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Office and School Use 1660-1670 Wilshire Blvd 36,712 SF Office Building Los Angeles, CA 90017 $8,500,000 ($231.53/SF)
INVESTMENT HIGHLIGHTS
- Wilshire Boulevard Location
- Currently Occupied by an Adult School That Will Vacate at the Close
- Freeway Accessibility
- Office and School Use
- Adjacent to Downtown LA, Silverlake/Echo Park & Koreatown
- Ample Parking- Approximately 78 surface parking spaces
EXECUTIVE SUMMARY
Core Asset Opportunity For Sale in LA
1600-1670 Wilshire Boulevard offers an amazing opportunity to acquire a core asset with a strategic location, the flexibility of attracting both office and school user buyers as well as development potential. It is a user's dream opportunity to enter one of the most vibrant markets in the country. The building will likely be an ideal situation for the right user with its parking, flexibility and central location. Alternatively, developers will be enticed by the potential of the site along with the redevelopment surge throughout the local submarket.
1600-1670 Wilshire Boulevard offers an amazing opportunity to acquire a core asset with a strategic location, the flexibility of attracting both office and school user buyers as well as development potential. It is a user's dream opportunity to enter one of the most vibrant markets in the country. The building will likely be an ideal situation for the right user with its parking, flexibility and central location. Alternatively, developers will be enticed by the potential of the site along with the redevelopment surge throughout the local submarket.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
36,712 SF
Building Class
C
Year Built
1937
Price
$8,500,000
Price Per SF
$231.53
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
18,356 SF
Building FAR
1.02
Lot Size
0.82 AC
Opportunity Zone
Yes
Zoning
LAC4
1 1
Walk Score®
Walker's Paradise (96)
Transit Score®
Excellent Transit (88)
Bike Score®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,341,112 | |
| Land Assessment | $1,235,199 | Total Assessment | $2,576,311 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,235,199
Improvements Assessment
$1,341,112
Total Assessment
$2,576,311
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Office and School Use | 1660-1670 Wilshire Blvd
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