5802 Willoughby Ave — Lease in Los Angeles, CA

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Office
  • Location: Los Angeles, CA 90038
  • Size: 9,500 SF

Description

5802 Willoughby Ave is comprised of an approximately 9,500 square feet commercial office/warehouse building on approximately 6,490 square feet land, zoned C2. The building is two stories with warehouse on the ground floor, mezzanine office space, second floor creative office space and roof top deck with an elevator serving the underground parking area up to the second floor. The creative office space on the second floor boasts high ceilings, skylights with lots of natural light, open floor plan for cubicles, kitchen, nine offices and a conference room. At the rear of the warehouse space on the ground floor, accessed from the alley, is a large roll up door for deliveries. There are approximately 17 parking spaces at the building with 13 of those being in the gated underground parking area and 4 in the gated parking spaces off the alley at the rear of the building The property is located on the south side of Willoughby Avenue, just off of Gower Street, between Santa Monica Boulevard and Melrose Avenue. Directly to the east of the property on Gower Street is the western side of Paramount Pictures Studios. Immediately to the south of the property are the retail streets of Melrose Avenue and Larchmont Boulevard which are home to many great restaurants, coffee shops, retailers, and other amenities. Approximately 1 mile to the south are the popular neighborhoods of Larchmont Village and Hancock Park. The property is located in the Eastern portion of Hollywood, an area that is rapidly gentrifying and home to a large number of tenants in the Entertainment Industry. The Hollywood sub-market has seen tremendous growth in recent years with new office developments, apartment buildings, and hotels being built, along with major entertainment businesses and production companies moving to the area.

Market Context

This office in Los Angeles, CA is listed for lease across 9,500 SF. It has been on the market for 54 days. Compare it against other office listings for lease in Los Angeles, CA — view the full market.

As of Q1 2026, the Greater Los Angeles office market showed a 14.7% vacancy rate, average asking rents near $35.40/SF/yr, rents up 0.7% year over year, and cap rates around 5.8%. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located space leases quickly.

Office market FAQ

What is the typical cap rate for office in Greater Los Angeles?
About 5.8% as of Q1 2026, per multiple brokerage reports.
Is the Greater Los Angeles office market tightening or softening?
Vacancy is around 14.7%, with asking rents rising year over year (Q1 2026).

Estimated Market Rate

$2.19/SF/mo – $2.97/SF/mo

Mid: $2.58/SF/mo

Estimated total for 9,500 SF: $24,510 per month

Rate-first confidence-weighted blend with cost-of-business adjustment.

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