This Class A office building, located at 145 S. Fairfax Avenue, Suites 200 & 300, Los Angeles, CA 90036, offers 29,791 square feet of flexible workspace in Los Angeles County. The property boasts a variety of office configurations, including traditional, executive, coworking, and creative office spaces, suitable for multiple tenants. Units range from a minimum of 50 square feet to a maximum contiguous space of 1,300 square feet, with a total of 350 suites. Currently, 5,650 square feet are vacant. Renovated in 2019, the building features elevators and is conveniently located near the intersection of 3rd Street and Fairfax Avenue, providing excellent access to West Hollywood, Hollywood, and Beverly Hills. Its prime location offers unparalleled access to amenities, including the Grove Shopping Center (featuring Nordstrom and Maggiano's) and the Original Farmers Market, directly across the street. The building's dynamic tenant roster includes real estate agencies, attorneys, and entertainment and PR consultancies, fostering a strong professional network. This property presents a unique opportunity to establish a presence in the heart of Los Angeles's vibrant media and entertainment district.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$16,761,450
6.5%
$15,472,107
7%
$14,366,957
Comparable approach
Method
Valuation
Relative Method
$11,000,756
Geo Method
$11,000,756
Alternative Use
Use
Valuation
Residential
$19,185,414
Hospitality
$17,573,736
Educational
$14,621,142
Medical
$15,123,985
Retail
$22,743,998
Location Insight
City
Los Angeles
County
Los Angeles
State
California
Latitude
34.073
Longitude
-118.362
CBSA code
31080
CBSA name
LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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