1050 Wilshire BlvdLos Angeles, CA 90017

Property Details for 1050 Wilshire Blvd

Year built

2006

Construction

WOOD

Lot size

0.81 AC

Property size (Sq ft)

134,666 SF

Zone code

LACW

Property type

Residential income properties

Property subtype

High-rise multifamily apartments

APN

5143-027-016

APU

5143027016

Description

This exceptional retail opportunity presents two available spaces totaling 1,400 to 2,030 square feet, ideally suited for restaurants or storefront businesses. Located at 1050 Wilshire Boulevard in the heart of Downtown Los Angeles, this property offers unparalleled access and visibility. The building is situated in Los Angeles County, California, zip code 90017, and benefits from excellent connectivity via public transportation, including the Metro Rail system and numerous bus lines. Major freeways are also easily accessible, ensuring a wide customer reach. Ample parking and pedestrian-friendly streets further enhance the convenience for patrons. The Wilshire Corridor is experiencing significant ongoing development, attracting a steady influx of residents and tourists, creating limitless potential for businesses. This prime location within the thriving Downtown Los Angeles area offers a unique chance to establish or expand a successful enterprise. The property is categorized as multi-tenant, offering flexibility and potential for various business models. The spaces are available for lease, providing an immediate opportunity to capitalize on the vibrant energy and high foot traffic of this prestigious address.

• CAP approach

  CAP return

  Valuation

  6%

  $49,253,676

  6.5%

  $45,464,932

  7%

  $42,217,436

• Comparable approach

  Method

  Valuation

  Relative Method

  $39,692,536

  Geo Method

  $39,692,536

• Alternative Use

  Use

  Valuation

  Residential

  $45,464,932

  Hospitality

  $41,645,632

  Educational

  $34,648,676

  Medical

  $35,840,300

  Retail

  $53,897,944

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0518

Longitude

-118.263

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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