30700 Russell Ranch RdWestlake Village, CA 91361

Property Details for 30700 Russell Ranch Rd

Year built

2000

Construction

TILT-UP CONCRETE

Lot size

8.68 AC

Property size (Sq ft)

138,762 SF

Zone code

LCA21*

Property type

Office buildings

APN

2054-030-084

APU

2054030084

Description

This Class A office building, located at 30700 Russell Ranch Road, Suite 250, Westlake Village, CA 91361, offers 14,196 square feet of versatile workspace. The property features a mix of executive office suites, coworking spaces, and creative office layouts, catering to diverse business needs. With 350 total suites and a current vacancy of 5,970 square feet, there are numerous options available, ranging from a minimum divisible space of 10 square feet to a maximum contiguous space of 1,300 square feet. The building boasts modern amenities, including elevators, and underwent renovations in 2019. Situated in Ventura County's business district, this location provides convenient access to the Ventura 101 Freeway, offering excellent connectivity throughout California. The property's unique blend of corporate and rural settings provides a tranquil and productive work environment, complemented by nearby walking trails and restaurants. This exceptional property is ideal for businesses seeking a prestigious and functional workspace in a desirable location. The building's multiple tenancy structure allows for flexibility in lease terms and space requirements.

• CAP approach

  CAP return

  Valuation

  6%

  $44,118,524

  6.5%

  $40,724,792

  7%

  $37,815,880

• Comparable approach

  Method

  Valuation

  Relative Method

  $26,386,982

  Geo Method

  $26,386,982

• Alternative Use

  Use

  Valuation

  Residential

  $50,498,740

  Hospitality

  $46,256,576

  Educational

  $38,484,928

  Medical

  $39,808,484

  Retail

  $59,865,444

Location Insight

City

Westlake Village

County

Los Angeles

State

California

Latitude

34.1498

Longitude

-118.793

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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