5900 Eastern AveCommerce, CA 90040

  • Office properties
  • 53,920 SF
For Lease
$22.80/SF/YR View listing

Property Details for 5900 Eastern Ave

Year built
1974
Construction
WOOD
Lot size
3.37 AC
Property size (Sq ft)
53,920 SF
Zone code
CMM2
Property type
Office properties
Property subtype
Office buildings
APN
6332-015-033
APU
6332015033

Description

This exceptional single-story office campus, situated at 5900 Eastern Avenue in Commerce, California, offers a unique opportunity for businesses seeking flexible and functional workspace. The property boasts a total of 54,219 square feet, spread across a 3.37-acre lot. Built in 1974 and renovated in 1987, the Class B building features attractive architectural details including a beautiful stacked stone exterior, designer paint colors, and chevron exterior wood accents. Three modern lobby entrances provide convenient access. The property is zoned M2, Commerce, and has a Los Angeles County APN of 6332-015-033. Currently, there are three available office spaces ranging in size from 535 square feet to 1,413 square feet, ideal for a variety of business needs. The property includes 100 parking spaces, ensuring ample convenience for employees and clients. The expansive layout presents significant potential for creative open spaces, particularly given the existing exposed ceilings. This location in Commerce, CA (zip code 90040) offers easy access to major transportation routes and is well-suited for businesses seeking a prominent presence in the Los Angeles County area. The property's combination of attractive aesthetics, functional design, and convenient location makes it an ideal investment opportunity.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $15,490,487
    6.5%
    $14,298,911
    7%
    $13,277,560
  • Comparable approach

    Method
    Valuation
    Relative Method
    $10,253,427
    Geo Method
    $10,253,427
  • Alternative Use

    Use
    Valuation
    Residential
    $17,730,650
    Hospitality
    $16,241,180
    Educational
    $13,512,471
    Medical
    $13,977,186
    Retail
    $21,019,400
5900 Eastern Ave, Commerce, California

Location Insight

City
Commerce
County
Los Angeles
State
California
Latitude
33.9841
Longitude
-118.162
CBSA code
31080
CBSA name
LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$176,647
$5,605,482
$2,231,037
$7,836,519
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