office buildings
    APN
    5402-030-016
    APU
    5402030016

    Description

    This exceptional 15,534-square-foot Class A creative office building at 2154 West Sunset Boulevard in Los Angeles, California, presents a unique owner-user opportunity. Built in 1930 and extensively renovated in 2012, this two-story Art Deco structure boasts stunning architecture and interior improvements. Situated on a 12,730-square-foot lot, the property features a dramatic rooftop terrace, perfect for entertaining or enjoying city views. Additional highlights include a warehouse and storage area with a roll-up door, providing ample space for various needs. The building benefits from solar panels, reducing energy costs, and generates supplemental income from a billboard. Located in the desirable Echo Park neighborhood, this property offers a prime Sunset Boulevard address with LAC2 permitted zoning. The single-unit building is offered for sale by owner. This is a rare chance to acquire a meticulously maintained, income-producing asset in a highly sought-after location. The property's combination of historical charm, modern amenities, and prime location makes it an ideal investment for discerning buyers. The APN is 5402-030-016.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $8,145,000
      Market price range: $8.15M - $27.2M

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.266
    Latitude
    34.0773
    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
    $3,713
    $1,803,352
    $863,613
    $2,666,965
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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    • Value Estimation
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      4,786 SF

      1663 Beverly Blvd

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      1663 Beverly Blvd, Los Angeles, CA 90026-5747
      View Details
    • Value Estimation
      $1,700,000
      4,367 SF

      3531 Sunset Blvd

      OFFICE BUILDING • 4,367 SF
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      View Details
    • Value Estimation by Request
      400 SF

      1647 Beverly Blvd

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    • Value Estimation
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      4,050 SF

      305 Parkman Ave

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    • Value Estimation by Request
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      1725 Silver Lk Blvd

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    Similar Nearby for Sale

    • $6,500,000
      15,534 SF

      Creative Office Building on Sunset

      Creative office building with rooftop terrace for sale.
      2154 W Sunset Blvd, Los Angeles, CA 90026
      View Details
    • Contact for pricing
      15,534 SF

      Art Deco Creative Office Building

      Creative office building with improvements and rooftop terrace.
      2154 Sunset Blvd, Los Angeles, CA 90026
      View Details
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      Single-Story Commercial Building For Sale

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      6,940 SF

      Echo Park Multi-Use Property

      Two-story retail/creative office compound in Echo Park with parking.
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      Creative Commercial Building with Lofts

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    Similar Nearby for Lease

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      Silver Lake Commercial Space

      Newly renovated commercial space in the heart of Silver Lake.
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      Echo Park Multi-Use Property

      Multi-use property in Echo Park with on-site parking.
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      View Details
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      Echo Park Village Retail Space

      Unique retail center near downtown Los Angeles with diverse tenants.
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      View Details
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      25,827 SF

      Echo Park Land Available

      25,827 SF land available in Echo Park.
      600-606 N Alvarado St, Los Angeles, CA 90026
      View Details
    • Contact for pricing
      1,678 SF

      Silver Lake Retail Space Available

      Prime Silver Lake retail space in a 1928 building.
      2807 Sunset Blvd, Los Angeles, CA 90026
      View Details
    View Listing
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    Los Angeles, CA 90026
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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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