5454 S Centinela Ave - Office FOR SALE


Los Angeles, CA 90066- Playa Vista
$5,000,000 USD
562-706-6033
5454 S Centinela Ave, Los Angeles, CA for Sale
$5,000,000 USD
Office - FOR SALE
1/9
null | Request Cap Rate

5454 S Centinela Ave
Los Angeles, CA 90066
Playa Vista


HIGHLIGHTS

  • 7,620 SF Vacant Owner-User Opportunity in Playa Vista, CA
  • Premier coastal location near the Los Angeles tech and media epicenter
  • C1-1 zoned land with 1.5 FAR density, entitling a future owner to redevelop up to approximately 19,600 SF

OVERVIEW

CBRE Capital Markets, as exclusive advisor, is pleased to present the opportunity to acquire the 100% fee simple interest in 5454 S Centinela Avenue (the “Property” or “Building”) in Playa Vista, CA. The existing structure consists of a single-story, vacant office building on the corner of Centinela and Lucile St. The freestanding 7,620 SF building sits on 0.30 acres of C1-1 zoned land with 1.5 FAR density, entitling a future owner to redevelop up to approximately 19,600 SF for office, medical office, retail, residential, or hotel use. 5454 S Centinela is a boutique opportunity to own and occupy a trophy address with immediate depreciation benefits in the heart of West LA. — Premier coastal location near the Los Angeles tech and media epicenter with abundant amenities. — Rare opportunity to acquire a boutique building in a supply constrained/high demand neighborhood. — The site is currently developed to less than half of the allowable density (1.5 FAR) based on its C1-1 zoning designation, allowing for potential future development. — The building’s current improvements reflect a creative office environment, but can be easily demised for multi-tenant office or retail use with its narrow bay-depths and 163 feet of street front visibility off Centinela. — Playa Vista: Epicenter of Creativity, Media & Technology - Growth sector tenants from the media, technology, and entertainment industries have identified Playa Vista as the business environment of choice where employees can thrive in the creative and innovative office settings.

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$746 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1946

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,237 SF

ZONING

C1

APN/PARCEL ID

4220-012-021

ASK ABOUT THIS PROPERTY

562-706-6033

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562-706-6033

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