434 Larchmont BlvdLos Angeles, CA 90004

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 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.

• 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

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