This exceptional Los Angeles mixed-use property, situated on a 7,595 sq ft lot, offers 2,265 sq ft of versatile space. Built in 1968 and boasting a sleek, contemporary design, the property features a functional layout ideal for a creative studio, home office, or professional workspace. The main building includes two private rooms suitable for bedrooms or offices, each offering a quiet environment. Two modern bathrooms and a functional kitchen with ample counter space and cabinetry are also included. The expansive open area features high ceilings, skylights, and large windows, providing a bright and versatile workspace. An attached garage, with its own HVAC system, has been used as a studio or guest house. A 15 x 12 foot Quonset hut storage shed is also on the property. The property is secured by a gated yard, offering privacy and additional parking. Energy-efficient features include a 5 kW solar power generation system. The property has undergone seismic foundation strengthening and features full sound insulation. High-end finishes include Delray ceiling lights, Fleetwood sliding glass doors, and a full stainless steel kitchen and bathrooms. A large deck and an adjacent approximately 100 x 20 foot unbuilt lot with separate parcel number and vehicle gate access are also included. The property is zoned RD2-1-CDO, R3-1-CDO and offers 3.22 parking spaces per 1,000 sq ft. Asking price is $2,200,000.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$608,187
6.5%
$561,404
7%
$521,304
Comparable approach
Method
Valuation
Relative Method
$354,839
Geo Method
$354,839
Alternative Use
Use
Valuation
Residential
$696,141
Hospitality
$637,661
Educational
$530,527
Medical
$548,772
Retail
$825,264
Location Insight
City
Los Angeles
County
Los Angeles
State
California
Latitude
34.1185
Longitude
-118.235
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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