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Property profile & analytics
OFF-MARKET Estimated value $700,000
Office buildings

31194 La Baya Dr 102 Westlake Village, CA 91362-4022

1,194 SF 3.8 ac lot Built 1981
Individually Owned 2-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-8322762
Property summary
AI-generated overview

This 1,350-square-foot furnished office condo in Westlake Village, CA, presents a unique owner/user investment opportunity. Located at 31194 La Baya #206, 91362, this traditional office space boasts two large executive offices, a conference room, reception area, galley kitchen, and an in-suite restroom. The unit features two entrances and elevator access, along with four allocated parking spaces. Built in 1981 and zoned BP (Business Park), the property is move-in ready, offering immediate occupancy on October 30, 2024. The asking price is $540,000, translating to $400 per square foot. The convenient location offers proximity to numerous amenities, including Costco, the Four Seasons Hotel, Oaks Christian, Westlake Playfield Complex & YMCA, and various restaurants and shops. The 101 Freeway is also easily accessible. The owner's association maintains the common areas and exterior, providing a hassle-free ownership experience. This is an exceptional opportunity to build equity instead of paying rent. The net rentable square footage is 1,350 square feet.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1981
Construction TILT-UP CONCRETE
Total area 1,194 SF
Lot 3.8 ac (165,323 SF)
Zoning code WVM1*
APN 2054-028-058
UPID US09-8322762
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$720k
CAP Approach CAP
$430k
Comparable Approach Comparable
$525k
Blend (final) Blend
$700k
Owner & transaction history
Mitchell J Willet · 2 yrs held
Mitchell J Willet
since 2023
Last sale
$680,500
7 recorded transactions
2023
Price N/A
2022
Price N/A
2020
Price N/A
2005
Price N/A
2004
$680,500
2004
Price N/A
2001
Price N/A
Zoning & alternative use
WVM1* · Westlake Village, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center $725,000 +35.7%
Auto repair, garage $550,000 +3.1%
Medical building $545,000 +1.4%
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