6345 Balboa BlvdLos Angeles, CA 91406

Property Details for 6345 Balboa Blvd

Year built

1990

Construction

WOOD

Lot size

3.60 AC

Property size (Sq ft)

52,211 SF

Zone code

LAC4

Property type

Office buildings

APN

2230-024-006

APU

2230024006

Description

This exceptional executive office suite, located at 6345 Balboa Blvd in Encino, California, presents a unique opportunity for a single tenant. The property boasts a total of 2,115 square feet of readily available space, situated on the second floor of the Encino Crossing Office building. The entire space is currently vacant, offering immediate occupancy for a discerning business. The address is within Los Angeles County, zip code 91406, providing convenient access to major transportation arteries and local amenities. This single-tenant occupancy allows for complete control and customization of the workspace. The rental rate is competitively priced at $2.25 per square foot, full service gross (FSG). The lease term is negotiable, offering flexibility to suit individual business needs. The property is classified as an executive office suite, suggesting a high-quality finish and potentially desirable features. With its convenient location and ample square footage, this property is ideal for businesses seeking a prestigious and functional office environment in the thriving Encino area of Los Angeles. The property's size allows for a variety of configurations to accommodate different business needs and layouts. Interested parties are encouraged to inquire about lease terms and explore the possibilities of establishing their business in this exceptional location.

• CAP approach

  CAP return

  Valuation

  6%

  $15,113,936

  6.5%

  $13,951,325

  7%

  $12,954,802

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,928,444

  Geo Method

  $9,928,444

• Alternative Use

  Use

  Valuation

  Residential

  $17,299,644

  Hospitality

  $15,846,380

  Educational

  $13,184,003

  Medical

  $13,637,421

  Retail

  $20,508,448

Location Insight

City

Encino

County

Los Angeles

State

California

Latitude

34.1862

Longitude

-118.503

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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