The Iowa Sawtelle Creative Office | 11333 Iowa Ave
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The Iowa Sawtelle Creative Office 11333 Iowa Ave
10,301 SF 4-Star Office Building Los Angeles, CA 90025 $9,000,000 ($874/SF) 5.49% Cap Rate
Investment Highlights
- Highly improved creative office with exposed brick, metal, and skylights throughout!
- Private Parking with EV Charging Station
- Seller is open to a short term lease back at a 5.49% CAP RATE!
- Nestled in the lively Sawtelle neighborhood, renowned for its diverse dining options
- Perfect for an Owner User or Investor!
- Ask about financing options including SBA
Executive Summary
Ally Commercial Real Estate, as the exclusive agent for the owner, is pleased to present the sale of 11333 Iowa Ave., Los Angeles, CA—a premier, highly improved creative office building that seamlessly blends style and functionality. Ideally located in the heart of West LA’s thriving Tech Hub, this property offers unparalleled convenience with easy access to the 405 and 10 freeways. Situated in "Little Osaka," it provides a dynamic, resource-rich environment featuring trendy restaurants, boutique shops, and vibrant local culture.
This modern office space boasts exposed brick, skylights, and abundant natural light, creating a sophisticated and inspiring atmosphere that enhances business branding and attracts young professionals drawn to Sawtelle's energetic scene. With comparable lease rates at $4 PSF NNN, the property delivers a stabilized 5.49% CAP rate, requiring no additional CAPEX or tenant improvements. Investors can enjoy immediate returns, while owner-users benefit from the option to occupy the space without incurring extra costs.
The property also features private on-site parking and versatile usability, making it an exceptional choice for both investors and owner-users seeking a standout opportunity in a prime market.
*Seller is open to a short term Sale Lease back at an attractive 5.49% CAP RATE!
Check out www.11333iowa.com to take a 3D tour of this incredible building!
This modern office space boasts exposed brick, skylights, and abundant natural light, creating a sophisticated and inspiring atmosphere that enhances business branding and attracts young professionals drawn to Sawtelle's energetic scene. With comparable lease rates at $4 PSF NNN, the property delivers a stabilized 5.49% CAP rate, requiring no additional CAPEX or tenant improvements. Investors can enjoy immediate returns, while owner-users benefit from the option to occupy the space without incurring extra costs.
The property also features private on-site parking and versatile usability, making it an exceptional choice for both investors and owner-users seeking a standout opportunity in a prime market.
*Seller is open to a short term Sale Lease back at an attractive 5.49% CAP RATE!
Check out www.11333iowa.com to take a 3D tour of this incredible building!
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$654,990
|
$63.59
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$654,990
|
$63.59
|
| Taxes |
$112,500
|
$10.92
|
| Operating Expenses |
$48,042
|
$4.66
|
| Total Expenses |
$160,542
|
$15.59
|
| Net Operating Income |
$494,448
|
$48.00
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $654,990 |
| Annual Per SF | $63.59 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $654,990 |
| Annual Per SF | $63.59 |
| Taxes | |
|---|---|
| Annual | $112,500 |
| Annual Per SF | $10.92 |
| Operating Expenses | |
|---|---|
| Annual | $48,042 |
| Annual Per SF | $4.66 |
| Total Expenses | |
|---|---|
| Annual | $160,542 |
| Annual Per SF | $15.59 |
| Net Operating Income | |
|---|---|
| Annual | $494,448 |
| Annual Per SF | $48.00 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
10,301 SF
Building Class
A
LoopNet Rating
4 Star
Year Built/Renovated
1961/1995
Price
$9,000,000
Price Per SF
$874
Cap Rate
5.49%
NOI
$494,448
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
5,151 SF
Building FAR
1.18
Land Acres
0.20 AC
Zoning
C2
Amenities
- Controlled Access
- Conferencing Facility
- Courtyard
- Fenced Lot
- Skylights
- Car Charging Station
- Air Conditioning
- Smoke Detector
1 of 1
Walk Score ®
Walker's Paradise (94)
Bike Score ®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Number | 4261-009-026 | Total Assessment | $4,927,481 |
| Land Assessment | $3,244,928 | Annual Taxes | $112,500 ($10.92/SF) |
| Improvements Assessment | $1,682,553 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
4261-009-026
Land Assessment
$3,244,928
Improvements Assessment
$1,682,553
Total Assessment
$4,927,481
Annual Taxes
$112,500 ($10.92/SF)
Tax Year
2024
-
Eric Mandell -
Jeffrey Ahn -
Ally Commercial Real Estate
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The Iowa Sawtelle Creative Office | 11333 Iowa Ave
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