984 Monument StLos Angeles, CA 90272

Property Details for 984 Monument St

Year built

1963

Construction

WOOD

Lot size

0.20 AC

Property size (Sq ft)

11,778 SF

Zone code

LAC1

Property type

Office properties

Property subtype

Office buildings

APN

4423-017-024

APU

4423017024

Description

This exceptional Los Angeles office suite, located at 984 Monument Street, Suite 110, offers 1,100 to 2,200 square feet of versatile space in a Class B building. Situated in the Los Angeles submarket, this property boasts a convenient location off Sunset Boulevard, across from Caruso Plaza, within walking distance of restaurants, and just three minutes from the beach. The 11,448 square foot building, constructed in 1976, features fifteen suites across two stories and includes one elevator. This particular suite offers five private offices (each accommodating up to twelve people), a conference room, reception area, two private bathrooms, a copier/server room, and a kitchenette. Abundant natural light fills the space through large windows. The property's infrastructure is well-suited for conversion into a dental or medical practice, with existing plumbing and systems in place. The suite comes with two reserved parking spaces, supplemented by ample free visitor parking and an attendant. Additional reserved parking (over 50 spaces) is available across the street. The landlord will provide brand new flooring and a fresh coat of paint in the tenant's chosen color. The property is zoned C1-1VL and sits on 0.2 acres of land in Los Angeles County (APN: 4423-017-024). A total of 35 parking spaces are available for the entire building. This is a truly remarkable opportunity to secure a highly desirable office space in a prime Los Angeles location.

• CAP approach

  CAP return

  Valuation

  6%

  $3,327,645

  6.5%

  $3,071,672

  7%

  $2,852,267

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,236,700

  Geo Method

  $2,239,704

• Alternative Use

  Use

  Valuation

  Residential

  $3,808,874

  Hospitality

  $3,488,908

  Educational

  $2,902,730

  Medical

  $3,002,560

  Retail

  $4,515,358

Location Insight

City

Pacific Palisades

County

Los Angeles

State

California

Latitude

34.0468

Longitude

-118.524

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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