940 S. Figueroa St. — Sale in Los Angeles, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Los Angeles, CA 90015
  • Size: 72,426 SF
  • Year built: 1923

Description

None

Market Context

This office in Los Angeles, CA is listed for sale across 72,426 SF. The building dates to 1923. It has been on the market for 238 days. Compare it against other office listings for sale 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 assets trade 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).

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