1625 Olympic BlvdLos Angeles, CA 90015

Property Details for 1625 Olympic Blvd

Year built

1972

Construction

STEEL FRAME

Lot size

0.88 AC

Property size (Sq ft)

152,949 SF

Zone code

LAC2

Property type

Office properties

Property subtype

Office buildings

APN

5137-002-033

APU

5137002033

Description

This exceptional Los Angeles County commercial property, the La Curacao Business Center, located at 1625 W Olympic Blvd, 90015, offers a diverse range of office and retail spaces. The building boasts a total of 368,924 square feet, with multiple tenancy options available. Units range from a minimum of 916 square feet to a maximum contiguous space of 5,906 square feet, providing flexibility for businesses of various sizes. Currently, there are 20,137 square feet of vacant space ready for immediate occupancy. The property's versatile nature accommodates traditional office spaces, strip centers, and restaurants, making it an ideal location for a variety of commercial ventures. Ample parking is provided with 540 spaces available for tenants and their clients. This strategically located property in Los Angeles offers excellent accessibility and visibility, making it a highly desirable location for businesses seeking a prominent presence in a thriving market. The property is classified as both Office and Retail, and the subtype includes Traditional Office, Strip Center, and Restaurant. This presents a unique opportunity to secure space in a well-established and versatile commercial center within Los Angeles County.

• CAP approach

  CAP return

  Valuation

  6%

  $45,113,408

  6.5%

  $41,643,148

  7%

  $38,668,636

• Comparable approach

  Method

  Valuation

  Relative Method

  $29,084,782

  Geo Method

  $29,084,782

• Alternative Use

  Use

  Valuation

  Residential

  $51,637,500

  Hospitality

  $47,299,672

  Educational

  $39,352,772

  Medical

  $40,706,176

  Retail

  $61,215,424

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.05

Longitude

-118.275

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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