5802 Willoughby AveLos Angeles, CA 90038
- Office properties
- 8,826 SF
Property Details for 5802 Willoughby Ave
- Year built
- 2013
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.15 AC
- Property size (Sq ft)
- 8,826 SF
- Zone code
- LAC2
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 5534-029-003
- APU
- 5534029003
Description
This exceptional two-story, 9,500-square-foot creative office building in Hollywood, CA, presents a unique owner-user opportunity. Built in 2013, it features a ground-floor warehouse with a large roll-up door, a mezzanine level, and a second floor boasting high ceilings, skylights, an open floor plan, nine private offices, a conference room, and a kitchen. The property also includes a rooftop deck and approximately 17 parking spaces—13 in a gated underground garage and 4 in a gated rear area. The building is situated on a 6,490-square-foot lot and is zoned C2. Its prime location near Melrose and Larchmont Avenues offers easy access to numerous amenities. The building is equipped with an elevator servicing all floors and stairways at both the front and rear. The property's modern design and versatile layout make it ideal for businesses seeking a blend of warehouse and office space in a thriving Hollywood location. The asking price is $6,495,000, with a price per square foot of $683.68. The property's address is 5802 Willoughby Ave, Los Angeles, CA 90038. The convenient location places it near Paramount Pictures Studios, and within easy reach of the vibrant retail districts of Melrose Avenue and Larchmont Boulevard.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $2,603,292
- 6.5%
- $2,403,039
- 7%
- $2,231,393
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,678,352
- Geo Method
- $1,678,352
-
Alternative Use
- Use
- Valuation
- Residential
- $2,979,768
- Hospitality
- $2,729,452
- Educational
- $2,270,872
- Medical
- $2,348,970
- Retail
- $3,532,467
Location Insight
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Latitude
- 34.0869
- Longitude
- -118.323
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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