529 7Th StLos Angeles, CA 90014
- Office buildings
- 75,251 SF
Property Details for 529 7Th St
- Year built
- 1926
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.15 AC
- Property size (Sq ft)
- 75,251 SF
- Zone code
- LAC2
- Property type
- Office buildings
- APN
- 5144-004-028
- APU
- 5144004028
Description
This exceptional 7,700 square foot commercial property, located at 529 W 7th St in Los Angeles, CA 90014, presents a unique investment opportunity. Situated on a 6,570 square foot lot in Los Angeles County, the property is currently vacant and offers flexible space ideal for a variety of uses. The building is zoned for retail, office, and restaurant uses, allowing for diverse tenancy options. Multiple spaces are available, with a minimum divisible space of 2,200 square feet and a maximum contiguous space of 5,500 square feet. The property boasts a prime downtown location at a high-traffic intersection, featuring expansive windows providing abundant natural light. The open layout and high ceilings create a versatile and inviting atmosphere. Previous use as a restaurant showcases the potential for a variety of businesses. This property is perfect for an owner-user or investor seeking a high-visibility location in a thriving urban environment. The property's adaptability and prime location make it an attractive option for businesses seeking a prominent presence in the heart of Los Angeles. The entire 7,700 square feet is currently available.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $25,155,300
- 6.5%
- $23,220,200
- 7%
- $21,561,700
-
Comparable approach
- Method
- Valuation
- Relative Method
- $14,309,700
- Geo Method
- $14,309,700
-
Alternative Use
- Use
- Valuation
- Industrial / Distribution
- $43,702,900
- Retail / Commercial
- $22,804,600
- Mixed-Use / Specialty
- $23,033,700
- Hospitality / Lodging
- $17,303,300
- Institutional / Educational
- $24,056,800
- Residential Income
- $28,146,400
- Multifamily
- $32,036,200
- Automotive / Energy
- $20,620,100
- Parking / Income-Based Land
- $6,809,010
- Restaurant / Food Service
- $12,642,600
- Healthcare / Senior Housing
- $23,302,300
Location Insight
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Latitude
- 34.0474
- Longitude
- -118.256
- 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
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
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- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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