12401 Wilshire BlvdLos Angeles, CA 90025

Property Details for 12401 Wilshire Blvd

Year built

1978

Construction

TILT-UP CONCRETE

Lot size

0.68 AC

Property size (Sq ft)

33,800 SF

Zone code

LARE9

Property type

Office properties

Property subtype

Office buildings

APN

4264-019-036

APU

4264019036

Description

This exceptional three-story office building, totaling 33,800 square feet, is ideally situated at the corner of Wilshire Boulevard and Carmelina Avenue in the desirable Brentwood neighborhood of Los Angeles County. Built in 1977, the property boasts 10 suites, offering a variety of sizes ranging from 170 to 400 square feet, with six currently available for lease. The building features ample surface parking with 76 spaces and an attendant, ensuring convenient access for tenants and their clients. Its strategic location provides easy access to the 405 and 10 freeways, placing it at the heart of Santa Monica, Brentwood, and West Los Angeles. The building includes an elevator for convenient access to all three floors. Second-floor suites, designed for therapists, include soundproofed walls, waiting rooms with call buttons, private restrooms, kitchens, and ample file and storage space. Third-floor suites, ideal for legal professionals, offer a conference room, file and storage rooms, a kitchen, and a reception area. The property is zoned C4 and has an APN of 4264-019-036. This is a fantastic opportunity to secure office space in a prime location with excellent amenities. The building's convenient location and thoughtful design make it an ideal choice for a variety of businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $8,737,635

  6.5%

  $8,065,510

  7%

  $7,489,402

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,407,443

  Geo Method

  $6,427,408

• Alternative Use

  Use

  Valuation

  Residential

  $10,001,232

  Hospitality

  $9,161,075

  Educational

  $7,621,906

  Medical

  $7,884,036

  Retail

  $11,856,299

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.042

Longitude

-118.471

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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