8401 3Rd StLos Angeles, CA 90048
- Retail space
- 4,839 SF
Property Details for 8401 3Rd St
- Year built
- 1936
- Construction
- WOOD
- Lot size
- 0.20 AC
- Property size (Sq ft)
- 4,839 SF
- Zone code
- LAC2
- Property type
- Retail space
- APN
- 5511-014-019
- APU
- 5511014019
Description
This exceptional Los Angeles commercial property, located at 8401 W 3rd St, offers a rare opportunity to lease executive office or storefront space in a highly desirable West Los Angeles location. The building, constructed in 1936, boasts a total of 4,839 square feet and features two suites available for lease. Currently, 1,800 square feet of space is vacant, offering flexibility for businesses seeking between 500 and 1,300 contiguous square feet. The property is classified as both retail and office, making it ideal for a variety of uses. Its convenient street-front location on a hard corner provides excellent visibility and accessibility. On-site parking is available for tenants and clients, adding to the property's appeal. The property is situated in Los Angeles County, California, with the zip code 90048. This is a unique chance to secure a well-located, historically significant space in a thriving area of Los Angeles. The multiple tenancy structure allows for a diverse range of businesses to coexist. The building's classic architecture blends seamlessly with the modern conveniences needed for a successful business. Don't miss this chance to establish your business in this prime West Los Angeles location.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $2,061,015
- 6.5%
- $1,902,476
- 7%
- $1,766,584
-
Comparable approach
- Method
- Valuation
- Relative Method
- $2,318,864
- Geo Method
- $2,318,864
-
Alternative Use
- Use
- Valuation
- Residential
- $1,604,809
- Hospitality
- $1,469,997
- Educational
- $1,223,020
- Medical
- $1,265,082
- Retail
- $1,902,476
Location Insight
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Latitude
- 34.0733
- Longitude
- -118.373
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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