881 Alma Real DrLos Angeles, CA 90272

Property Details for 881 Alma Real Dr

Year built

1980

Construction

CONCRETE

Lot size

1.34 AC

Property size (Sq ft)

89,671 SF

Zone code

LAC2

Property type

Office properties

Property subtype

Office buildings

APN

4412-009-014

APU

4412009014

Description

This exceptional office property at 881 Alma Real Drive in Pacific Palisades, Los Angeles County, CA 90272 offers 15,208 square feet of flexible space currently available for lease. The building is ideally suited for businesses seeking executive or creative office environments. Multiple tenancy options are available, with spaces ranging from a minimum of 2,500 square feet to a maximum contiguous space of 7,708 square feet. The entire 15,208 square foot building is currently vacant, presenting a unique opportunity for a single tenant to occupy the entire space or for multiple tenants to lease individual suites. The property's location in Pacific Palisades provides convenient access to major transportation routes and a desirable business environment. This is a fantastic opportunity to establish a presence in a highly sought-after area of Los Angeles. The property is classified as an Office building with Executive Office and Creative Office subtypes. Detailed floor plans and lease terms are available upon request. Don't miss this chance to secure your ideal office space in this prestigious location. Contact us today to schedule a viewing and discuss your specific needs.

• CAP approach

  CAP return

  Valuation

  6%

  $21,759,796

  6.5%

  $20,085,966

  7%

  $18,651,254

• Comparable approach

  Method

  Valuation

  Relative Method

  $17,029,320

  Geo Method

  $17,051,838

• Alternative Use

  Use

  Valuation

  Residential

  $24,906,598

  Hospitality

  $22,814,310

  Educational

  $18,981,238

  Medical

  $19,634,032

  Retail

  $29,526,370

Location Insight

City

Pacific Palisades

County

Los Angeles

State

California

Latitude

34.0447

Longitude

-118.526

CBSA code

31080

CBSA name

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

Property Tax & Assessments

FAQs

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