10877 Wilshire BlvdLos Angeles, CA 90024

Property Details for 10877 Wilshire Blvd

Year built

1989

Construction

STEEL FRAME

Lot size

1.24 AC

Property size (Sq ft)

357,859 SF

Zone code

LAC4

Property type

Office buildings

APN

4360-003-029

APU

4360003029

Description

This exceptional retail property, located at 10877 Wilshire Boulevard in Los Angeles, California, offers 11,586 square feet of space, ideal for multiple tenants. Currently, 9,111 square feet are available for lease, presenting a significant opportunity for businesses seeking a high-visibility location in a bustling area of Los Angeles County. The property is classified as both retail and restaurant space, making it suitable for a diverse range of commercial ventures. Its Wilshire Boulevard address ensures high foot traffic and excellent brand exposure. The zip code is 90024. This property's versatile layout and prominent location make it an attractive investment for businesses looking to establish or expand their presence in a prime Los Angeles market. The building's total square footage is 11,586 square feet, with ample space available for immediate occupancy. The property's location in Los Angeles County provides easy access to major transportation routes and a large consumer base. This is a multi-tenant property, offering flexibility for businesses of various sizes. The significant vacant square footage presents a unique opportunity for a single large tenant or multiple smaller businesses to secure a desirable location on Wilshire Boulevard. This property is ready for immediate occupancy and offers a chance to capitalize on the high-traffic area.

• CAP approach

  CAP return

  Valuation

  6%

  $100,230,000

  6.5%

  $92,519,900

  7%

  $85,911,300

• Comparable approach

  Method

  Valuation

  Relative Method

  $67,926,200

  Geo Method

  $68,050,500

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $181,162,000

  Retail / Commercial

  $93,092,500

  Mixed-Use / Specialty

  $92,913,100

  Hospitality / Lodging

  $68,365,900

  Institutional / Educational

  $96,646,600

  Residential Income

  $113,077,000

  Multifamily

  $134,773,000

  Automotive / Energy

  $82,840,000

  Parking / Income-Based Land

  $28,436,400

  Restaurant / Food Service

  $48,650,200

  Healthcare / Senior Housing

  $95,124,300

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0597

Longitude

-118.443

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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