5300 Santa Monica BlvdLos Angeles, CA 90029

Property Details for 5300 Santa Monica Blvd

Year built

1963

Construction

TILT-UP CONCRETE

Lot size

0.85 AC

Property size (Sq ft)

58,377 SF

Zone code

LAC2

Property type

Office properties

Property subtype

Office buildings

APN

5537-020-027

APU

5537020027

Description

This exceptional Los Angeles property, located at 5300 Santa Monica Blvd, offers a unique blend of office and warehouse space, ideal for a variety of businesses. The four-story building, constructed in 1963, boasts a total of 57,000 square feet, with 10,795 square feet currently vacant. Units range from a minimum of 260 square feet to a maximum contiguous space of 3,200 square feet, catering to diverse needs. The building features beautifully remodeled common areas, enhancing the professional atmosphere. Practical amenities include four dock-high loading doors, a freight elevator, ample storage space (including refrigerated and freezer options), and a basement area with roll-up door access. Parking is available at an additional monthly cost, with a ratio of 2 spaces per 1000 square feet. The strategic location in Hollywood, just off the 101 Freeway at Santa Monica Boulevard, provides easy access to the San Fernando and San Gabriel Valleys, as well as downtown Los Angeles. This multi-tenant building offers a flexible leasing opportunity in a highly desirable area. The property is situated in Los Angeles County, California, zip code 90029. The building's central location and comprehensive amenities make it an attractive option for businesses seeking a versatile and well-equipped workspace.

• CAP approach

  CAP return

  Valuation

  6%

  $17,218,716

  6.5%

  $15,894,200

  7%

  $14,758,900

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,100,970

  Geo Method

  $11,100,970

• Alternative Use

  Use

  Valuation

  Residential

  $19,708,808

  Hospitality

  $18,053,162

  Educational

  $15,020,019

  Medical

  $15,536,580

  Retail

  $23,364,474

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0903

Longitude

-118.305

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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