31194 La Baya DrWestlake Village, CA 91362

Property Details for 31194 La Baya Dr

Year built

1981

Construction

TILT-UP CONCRETE

Lot size

3.80 AC

Property size (Sq ft)

1,194 SF

Zone code

WVM1*

Property type

Office buildings

APN

2054-028-058

APU

2054028058

Description

This 1,350-square-foot furnished office condo in Westlake Village, CA, presents a unique owner/user investment opportunity. Located at 31194 La Baya #206, 91362, this traditional office space boasts two large executive offices, a conference room, reception area, galley kitchen, and an in-suite restroom. The unit features two entrances and elevator access, along with four allocated parking spaces. Built in 1981 and zoned BP (Business Park), the property is move-in ready, offering immediate occupancy on October 30, 2024. The asking price is $540,000, translating to $400 per square foot. The convenient location offers proximity to numerous amenities, including Costco, the Four Seasons Hotel, Oaks Christian, Westlake Playfield Complex & YMCA, and various restaurants and shops. The 101 Freeway is also easily accessible. The owner's association maintains the common areas and exterior, providing a hassle-free ownership experience. This is an exceptional opportunity to build equity instead of paying rent. The net rentable square footage is 1,350 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $376,519

  6.5%

  $347,556

  7%

  $322,730

• Comparable approach

  Method

  Valuation

  Relative Method

  $227,051

  Geo Method

  $227,051

• Alternative Use

  Use

  Valuation

  Residential

  $430,969

  Hospitality

  $394,765

  Educational

  $328,440

  Medical

  $339,736

  Retail

  $510,907

Location Insight

City

Westlake Village

County

Los Angeles

State

California

Latitude

34.1558

Longitude

-118.802

CBSA code

31080

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].