434 Larchmont BlvdLos Angeles, CA 90004

  • Office properties
  • 1,288 SF
For Lease

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
434 Larchmont Blvd, Los Angeles, California

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

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
$14,187
$738,684
$405,756
$1,144,440
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FAQs

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