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    Property profile & analytics

    3151 Cahuenga Blvd Los Angeles, CA 90068

    • Office buildings
    • 36,711 SF
    • 0.35 lot acres
    For Lease
    View listing
    $2 SF/Yr
    Last Sale
    Jul 22, 2024
    $4,825,000
    Value Estimations
    $4,825,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7038985
    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

    • 3DVRE / Real Estate Agency
    • Claire Lopaty Therapy / Psychotherapist / Emdr Psychotherapist
    • Vantedge Studios / Marketing Agency
    • Yely Beauty / Permanent Make-Up Clinic
    • Envoy Hospice Care / Hospice

    Property Details for 3151 Cahuenga Blvd

    Year built
    1984
    Construction
    STEEL FRAME
    Lot size
    0.35 lot acres
    Property size
    36,711 SF
    Zone code
    LAC2
    Property type
    Office buildings
    APN
    2429-012-015
    APU
    2429012015

    Description

    This exceptional executive office space, located at 3151 Cahuenga Blvd West in the Tri-Cities submarket of Los Angeles, California, offers a total of 37,700 square feet of premium office space. Currently, 13,292 square feet are available for lease, divisible into units ranging from a minimum of 800 square feet to a maximum contiguous space of 2,300 square feet. Eight individual suites are currently available. The building is situated in Los Angeles County, zip code 90068, providing convenient access to major transportation arteries and amenities. The property features ample parking, with a ratio of 2.5 spaces per 1,000 square feet. This presents a unique opportunity for businesses seeking flexible and modern office solutions in a highly desirable location. The building's executive office configuration is ideal for companies seeking a prestigious address and efficient workspace. The available space is perfect for a variety of businesses, from small startups to established firms needing expansion space. Inquire today to secure your ideal office space in this vibrant Los Angeles location. The property is classified as a multi-tenant building.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,825,000
      ML approach
      $4,825,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.347
    Latitude
    34.1276
    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
    $89,044
    $1,595,485
    $5,495,582
    $7,091,067
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $515,000
      83,915 SF

      3800 Barham Blvd

      OFFICE BUILDING (MULTI-STORY) • 83,915 SF
      3800 Barham Blvd, Los Angeles, CA 90068-1054
      View Details
    • Value Estimation
      $755,000
      7,200 SF

      3500 Cahuenga W Blvd

      OFFICE BUILDING • 7,200 SF
      3500 Cahuenga W Blvd, Los Angeles, CA 90068-1304
      View Details
    • Value Estimation
      $505,000
      7,928 SF

      3375 Barham Blvd

      OFFICE BUILDING • 7,928 SF
      3375 Barham Blvd, Los Angeles, CA 90068-1446
      View Details
    • Value Estimation
      $560,000
      1,016 SF

      3621 Cahuenga W Blvd

      OFFICE BUILDING • 1,016 SF
      3621 Cahuenga W Blvd, Los Angeles, CA 90068-1205
      View Details
    • Value Estimation
      $895,000
      3,327 SF

      3359 Cahuenga W Blvd

      OFFICE BUILDING • 3,327 SF
      3359 Cahuenga W Blvd, Los Angeles, CA 90068-1327
      View Details
    • Value Estimation
      $295,000
      147,300 SF

      3575 Cahuenga W Blvd

      OFFICE BUILDING (MULTI-STORY) • 147,300 SF
      3575 Cahuenga W Blvd, Los Angeles, CA 90068-1366
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $2 SF/Yr
      36,711 SF

      Office Building with Freeway Access

      Office building for rent with immediate freeway accessibility and parking.
      3151 Cahuenga Blvd W | Los Angeles, Los Angeles, CA 90068
      View Details
    • $2 SF/Yr
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      Freestanding Creative Building in Los Angeles

      Creative freestanding building available for lease in Los Angeles.
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      View Details
    • $30 SF/Yr
      22,679 SF

      Hollywood Creative Office Space

      Prime LA Office, Multiple Suites Available
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      View Details
    • $2 SF/Yr
      37,700 SF

      Prime Cahuenga Blvd West Office Suites

      Executive Office Space: 8 Suites Available
      3151 Cahuenga Blvd, Los Angeles, CA 90068
      View Details
    • $21 SF/Yr
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      Prime Cahuenga Blvd West Office Space

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      View Details
    • $5,000 /Mo

      Freestanding Building on Barham Blvd

      High-visibility commercial building near major studios and freeways.
      3325 Barham Blvd, Los Angeles, CA 90068
      View Details
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    Los Angeles, CA 90068
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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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