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Property profile & analytics
OFF-MARKET
Estimated value
$50,160,000
Community centers
8000 Sunset Blvd Los Angeles, CA 90046-2439
Entity Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6531366
Property summary
AI-generated overview
This exceptional creative office space at 8000 Sunset Boulevard in Los Angeles County offers 41,379 square feet of move-in ready workspace. Currently, 34,494 square feet is available, divisible into units ranging from 3,400 to a maximum contiguous 17,247 square feet. The building boasts impressive 14'4" ceilings, creating a bright and airy atmosphere. Recent renovations have enhanced the sunlit outdoor courtyard and seating areas, improving both aesthetics and building efficiency. The prime location at the intersection of Sunset Boulevard and Crescent Heights Boulevard provides convenient access to Laurel Canyon Boulevard. The property is well-equipped to meet the needs of today's creative and tech companies, featuring ample HVAC, power, and parking—approximately 1,000 spaces are available, with a 5.0 parking ratio. On-site amenities include excellent restaurants and lifestyle options, adding to the convenience and appeal of this exceptional property. Multiple tenancy is available.
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1992
Construction
CONCRETE
Total area
165,316 SF
Lot
2.05 ac (89,292 SF)
Zoning code
LAC2
APN
5554-005-069
UPID
US09-6531366
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
-
Trader Joe's Grocery & Convenience Store Food Market
-
Starbucks Cafe & Coffee Shop
-
KRAFT Salon Hair Salon
-
SP+ Parking Parking Lot & Garage
-
EVgo Charging Station Electric Vehicle Charging Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$68.88M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$50.16M
Owner & transaction history
Weingarten Nostat INC · 14 yrs held
Weingarten Nostat INC
since 2012
6 recorded transactions
Zoning & alternative use
LAC2 · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$83.0M
+18.5%
Medical building
$75.3M
+7.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Los Angeles submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Los Angeles submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$74,620,000
6.5%
$68,880,000
7%
$63,960,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$70,015,000
Current use
OFFICE BUILDING
$82,970,000
Change: +19% · Conversion: Moderate
MEDICAL BUILDING
$75,310,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$50.16M
Range $45.14M – $55.18M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$303 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$1,536,213
Tax year 2024
Assessed value
$126,510,359
Assessed 2024
Previous assessed
$126,510,359
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$62,618,318
Assessed improvement
$63,892,041
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1992
Construction
CONCRETE
Heating
NONE
Cooling
YES
Buildings
4
Stories
3
Units
843
Total area
165,316 SF
Lot
2.05 ac (89,292 SF)
Zoning code
LAC2
APN
5554-005-069
UPID
US09-6531366
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC2 · Los Angeles, CA
Zoning LAC2 · permitted uses
LAC2 · Los Angeles, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Los Angeles. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$70.0M
OFFICE BUILDING
Est. value
$83.0M
MEDICAL BUILDING
Est. value
$75.3M
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1992
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
3
Buildings
4
Units
843
Lot
2.05 ac
Current owner
From public records · entity-resolved
Weingarten Nostat INC
Entity
Mailing address
500 N BROADWAY STE #201, JERICHO, NY 11753-2122
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2012
$98,850,000
Weingarten Nostat INC
8000 Sunset Boulevard Owner Ll
Grant Deed
—
Dec 1, 2009
—
8000 Sunset Boulevard Owner Ll
—
Deed Of Trust
related
$61,200,000 · Goldman Sachs Mortgage Co
Mar 2, 2006
—
8000 Sunset Boulevard Owner LLC
La Wilshire Corp
Grant Deed
$61,200,000 · Goldman Sachs Commercial Mtg Capital LP
Feb 27, 2004
—
La Wilshire Corp
8000 Sunset Ltd
Grant Deed
related
—
—
—
L A Wilshire Corp
—
Deed Of Trust
related
$27,400,000 · International Commercial Bank
—
—
8000 Sunset Ltd
—
Deed Of Trust
related
$22,000,000 · Hawthorne Savings Bank Fsb
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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