8622 Balboa BlvdLos Angeles, CA 91325

Property Details for 8622 Balboa Blvd

Year built

1965

Construction

WOOD

Lot size

0.58 AC

Property size (Sq ft)

8,950 SF

Zone code

LAC2

Property type

Retail properties

Property subtype

Retail space

APN

2689-018-027

APU

2689018027

Description

This exceptional 800-square-foot retail space is located at 8622 Balboa Boulevard in Los Angeles, California, 91325, within a larger 8,950-square-foot Class B strip center built in 1965. The property is situated in Los Angeles County and offers a single suite currently vacant. The space, previously a barber shop, boasts an open floor plan ideal for a variety of retail uses. Large windows provide excellent natural light, enhancing the space's appeal. Convenient features include both front and rear entrances, ensuring easy access for customers and staff, as well as a private restroom. Ample on-site parking is available for customers and employees, and the property also offers the opportunity for prominent pole signage, increasing visibility and brand recognition. This location benefits from high traffic and visibility due to its proximity to established businesses such as KFC, Planet Fitness, and McDonald's, ensuring a steady flow of potential customers. The property's strategic location and desirable features make it an excellent opportunity for a business seeking a high-traffic, well-positioned retail space in a thriving Los Angeles neighborhood. The total building consists of one suite.

• CAP approach

  CAP return

  Valuation

  6%

  $3,808,517

  6.5%

  $3,515,554

  7%

  $3,264,444

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,288,868

  Geo Method

  $4,288,868

• Alternative Use

  Use

  Valuation

  Residential

  $2,965,502

  Hospitality

  $2,716,384

  Educational

  $2,259,999

  Medical

  $2,337,724

  Retail

  $3,515,554

Location Insight

City

Northridge

County

Los Angeles

State

California

Latitude

34.2275

Longitude

-118.502

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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