3100 Wilshire Blvd, Los Angeles, CA 90010
- Retail space
- 32,208 SF
- 0.75 lot acres
Current Use by Public Records
- I. Custom Tailors / (Bike/Boat/Book/etc) Store
- Italian Custom Tailors (이태리 양복점) / (Bike/Boat/Book/etc) Store
- Antioch Mission Church / Church
- Beach Front Property Management - Los Angeles @ Wilshire Blvd / Apartment Building
Property Details for 3100 Wilshire Blvd
- Year built
- 1939
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.75 lot acres
- Zone code
- LAC4
- Property type
- Retail space
- APN
- 5077-011-001
- APU
- 5077011001
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Apr 29, 2020 | — | 3100 Wilshire LLC | — | Deed · related | $11M · Miscellaneous Ins Co |
| Mar 20, 2020 | $16,770,000 | 3100 Wilshire LLC | Ama Family Trust | Grant Deed | — |
| Feb 20, 2020 | — | Bypass,karubian L Trust | Karubian Properties LLC | Quit Claim Deed · related | — |
| Dec 2, 2019 | — | Ama Family Trust | Ama Family Trust | Quit Claim Deed · related | — |
| Dec 5, 2016 | — | Karubian Properties LLC | Karubian Living Trust | Quit Claim Deed · related | — |
| Sep 1, 2016 | — | Houri Karubian | Karubian,cyrus | Affidavit Of Death · related | — |
| Nov 10, 2008 | — | Mahin Arjad | Arjad,alex | Affidavit Of Death · related | — |
| Oct 24, 2008 | — | Karubian Living Trust | Karubian,houri & Cyrus | Quit Claim Deed · related | — |
| Nov 8, 1996 | — | Arjad Alex | — | Deed Of Trust · related | — |
| Jul 22, 1992 | — | Arjad Alex | — | Deed Of Trust · related | — |
| — | — | 3100 Wilshire LLC | — | Deed Of Trust · related | $11M · Miscellaneous Ins Co |
Description
This exceptional mixed-use property at 3100 Wilshire Boulevard in Los Angeles, CA, presents a compelling investment opportunity. The 39,098 square foot building, constructed in 1939, is situated on a 32,857 square foot lot and features a desirable C4-4-C zoning designation. Currently configured as a storefront and traditional office space, this Class B property offers significant flexibility. The building boasts impressive high bow-truss ceilings on the second floor and a large secured surface parking lot. Its central location provides convenient access to the 10, 101, and 110 freeways, placing it within easy reach of Downtown LA, Hollywood, Silverlake, and Mid-Wilshire. The property benefits from its location in an area experiencing significant redevelopment, demonstrating strong market demand. Furthermore, existing entitlements allow for a substantial mixed-use development project, including 297 residential units (with 33 designated as affordable) and 7,110 square feet of retail space. This presents a unique chance to capitalize on the area's growth and create a high-value, multi-faceted development. The property consists of one building with two stories and has the APN numbers 5077-011-001, 003, 005. This is a value-add investment opportunity with significant upside potential.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $16,360,000
- ML approach
- $9,775,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $12,460,000
- 6.5%
- $11,500,000
- 7%
- $10,680,000
-
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $13,225,000 Current use
- AUTO REPAIR, GARAGE
- $17,510,000 Change: +32% Conversion: Difficult
- OFFICE BUILDING
- $16,165,000 Change: +22% Conversion: Easy
- MEDICAL BUILDING
- $14,670,000 Change: +11% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $13,640,000 Change: +3% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.289
- Latitude
- 34.0614
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
