31365 Oak Crest DrWestlake Village, CA 91361

Property Details for 31365 Oak Crest Dr

Year built

1990

Construction

TILT-UP CONCRETE

Lot size

1.13 AC

Property size (Sq ft)

25,524 SF

Zone code

WVRPD12U*

Property type

Office properties

Property subtype

Office buildings

APN

2057-022-030

APU

2057022030

Description

This exceptional office space, located at 31365 Oak Crest Drive in Westlake Village, California, 91361, offers a fantastic opportunity for businesses seeking a well-maintained and conveniently located workspace. The property is a Class B, two-story building totaling 26,244 square feet, constructed in 1990 and renovated in 2000. Currently, there are multiple tenancies available, with a minimum divisible space of 1,658 square feet and a maximum contiguous space of 1,798 square feet. A total of 3,456 square feet is currently vacant and ready for immediate occupancy. The building features convenient elevator access. This Westlake Village location within the Conejo Valley submarket offers excellent freeway accessibility, along with nearby dining and retail amenities. The property provides a 4/1000 parking ratio. The building is a single structure within the Westlake Village submarket cluster. This is an ideal opportunity to establish or expand your business in a thriving and desirable location. The available space is perfect for a variety of businesses seeking a modern and functional office environment. Inquire today to learn more about this exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $8,042,240

  6.5%

  $7,423,606

  7%

  $6,893,348

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,853,644

  Geo Method

  $4,853,644

• Alternative Use

  Use

  Valuation

  Residential

  $9,205,272

  Hospitality

  $8,431,979

  Educational

  $7,015,308

  Medical

  $7,256,575

  Retail

  $10,912,701

Location Insight

City

Westlake Village

County

Los Angeles

State

California

Latitude

34.1444

Longitude

-118.804

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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