Description

931 Everett Street offers a rare opportunity to acquire a fully leased, historic office asset in the heart of Los Angeles’s 90026 ZIP code. Built in 1917 and meticulously maintained, this distinctive 4,893-square-foot property comprises five well-appointed office suites ideally configured for co-working, creative, executive, medical office or R&D/life science tenants. With 100% occupancy in place, the building delivers immediate, stable cash flow and the charm of early-20th-century architecture enhanced by modern tenant improvements.

Situated within a dynamic urban corridor, 931 Everett Street provides tenants with direct access to a burgeoning local workforce and an eclectic mix of retail, dining and entertainment amenities. Proximity to downtown Los Angeles, major thoroughfares and public transit corridors ensures seamless connectivity for employees and clients alike, reinforcing the property’s appeal to a diverse tenant base.

Offered at $1,875,000 ($383 per square foot), this asset generates a net operating income of $128,011, translating to a 6.83% cap rate, a 10.31x gross rent multiplier and a 5.96% cash-on-cash return. This investment presents a compelling value proposition for investors seeking turnkey income with the potential for upside through strategic lease renewals and market-driven rental growth in one of Southern California’s most sought-after office markets.