966 Western AveLos Angeles, CA 90006

Property Details for 966 Western Ave

Year built

1994

Lot size

0.32 AC

Property size (Sq ft)

20,094 SF

Zone code

LAC2

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

5080-008-029

APU

5080008029

Description

This exceptional two-story medical office building, located in the heart of Koreatown at 966 S Western Ave, Los Angeles, CA 90006, offers a total of 20,954 square feet on a 13,939 square foot lot. The building features modern construction and boasts a convenient underground parking garage for tenants and visitors. Currently, there are two available spaces, ranging from 892 to 3,086 square feet, ideal for a variety of medical practices. The building's prime location in Los Angeles County places it within walking distance of key amenities such as the Galleria Market, Koreatown Plaza, and several banks, ensuring convenient access for both patients and staff. The ground floor spaces feature high ceilings, adding to the building's appeal and functionality. This is a multi-tenant building, providing a vibrant and collaborative environment. The property is situated in a thriving area with excellent visibility and accessibility, making it an attractive investment opportunity for medical professionals seeking a well-established and convenient location. This is a single building property with a total of two stories. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $7,219,320

  6.5%

  $6,663,988

  7%

  $6,187,988

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,922,666

  Geo Method

  $5,922,666

• Alternative Use

  Use

  Valuation

  Residential

  $6,663,988

  Hospitality

  $6,104,177

  Educational

  $5,078,604

  Medical

  $5,253,264

  Retail

  $7,900,050

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0538

Longitude

-118.309

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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