529 7Th StLos Angeles, CA 90014

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 properties

Property subtype

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.

• CAP approach

  CAP return

  Valuation

  6%

  $22,195,824

  6.5%

  $20,488,454

  7%

  $19,024,992

• Comparable approach

  Method

  Valuation

  Relative Method

  $14,309,730

  Geo Method

  $14,309,730

• Alternative Use

  Use

  Valuation

  Residential

  $25,405,682

  Hospitality

  $23,271,468

  Educational

  $19,361,588

  Medical

  $20,027,462

  Retail

  $30,118,026

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

FAQs

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