8218 3Rd StLos Angeles, CA 90048

Property Details for 8218 3Rd St

Year built

1939

Construction

WOOD

Lot size

0.10 AC

Property size (Sq ft)

2,341 SF

Zone code

LAC2

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

5511-030-023

APU

5511030023

Description

This exceptional 2,300-square-foot executive office space is situated on the vibrant West Third Street in West Hollywood, Los Angeles County, California (zip code 90048). Currently undergoing a complete renovation, this single-tenant property is ready for immediate occupancy. The space boasts abundant natural light, creating a bright and inviting atmosphere perfect for any business. Its prime location directly across from Toast ensures high foot traffic and excellent visibility, maximizing exposure for your brand. The property is classified as Retail, Office, and Restaurant, offering versatile usage options. Street parking is available for clients and employees. A key feature is the addition of a relaxing back patio, providing an outdoor area for employees or clients to enjoy. This fully renovated space presents a unique opportunity to establish a thriving business in a highly desirable West Hollywood location. The property is located at 8218 W Third Street. The total building square footage is 2,300 square feet, with all 2,300 square feet currently vacant.

• CAP approach

  CAP return

  Valuation

  6%

  $841,068

  6.5%

  $776,371

  7%

  $720,916

• Comparable approach

  Method

  Valuation

  Relative Method

  $690,005

  Geo Method

  $690,005

• Alternative Use

  Use

  Valuation

  Residential

  $776,371

  Hospitality

  $711,152

  Educational

  $591,670

  Medical

  $612,018

  Retail

  $920,375

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0723

Longitude

-118.369

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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