1041 Formosa AveWest Hollywood, CA 90046

Property Details for 1041 Formosa Ave

Year built

1938

Construction

WOOD

Lot size

9.58 AC

Property size (Sq ft)

255,868 SF

Zone code

WDC2C*

Property type

Data centers and call centers

APN

5531-018-001

APU

5531018001

Description

This exceptional creative office space, located at 1041 N Formosa Ave in West Hollywood, CA 90046, offers 48,520 square feet of vacant space within a 160,533 square foot building. Situated on the historic grounds of MGM and Pickford-Fairbanks Studios, this property boasts a campus-like environment perfect for collaborative work. Individual suites range from 7,205 to 23,816 contiguous square feet, providing flexibility for various business needs. Built in 1994, the building features 14-foot ceilings and is located in the West Hollywood submarket of Los Angeles County. The property's prime location offers unparalleled opportunities for networking and collaboration within the media community, with neighbors including HBO and Heartbeat Productions. This unique offering combines the benefits of a professional workspace with the vibrant energy of a creative hub. The multiple tenancy structure allows for diverse occupancy, fostering a dynamic and inspiring atmosphere. This is more than just an office

• CAP approach

  CAP return

  Valuation

  6%

  $74,135,152

  6.5%

  $68,432,448

  7%

  $63,544,416

• Comparable approach

  Method

  Valuation

  Relative Method

  $48,655,860

  Geo Method

  $48,655,860

• Alternative Use

  Use

  Valuation

  Residential

  $84,856,240

  Hospitality

  $77,727,856

  Educational

  $64,668,664

  Medical

  $66,892,720

  Retail

  $100,595,704

Location Insight

City

West Hollywood

County

Los Angeles

State

California

Latitude

34.0898

Longitude

-118.347

CBSA code

31080

CBSA name

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

Property Tax & Assessments

FAQs

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