8625 Woodman AveLos Angeles, CA 91331
- Retail properties
- 20,980 SF
Property Details for 8625 Woodman Ave
- Year built
- 1958
- Construction
- TILT-UP CONCRETE
- Lot size
- 2.33 AC
- Property size (Sq ft)
- 20,980 SF
- Zone code
- LAC1
- Property type
- Retail properties
- Property subtype
- Community centers
- APN
- 2637-023-016
- APU
- 2637023016
Description
This exceptional retail property, located at 8625 Woodman Avenue in Los Angeles, California (zip code 91331), presents a unique ground lease opportunity. The single-tenant building boasts a substantial 20,345 square feet of vacant space, ready for immediate occupancy. Situated on a 2.32-acre lot, this property benefits from its location in a densely populated area with a high traffic intersection, ensuring excellent visibility and accessibility for potential businesses. The property type is classified as retail, making it ideal for a wide range of commercial ventures. The address is easily accessible via Woodman Avenue, providing convenient access for customers and employees. This is an unparalleled chance to establish a thriving business in a prime Los Angeles location. The entire building is currently vacant, offering a blank canvas for a new tenant to customize the space to their specific needs. This presents a rare opportunity to secure a significant retail presence in a high-demand area. The substantial size of the property and its strategic location make it an attractive investment for businesses seeking a prominent position in the Los Angeles market. The ground lease structure offers potential for long-term stability and growth.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $8,927,675
- 6.5%
- $8,240,931
- 7%
- $7,652,293
-
Comparable approach
- Method
- Valuation
- Relative Method
- $10,053,683
- Geo Method
- $10,053,683
-
Alternative Use
- Use
- Valuation
- Residential
- $6,951,534
- Hospitality
- $6,367,568
- Educational
- $5,297,742
- Medical
- $5,479,939
- Retail
- $8,240,931
Location Insight
- City
- Arleta
- County
- Los Angeles
- State
- California
- Latitude
- 34.2272
- Longitude
- -118.434
- 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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