3615 Beverly BlvdLos Angeles, CA 90004

Property Details for 3615 Beverly Blvd

Year built

2005

Construction

WOOD

Lot size

0.15 AC

Property size (Sq ft)

2,373 SF

Zone code

LAM1

Property type

Office properties

Property subtype

Office buildings

APN

5501-009-028

APU

5501009028

Description

This exceptional Los Angeles commercial property, located at 3615 Beverly Blvd, offers a unique investment opportunity. The 2,373 square foot building, constructed in 2005 and renovated in 2017, sits on a 6,442 square foot lot and features a mix of retail and office space. Currently configured as a multi-tenant property, it includes a stand-alone retail space of approximately 633 square feet and a three-unit structure totaling approximately 1,740 square feet, with two units already leased. The property boasts excellent street frontage at a three-point intersection, benefiting from high visibility and foot traffic. Its M1-1 zoning provides flexibility for various uses. The asking price is $1,865,805, translating to $785 per square foot. Nine parking spaces are available. This prime location in Rampart Village, near Downtown Los Angeles, Miracle Mile, Silver Lake, East Hollywood, and Koreatown, offers easy access to the 101 freeway and the Beverly/Vermont Metro Station. The area is known for its vibrant culinary scene and dense population, ensuring high demand and potential for strong rental income. The property presents an owner-user opportunity and is eligible for 90% financing. The APN is 5501-009-028.

• CAP approach

  CAP return

  Valuation

  6%

  $699,933

  6.5%

  $646,092

  7%

  $599,943

• Comparable approach

  Method

  Valuation

  Relative Method

  $451,250

  Geo Method

  $451,250

• Alternative Use

  Use

  Valuation

  Residential

  $801,155

  Hospitality

  $733,853

  Educational

  $610,557

  Medical

  $631,555

  Retail

  $949,756

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0757

Longitude

-118.287

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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