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5454 S Centinela Ave 7,620 SF Office Building Los Angeles, CA 90066 $6,975,500 CAD ($915.42 CAD/SF)
Investment Highlights
- 7,620 SF Vacant Owner-User Opportunity in Playa Vista, CA
- C1-1 zoned land with 1.5 FAR density, entitling a future owner to redevelop up to approximately 19,600 SF
- Premier coastal location near the Los Angeles tech and media epicenter
Executive Summary
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.
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.
Property Facts
Sale Type
Owner User
Property Type
Office
Building Size
7,620 SF
Building Class
C
Year Built
1946
Price
$6,975,500 CAD
Price Per SF
$915.42 CAD
Building Height
1 Story
Typical Floor Size
7,620 SF
Building FAR
0.58
Lot Size
0.30 AC
Zoning
C1
Parking
12 Spaces (1.57 Spaces per 1,000 SF Leased)
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 4220-012-021 | Improvements Assessment | $116,251 CAD |
| Land Assessment | $369,364 CAD | Total Assessment | $485,615 CAD |
Property Taxes
Parcel Number
4220-012-021
Land Assessment
$369,364 CAD
Improvements Assessment
$116,251 CAD
Total Assessment
$485,615 CAD
Contacts
-
Grant Goldman -
Patrick Amos -
Robert Waller -
Mark Shaffer -
Michael Longo -
Melissa Moock -
CBRE
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5454 S Centinela Ave
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