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11850 Wilshire Blvd 5,687 SF 100% Leased Office Building Los Angeles, CA 90025 $6,111,000 CAD ($1,074.56 CAD/SF)
Investment Highlights
- Situated on a highly visible corner lot with 50 feet of frontage along Wilshire Boulevard, offering excellent exposure on a major thoroughfare
- The property is currently 100% occupied, providing investors immediate in-place income
- With an 89 Walk Score, the property benefits from it's proximity to an abundance of nearby dining, retail, fitness, medical offices along Wilshire
- All tenants are on month-to-month leases offering an excellent opportunity for an owner-user
- The property benefits from 12 individual surface parking spaces located at the rear of the building
Executive Summary
11850 Wilshire Blvd presents investors and owner-users with the opportunity to acquire a fully occupied, two-story office asset along one of West Los Angeles’ most prominent commercial corridors. The property totals approximately 5,687 rentable square feet on a 7,047-square-foot lot and benefits from 50 feet of frontage along Wilshire Boulevard, twelve on-site parking spaces, and a highly walkable location with an 89 Walk Score. Built in 1957, the property is zoned C2, allowing for a broad range of commercial, office, medical, retail, and service-oriented uses, subject to buyer verification.
11850 Wilshire offers an excellent full or partial owner-user opportunity, giving a buyer the ability to occupy the building over time while benefiting from existing in-place income. The property is situated in a prime West Los Angeles location, surrounded by some of the region’s most desirable and affluent communities, including Brentwood, Santa Monica, Westwood, Century City, and Beverly Hills. With immediate access to the I-405 and I-10 freeways, nearby amenities, and strong Westside demand drivers, 11850 Wilshire offers a compelling Westside asset with stable occupancy and long-term upside.
11850 Wilshire offers an excellent full or partial owner-user opportunity, giving a buyer the ability to occupy the building over time while benefiting from existing in-place income. The property is situated in a prime West Los Angeles location, surrounded by some of the region’s most desirable and affluent communities, including Brentwood, Santa Monica, Westwood, Century City, and Beverly Hills. With immediate access to the I-405 and I-10 freeways, nearby amenities, and strong Westside demand drivers, 11850 Wilshire offers a compelling Westside asset with stable occupancy and long-term upside.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
5,687 SF
Building Class
B
Year Built
1957
Price
$6,111,000 CAD
Price Per SF
$1,074.56 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,844 SF
Building FAR
0.81
Lot Size
0.16 AC
Zoning
LAC2 - Commercial
Parking
12 Spaces (2.11 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
Very walkable
80/100
Moderately drivable
70/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 4263-007-076 | Improvements Assessment | $395,788 CAD |
| Land Assessment | $874,933 CAD | Total Assessment | $1,270,721 CAD |
Property Taxes
Parcel Number
4263-007-076
Land Assessment
$874,933 CAD
Improvements Assessment
$395,788 CAD
Total Assessment
$1,270,721 CAD
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11850 Wilshire Blvd
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