434 Larchmont BlvdLos Angeles, CA 90004
- Office properties
- 1,288 SF
Property Details for 434 Larchmont Blvd
- Year built
- 1920
- Construction
- WOOD
- Lot size
- 0.13 AC
- Property size (Sq ft)
- 1,288 SF
- Zone code
- LAC2
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 5523-021-003
- APU
- 5523021003
Description
This exceptional 1,625-square-foot freestanding retail/office building is ideally situated on North Larchmont Boulevard in Los Angeles County, just one block from the main thoroughfare. Previously a residence, this property has been thoughtfully converted into a commercial space, offering a unique blend of character and modern functionality. The building boasts excellent street visibility, making it perfect for a variety of businesses. Features include a dedicated parking area and two garages, a significant advantage in this highly desirable location. The spacious interior is adaptable to numerous uses, including fitness studios, food service establishments, or creative office spaces. The property is currently vacant and available for lease. The owner is open to tenant improvements (TI) or renovations to suit the needs of a qualified tenant and a mutually beneficial lease agreement. This presents a rare opportunity to secure a highly visible and well-appointed commercial space in a vibrant and affluent neighborhood. The single-tenant occupancy ensures privacy and control. This is a turnkey opportunity for the right business. The property is classified as Executive Office space within a Retail and Office building.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $373,185
- 6.5%
- $344,478
- 7%
- $319,873
-
Comparable approach
- Method
- Valuation
- Relative Method
- $244,926
- Geo Method
- $244,926
-
Alternative Use
- Use
- Valuation
- Residential
- $427,153
- Hospitality
- $391,270
- Educational
- $325,532
- Medical
- $336,728
- Retail
- $506,383
Location Insight
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Latitude
- 34.0785
- Longitude
- -118.323
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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