345 La Brea AveLos Angeles, CA 90036

Property Details for 345 La Brea Ave

Year built

1986

Construction

WOOD

Lot size

0.19 AC

Property size (Sq ft)

11,688 SF

Zone code

LAC2

Property type

Investment properties

Property subtype

Retail residential properties

APN

5525-033-030

APU

5525033030

Description

This exceptional Los Angeles property at 345 N La Brea Ave offers two high-image executive office suites for lease. The building totals 2,058 square feet, with individual spaces ranging from 781 to 1,277 contiguous square feet. Currently, the entire 2,058 square feet is vacant and available for lease. The property boasts excellent street visibility on La Brea Avenue, providing significant exposure for your business. The adaptable floor plans allow for customization to suit various business needs. Convenient on-site parking is included. This versatile space is suitable for general office or retail use, making it an ideal location for a variety of businesses. The building is situated in a prime location, surrounded by a thriving retail environment and close proximity to the Melrose shopping district, Beverly Hills, and Hollywood. Benefit from the high traffic volume and the presence of popular boutiques, restaurants, bars, and luxury apartments in the immediate vicinity. This is a truly exceptional opportunity to establish your business in a highly desirable and visible location in Los Angeles, California. The property is located in Los Angeles County, zip code 90036.

• CAP approach

  CAP return

  Valuation

  6%

  $3,923,400

  6.5%

  $3,621,600

  7%

  $3,362,910

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,267,040

  Geo Method

  $2,267,040

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $7,331,570

  Retail / Commercial

  $3,689,770

  Hospitality / Lodging

  $2,585,420

  Office

  $3,542,780

  Institutional / Educational

  $3,745,340

  Residential Income

  $4,382,050

  Multifamily

  $5,560,610

  Automotive / Energy

  $3,210,290

  Parking / Income-Based Land

  $1,162,190

  Restaurant / Food Service

  $1,766,200

  Healthcare / Senior Housing

  $3,770,300

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0776

Longitude

-118.344

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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