This exceptional 9,380-square-foot creative office building in Los Angeles, CA, presents a unique opportunity. Located at 1715 N Gower Street, 90028, this two-story structure offers a single-tenant occupancy with ample space for a variety of uses. The building features a desirable bow-truss design, allowing for abundant natural light throughout. The interior boasts a flexible layout including open work areas, private offices, conference rooms, a reception area, a mezzanine lounge, basement storage, a server room, and a kitchenette. Exclusive restrooms are also provided. The property includes 27 parking spaces, offering potential for outdoor space conversion, and excellent signage opportunities. The building's convenient location just off Hollywood Boulevard and the 101 freeway provides easy access to major transportation routes and the heart of Hollywood. The property is currently vacant.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$2,360,838
6.5%
$2,179,234
7%
$2,023,575
Comparable approach
Method
Valuation
Relative Method
$1,522,041
Geo Method
$1,522,041
Alternative Use
Use
Valuation
Residential
$2,702,251
Hospitality
$2,475,247
Educational
$2,059,377
Medical
$2,130,202
Retail
$3,203,475
Location Insight
City
Los Angeles
County
Los Angeles
State
California
Latitude
34.1022
Longitude
-118.323
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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