1000 Boyle AveLos Angeles, CA 90023

Property Details for 1000 Boyle Ave

Year built

1945

Construction

WOOD

Lot size

0.17 AC

Property size (Sq ft)

1,800 SF

Zone code

LAC2

Property type

Retail properties

Property subtype

Turn key restaurants

APN

5189-005-034

APU

5189005034

Description

This exceptional 11,300 square foot lot, located at 1000 S Boyle Ave, Los Angeles, CA 90023, presents a unique opportunity for affordable housing development. The property boasts a 3,640 square foot building, formerly used as an auto repair facility, featuring a bow truss brick structure. The land is priced at $247.78 per square foot, with an asking price of $2,800,000. The site benefits from a highly desirable location at the southeast corner of Boyle Avenue and 7th Street, just half a mile east of the LA River and Arts District, and adjacent to the 6th and 7th Street bridges. Enjoy stunning views of the Downtown Los Angeles skyline. The property includes 20 parking spaces and is zoned LA C2-1. With a Walk Score of 85 and a Transit Score of 63, this location offers excellent accessibility. The existing building features 200A/220V/3-phase power. APN: 5189-005-034

• CAP approach

  CAP return

  Valuation

  6%

  $781,022

  6.5%

  $720,944

  7%

  $669,448

• Comparable approach

  Method

  Valuation

  Relative Method

  $862,566

  Geo Method

  $862,566

• Alternative Use

  Use

  Valuation

  Residential

  $608,143

  Hospitality

  $557,056

  Educational

  $463,464

  Medical

  $479,403

  Retail

  $720,944

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0331

Longitude

-118.219

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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