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    Property profile & analytics
    OFF-MARKET Estimated value $2,540,000
    Office buildings

    984 Monument St, Pacific Palisades, CA 90272-3857

    11,778 SF 0.2 ac lot Built 1963
    Individually Owned 27-yr Hold Free & Clear
    Property ID
    US10-0510019
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Office buildings
    Use group PROFESSIONAL BUILDING
    Year built 1963
    Construction WOOD
    Total area 11,778 SF
    Lot 0.2 ac (8,634 SF)
    Zoning code LAC1
    APN 4423-017-024
    UPID US10-0510019
    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
    Current use
    Occupant on record · Public records
    • Gabrielle L. Shutter - Amalfi Estates Real Estate Agency
    • Desy Willis, Amalfi Estates Real Estate Agency
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $2.54M
    Owner & transaction history
    N · 27 yrs held
    N
    since 1998
    3 recorded transactions
    1998
    1994
    1994
    Zoning & alternative use
    LAC1 · Pacific Palisades, CA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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