910 La Cienega BlvdLos Angeles, CA 90069

  • Office properties
  • 6,383 SF
For Sale
$4,475,000 View listing

Property Details for 910 La Cienega Blvd

Year built
1949
Construction
TILT-UP CONCRETE
Lot size
0.11 AC
Property size (Sq ft)
6,383 SF
Zone code
LAC4
Property type
Office properties
Property subtype
Office buildings
APN
5529-006-051
APU
5529006051

Description

This exceptional 6,383 square foot creative office building presents a rare owner-user opportunity in the coveted La Cienega Design Quarter of Los Angeles. Located at 910 N La Cienega Blvd, this two-story building, constructed in 1949, sits on a 4,660 square foot lot (APN 5529-006-051) and is zoned LAC4. Currently vacant, the property offers a unique chance to acquire a trophy asset in a highly desirable, high-barrier-to-entry market. The asking price is $4,475,000, translating to $701.08 per square foot. The building boasts prime showroom/creative office space, ideal for a variety of uses. A highlight is the incredible second-floor build-out, complete with a kitchen and balcony, perfect for private consultations or client entertaining. This exceptional location places the property in the heart of the La Cienega Design Quarter, nestled between Santa Monica Boulevard and Melrose Place, surrounded by renowned designers, high-fashion brands, and creative businesses. The surrounding area demonstrates strong demographics, with a household income exceeding $174,884 within a two-mile radius. This presents a generational opportunity to own a significant property in a thriving and exclusive market. Don't miss this chance to secure a prime location in one of Los Angeles' most sought-after design districts.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,849,409
    6.5%
    $1,707,147
    7%
    $1,585,208
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,213,791
    Geo Method
    $1,213,791
  • Alternative Use

    Use
    Valuation
    Residential
    $2,116,862
    Hospitality
    $1,939,035
    Educational
    $1,613,254
    Medical
    $1,668,736
    Retail
    $2,509,506
910 La Cienega Blvd, Los Angeles, California

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
34.0873
Longitude
-118.376
CBSA code
31080
CBSA name
LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$48,461
$3,066,614
$906,039
$3,972,653
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