31248 Oak Crest DrWestlake Village, CA 91361

Property Details for 31248 Oak Crest Dr

Year built

1998

Construction

TILT-UP CONCRETE

Lot size

3.83 AC

Property size (Sq ft)

53,654 SF

Zone code

OLD CLUST

Property type

Office properties

Property subtype

Office buildings

APN

2057-022-014

APU

2057022014

Description

This exceptional Class A office building, located at 31248 Oak Crest Drive in Westlake Village, California, 91361, offers a variety of executive office suites for lease. The three-story building boasts a total of 53,133 square feet, with a minimum divisible space of 1,216 square feet and a maximum contiguous space of 6,002 square feet. Currently, there are 16,723 square feet of vacant space available, providing ample opportunity for businesses of various sizes. The building features impressive 12-foot ceilings, creating a bright and spacious work environment. Convenient parking is provided at a ratio of 4 spaces per 1,000 square feet. The property is situated in Ventura County and offers easy access to major transportation routes, making it an ideal location for businesses seeking a prestigious and functional workspace. The building is categorized as a multi-tenant property, providing a vibrant and collaborative atmosphere. This is a prime opportunity to secure high-quality office space in a desirable Westlake Village location. Contact us today to learn more about available spaces and lease terms. The property is classified as Class A, reflecting its superior quality and amenities.

• CAP approach

  CAP return

  Valuation

  6%

  $16,950,126

  6.5%

  $15,646,270

  7%

  $14,528,680

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,202,845

  Geo Method

  $10,202,845

• Alternative Use

  Use

  Valuation

  Residential

  $19,401,376

  Hospitality

  $17,771,556

  Educational

  $14,785,726

  Medical

  $15,294,229

  Retail

  $23,000,018

Location Insight

City

Westlake Village

County

Los Angeles

State

California

Latitude

34.1433

Longitude

-118.8

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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