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    5670 Wilshire Blvd Los Angeles, CA 90017
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    Property profile & analytics

    5670 Wilshire Blvd Los Angeles, CA 90017

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    • Office buildings
    • 453,182 SF
    • 2.76 lot acres
    For Lease
    $4 SF/Yr
    View Listing →
    Wilshire Boulevard Office Space Available For Lease
    $4 SF/Yr
    5,776 SF

    Wilshire Boulevard Office Space Available

    Office space available on Wilshire Blvd in Los Angeles.

    5670 Wilshire Blvd, Los Angeles, CA
    View Listing
    Property ID
    US09-7114548
    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

    • Culver Legal / Law Firm
    • Law Offices of Wendy E. Hartmann / Law Firm
    • CarProUSA Los Angeles / Radio Station / Telecommunications Service
    • 93.1 Jack FM / Radio Station / Telecommunications Service
    • Sway Features / Engineer / Construction Company

    Property Details for 5670 Wilshire Blvd

    Year built
    1962
    Construction
    STEEL FRAME
    Lot size
    2.76 lot acres
    Property size
    453,182 SF
    Zone code
    LAC4
    Property type
    Office buildings
    APN
    5089-007-021
    APU
    5089007021

    Description

    This Class A, 14,617 square foot office building in Los Angeles' Miracle Mile offers a variety of flexible workspace solutions. Located at 5670 Wilshire Blvd, Suite 1800, this 2019 renovated property boasts 350 suites, with 5,970 square feet currently vacant. Options range from private, fully furnished offices for individuals to larger spaces accommodating entire companies, including serviced, custom, and disaster recovery options. The minimum divisible space is 10 square feet, with a maximum contiguous space of 1,300 square feet. The building features striking white architecture, high ceilings, and sweeping views of the ocean, city, and mountains. Amenities include elevators and proximity to the Farmers Market, museums, and award-winning restaurants. This LEED-certified building provides a prestigious and convenient location in the heart of Los Angeles, connecting the city to the beach. The building is situated in Los Angeles County, CA, zip code 90036. The property offers a benefits program with exclusive discounts and procurement support. Ideal for businesses seeking flexible, high-quality office space in a vibrant and desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.352
    Latitude
    34.0617
    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
    $2,851,998
    $89,241,524
    $145,087,755
    $234,329,279
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $8,220,000
      47,619 SF

      5657 Wilshire Blvd

      OFFICE BUILDING (MULTI-STORY) • 47,619 SF
      5657 Wilshire Blvd, Los Angeles, CA 90036-3736
      View Details
    • Value Estimation
      $1,475,000
      8,451 SF

      6053 3rd St

      OFFICE BUILDING • 8,451 SF
      6053 3rd St, Los Angeles, CA 90036-3140
      View Details
    • Value Estimation
      $1,845,000
      10,699 SF

      7415 Beverly Blvd

      OFFICE BUILDING • 10,699 SF
      7415 Beverly Blvd, Los Angeles, CA 90036-2724
      View Details
    • Value Estimation
      $930,000
      3,058 SF

      7418 Beverly Blvd

      OFFICE BUILDING • 3,058 SF
      7418 Beverly Blvd, Los Angeles, CA 90036-2725
      View Details
    • Value Estimation
      $5,780,000
      190,237 SF

      Los Angeles, CA 90036

      OFFICE BUILDING (MULTI-STORY) • 190,237 SF
      Los Angeles, CA 90036
      View Details
    • Value Estimation
      $2,215,000
      11,400 SF

      5800 Wilshire Blvd

      OFFICE BUILDING • 11,400 SF
      5800 Wilshire Blvd, Los Angeles, CA 90036-4501
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      14,152 SF

      Miracle Mile Purchase Opportunity on Museum Row

      Miracle Mile Purchase Opportunity on Museum Row
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      View Details
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      La Brea Retail/Restaurant Opportunity

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      Vacant Land Parking Lot

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    • New
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      3,236 SF

      Remodeled Multifamily Property Near Grove

      Remodeled multifamily property with a separate 1-bedroom rear unit.
      449 N Ogden Dr, Los Angeles, CA 90036
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      6,019 SF

      Miracle Mile Multifamily Investment

      Seven-unit multifamily property in a desirable Los Angeles location.
      744 Ridgeley Dr, Los Angeles, CA 90036
      View Details
    • $5,450,000
      16,588 SF

      Miracle Mile Art Deco Gem

      Historic 13-unit apartment building in Los Angeles' Miracle Mile.
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    Similar Nearby for Lease

    • Contact for pricing

      Class A Office Space

      Campus-style office space with outdoor amenities on Wilshire Boulevard.
      5700 Wilshire Blvd, Los Angeles, CA 90036
      View Details
    • Contact for pricing

      Class A Miracle Mile Office

      530,000 SF Class A office building in Miracle Mile.
      5757 Wilshire Blvd, Los Angeles, CA 90036
      View Details
    • Contact for pricing
      1,801 SF

      Historic Art Deco Office Building

      Restored historic office and retail building in Miracle Mile.
      5400-5420 Wilshire Blvd, Los Angeles, CA 90036
      View Details
    • $46 SF/Yr
      72,000 SF

      Wilshire Blvd Executive Office Suites

      Prestigious Miracle Mile Office Space Available
      5410 Wilshire Blvd, Los Angeles, CA 90036
      View Details
    • Contact for pricing

      Fairfax Creative Office Space

      Creative office space for rent in Fairfax, Los Angeles.
      145 S Fairfax Ave, Los Angeles, CA 90036
      View Details
    • Contact for pricing
      2,654 SF

      Creative Office Space with Rooftop

      Second floor creative office space with furnished rooftop.
      7257 Beverly Blvd, Los Angeles, CA 90036
      View Details
    View Listing
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    Los Angeles, CA 90017
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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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