5445 Balboa BlvdLos Angeles, CA 91316

Property Details for 5445 Balboa Blvd

Year built

1979

Lot size

2.40 AC

Property size (Sq ft)

74,493 SF

Zone code

LACR

Property type

Office properties

Property subtype

Office buildings

APN

2258-027-015

APU

2258027015

Description

This exceptional retail property, located at 5445 Balboa Blvd in Encino, California, offers a significant leasing opportunity. The property boasts a total of 37,948 square feet, with a substantial 37,515 square feet currently vacant. This presents a unique chance for a single large tenant to occupy up to 23,265 contiguous square feet, or for multiple tenants to lease individual spaces. Minimum divisible space is 14,250 square feet, providing flexibility for various business needs. The property is categorized as both school use and general commercial, offering diverse potential applications. Situated in Los Angeles County, zip code 91316, this prime location provides excellent visibility and accessibility. The property's size and layout make it ideal for a variety of retail uses, offering a substantial footprint for businesses seeking significant space in a thriving Encino market. The address is 5445 Balboa Blvd, and the property is ready for immediate occupancy. Interested parties should inquire about lease terms and conditions. This is a rare opportunity to secure a large, well-located retail space in a desirable area of Los Angeles.

• CAP approach

  CAP return

  Valuation

  6%

  $21,564,084

  6.5%

  $19,905,308

  7%

  $18,483,502

• Comparable approach

  Method

  Valuation

  Relative Method

  $14,165,589

  Geo Method

  $14,165,589

• Alternative Use

  Use

  Valuation

  Residential

  $24,682,584

  Hospitality

  $22,609,114

  Educational

  $18,810,516

  Medical

  $19,457,440

  Retail

  $29,260,804

Location Insight

City

Encino

County

Los Angeles

State

California

Latitude

34.1699

Longitude

-118.502

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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