1400 Grand AveLos Angeles, CA 90015

Property Details for 1400 Grand Ave

Year built

1989

Construction

STEEL FRAME

Lot size

0.56 AC

Property size (Sq ft)

80,441 SF

Zone code

LAC2

Property type

Healthcare properties

Property subtype

Medical offices

APN

5134-020-023

APU

5134020023

Description

This exceptional executive office space, located at 1400 S Grand Ave in the heart of Los Angeles, California (zip code 90015), offers a total of 9,399 square feet currently available for lease. The property, known as the California Professional Center, is categorized as a multi-tenant office building within Los Angeles County. Individual suites range from a minimum of 1,200 square feet to a maximum contiguous space of 4,473 square feet, providing flexibility for businesses of various sizes. The building boasts ample parking conveniently located on floors two through five, ensuring convenient access for tenants and their clients. This prime location provides easy access to major transportation arteries and is situated within a thriving business district. The entire 9,399 square feet is currently vacant, presenting a unique opportunity for a single tenant to occupy the entire building or for multiple tenants to lease individual suites. This is an ideal opportunity for businesses seeking a prestigious address and modern office space in a highly desirable Los Angeles location. The property is classified as an Executive Office building, reflecting its high-quality finishes and amenities. Interested parties are encouraged to inquire about lease terms and availability.

• CAP approach

  CAP return

  Valuation

  6%

  $23,306,962

  6.5%

  $21,514,120

  7%

  $19,977,396

• Comparable approach

  Method

  Valuation

  Relative Method

  $15,296,661

  Geo Method

  $15,296,661

• Alternative Use

  Use

  Valuation

  Residential

  $26,677,508

  Hospitality

  $24,436,454

  Educational

  $20,330,842

  Medical

  $21,030,052

  Retail

  $31,625,756

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0367

Longitude

-118.265

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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