31194 La Baya Dr Westlake Village, CA 91362
- Office buildings
- 1,194 SF
- 3.80 lot acres
Current Use by Public Records
- Office buildings
Property Details for 31194 La Baya Dr
- Year built
- 1981
- Construction
- TILT-UP CONCRETE
- Lot size
- 3.80 lot acres
- Property size
- 1,194 SF
- Zone code
- WVM1*
- Property type
- Office buildings
- APN
- 2054-028-058
- APU
- 2054028058
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $725,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $725,000
- 6.5%
- $690,000
- 7%
- $650,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $715,000
- Geo Method
- $735,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $640,000
- Retail
- $720,000
- Mixed-Use
- $750,000
- Hospitality
- $790,000
- Educational
- $615,000
- Residential Income
- $755,000
- Energy
- $770,000
- Income-Based Land
- $655,000
- Food Service
- $595,000
Location Insight
- Map
- Local Demand
- City
- Westlake Village
- County
- Los Angeles
- State
- California
- Longitude
- -118.802
- Latitude
- 34.1558
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA