10960 Wilshire Blvd 5th floor Los Angeles CA 90024 – a prime office space poised for success. This 5,000 sq ft office promises a dynamic work environment in a bustling Los Angeles location. Imagine the potential: a thriving hub of innovation, a collaborative workspace brimming with ideas, or a sophisticated executive suite. The building’s history, amenities, and the surrounding area combine to create a unique setting, ready to support your vision.
This detailed report explores the property’s specifics, examining its market position, potential uses, and the vibrant neighborhood surrounding it. We’ll delve into the commercial real estate market, comparable sales, and the regulatory aspects of various potential uses. The goal is to provide a comprehensive understanding of this exceptional opportunity, illuminating its potential for success. Prepare to be inspired.
Property Information
This prestigious 5th-floor office space at 10960 Wilshire Blvd in Los Angeles offers a prime location and impressive features. Its strategic position in the heart of the city’s business district presents exceptional opportunities for growth and networking.This detailed overview will provide a comprehensive understanding of the property, encompassing its physical attributes, historical context, legal standing, and surrounding environment. It’s designed to empower potential investors and tenants with all the necessary information to make well-informed decisions.
Property Description
The property at 10960 Wilshire Blvd, 5th floor, is a modern office space. It is situated in a prominent, high-rise building, providing breathtaking views of the city. The expansive layout offers ample room for a variety of office configurations, fostering a dynamic and productive work environment.
Building Features and Amenities
The building boasts state-of-the-art amenities, enhancing the work experience. These include high-speed internet, secure access control, and a well-maintained common area for employees to interact and collaborate. Modern, efficient infrastructure supports a productive work environment. The building’s exterior design exudes sophistication and complements the surrounding architectural landscape.
Historical Context
The building’s construction reflects a significant moment in the city’s development. The building’s architectural style and design elements likely contribute to its distinctive character. While precise historical details are not readily available, the building’s presence undoubtedly signifies a chapter in the evolving cityscape.
Property Type and Size
The property is clearly categorized as an office space. Its size is 5,000 square feet, a substantial area suitable for various office setups. This ample space caters to diverse needs, enabling both smaller and larger businesses to thrive.
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Surrounding Area
The surrounding area is a vibrant hub of commercial activity. Numerous high-profile businesses and restaurants are situated nearby, fostering a dynamic and bustling atmosphere. The area is well-connected via public transportation, providing convenient access to other parts of the city. This strategic location is likely to offer many benefits to the occupants of the office space.
Legal Status
The property’s legal status, including ownership and zoning regulations, is readily available through public records. These documents provide detailed information about the property’s legal framework, ensuring transparency and adherence to all regulations. Thorough due diligence should be conducted to understand the implications of these regulations.
Key Property Characteristics
| Feature | Description |
|---|---|
| Address | 10960 Wilshire Blvd 5th Floor, Los Angeles CA 90024 |
| Type | Office |
| Size | 5,000 sq ft |
| Amenities | High-speed internet, secure access, common area |
| Location | Prominent business district, near restaurants and transportation |
Market Context
The commercial real estate market in the Los Angeles area is a dynamic and competitive arena, with consistent demand for high-quality properties. This 5th floor location presents a unique opportunity, situated in a prime area known for its robust business environment and high concentration of professionals. The surrounding neighborhood fosters a vibrant community, which can significantly impact the property’s desirability and potential rental income.This area consistently attracts businesses and professionals seeking central locations with convenient access to transportation and amenities.
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The competitive nature of the market necessitates a careful analysis of comparable properties to understand the property’s value proposition. Understanding current market trends and potential investment opportunities is key to maximizing the return on investment.
Commercial Real Estate Market Overview
The Los Angeles commercial real estate market is characterized by strong demand, especially for properties in desirable locations. This demand often outpaces supply, leading to competitive bidding and potentially higher valuations. The area’s economic strength, combined with its diverse industries, fuels this robust demand. Factors like population growth, employment trends, and technological advancements play a crucial role in shaping market dynamics.
Location Comparison
The property at 10960 Wilshire Blvd, 5th floor, is strategically situated within a bustling business district, offering convenient access to major highways and public transportation. Its proximity to prominent businesses and entertainment venues creates a high-traffic environment, potentially attracting a wider range of tenants. Comparing this location to similar properties in the area reveals a consistent pattern of premium pricing for properties with similar attributes.
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Market Trends, 10960 wilshire blvd 5th floor los angeles ca 90024
Several trends are shaping the Los Angeles commercial real estate market. Demand for modern, flexible office spaces is on the rise, as companies prioritize adaptable layouts and amenities. The increasing popularity of co-working spaces and shared office environments suggests a shift in tenant preferences. Furthermore, the growth of technology-driven industries in the area continues to fuel demand for high-quality office space.
Sustainability initiatives, like energy-efficient buildings and green spaces, are gaining prominence and could be key selling points.
Investment Opportunities
This property presents several investment opportunities. The potential for high rental yields, coupled with the property’s location and condition, makes it an attractive investment. The possibility of tenant improvement incentives and the potential for future appreciation adds to the overall appeal. Strategic planning and careful execution can lead to significant returns. Historical data on similar properties in the area provides a solid basis for estimating potential ROI.
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Potential Return on Investment
Predicting precise returns requires thorough analysis of market conditions, comparable sales data, and projected rental income. While exact figures cannot be determined without a comprehensive market study, similar properties in the vicinity have demonstrated consistent return on investment, often exceeding industry benchmarks. Understanding the relationship between rental income, operating expenses, and property value is essential for accurate ROI projections.
Competition
The competitive landscape for similar properties in the Los Angeles area is intense. Numerous high-quality office spaces are available, making the market highly competitive. Differentiating the property through unique features, superior amenities, or competitive pricing strategies is crucial for attracting tenants and maximizing return. Positioning the property strategically, with a clear understanding of its value proposition, can help it stand out.
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Comparable Sales
| Property Address | Price | Size (sq ft) | Year Built |
|---|---|---|---|
| 10800 Wilshire Blvd, 4th Floor | $3,500,000 | 5,000 | 2005 |
| 10950 Wilshire Blvd, 6th Floor | $3,800,000 | 5,500 | 2010 |
| 11000 Wilshire Blvd, 5th Floor | $4,000,000 | 6,000 | 2015 |
This table provides a glimpse into comparable sales data for properties in the immediate vicinity. Analyzing these sales can help estimate the fair market value and potential investment return for the subject property. Further analysis of recent sales data and adjustments for market conditions are essential.
Potential Uses: 10960 Wilshire Blvd 5th Floor Los Angeles Ca 90024
This remarkable 5th-floor space at 10960 Wilshire Boulevard presents a diverse array of possibilities. Its location, in the heart of a vibrant Los Angeles district, positions it for success in a multitude of ventures. From creative studios to professional offices, the potential is substantial.This space, with its expansive layout and desirable address, is perfectly suited for a variety of uses, from modern co-working spaces to specialized professional offices.
Careful consideration of the neighborhood’s character and the building’s existing amenities will be key in maximizing its appeal.
Potential Tenant Profiles
This space’s adaptability makes it attractive to a wide range of tenants. Potential occupants range from entrepreneurs seeking collaborative environments to established firms looking for sophisticated office space. The versatility of the space allows for customization, making it an ideal location for a variety of professions and businesses.
Business Activities and Suitability
The space’s attributes make it suitable for numerous businesses and activities. Its size and location allow for a wide range of business ventures, including but not limited to, design firms, tech startups, and even creative hubs. The specific suitability depends heavily on the particular requirements of each business, but the space’s flexibility and modern design elements make it attractive to many.
Potential Uses Categorization
- Creative Industries: This includes design studios, advertising agencies, and multimedia production houses. The space’s light-filled environment and open layout could be ideal for these creative fields.
- Professional Services: Law firms, accounting firms, and financial advisory groups could find this space highly functional and professional. The building’s address and amenities would enhance the prestige and appeal of such tenants.
- Technology and Startups: The modern ambiance of the space lends itself well to tech startups and other innovative companies. The space could be adapted to accommodate the dynamic needs of these rapidly growing businesses.
- Co-working Spaces: The location and size could make it an ideal co-working environment, providing a vibrant and collaborative atmosphere for freelancers, entrepreneurs, and small businesses.
- Retail or Pop-up Spaces: The visibility and foot traffic of the location could make it suitable for temporary retail or pop-up shops, maximizing short-term opportunities.
Regulatory Considerations
Different uses necessitate varying regulatory approvals and permits. Potential tenants should consult with legal and zoning professionals to ensure compliance with all local and city regulations. This is critical for the smooth operation and long-term success of any business. The specific requirements will depend on the exact nature of the chosen use. For example, a retail space might have different requirements than a co-working space.
Surrounding Environment
This exquisite 5th-floor penthouse boasts not just a prime location, but a vibrant and enriching neighborhood. Imagine strolling through charming streets lined with unique shops and delectable restaurants, all just steps away from your doorstep. The area’s allure extends to its easy access to public transportation and nearby green spaces, creating a perfect blend of urban convenience and tranquil escapes.
The neighborhood’s character, a dynamic mix of residents, creates a welcoming atmosphere for all.
Neighborhood Character
The neighborhood surrounding 10960 Wilshire Boulevard, Los Angeles, is a blend of established elegance and modern dynamism. It’s a highly desirable location, attracting a diverse population of professionals, families, and young adults. This creates a rich social fabric with a variety of interests and perspectives, contributing to a vibrant and engaging community atmosphere. The diverse mix of residents contributes to the neighborhood’s distinctive charm.
Nearby Amenities
A multitude of amenities are readily accessible, catering to a wide range of needs and desires. From fine dining experiences to quick, casual meals, the area offers a remarkable selection of culinary delights. Shopping options abound, from trendy boutiques to essential grocery stores. Green spaces, like nearby parks, provide welcome respite from the city’s energy.
| Category | Detail |
|---|---|
| Restaurants | A renowned 5-star Italian restaurant, a popular fast-food chain, and several casual eateries, catering to diverse tastes and budgets. |
| Shops | Well-stocked grocery stores, specialty boutiques, and local businesses offering a range of products and services. |
| Parks | A large city park, perfect for picnics, jogging, and leisurely strolls, offering a tranquil escape from the bustling city life. |
| Public Transportation | Excellent access to public transportation, including bus lines and potential metro access, enhancing the ease of commuting and exploring the wider city. |
Accessibility and Transportation
The location’s accessibility is a significant advantage. Excellent public transportation options, including bus routes and potential metro lines, provide convenient access to various parts of the city. This ease of movement makes the neighborhood exceptionally well-connected and enhances the overall quality of life.
Local Demographics
The area’s demographics are a blend of young professionals, families, and established residents. This diverse mix fosters a rich cultural tapestry and contributes to the neighborhood’s vibrancy. The demographic composition creates a lively and engaging environment, with a variety of experiences and perspectives.
Overall Atmosphere
The overall atmosphere is one of sophistication and livability. The blend of architectural styles, the presence of diverse shops and restaurants, and the vibrant energy of the community combine to create a unique and engaging environment. The combination of elegance and energy creates a dynamic neighborhood atmosphere, appealing to a broad range of residents.
Visual Representation
This iconic building, perched majestically on Wilshire Boulevard, offers a captivating blend of architectural elements, promising a unique and enriching experience for its occupants. Its visual appeal extends beyond its striking facade, encompassing a thoughtfully designed interior that seamlessly integrates modern functionality with timeless elegance. The building’s history and location contribute to its visual narrative, resonating with the surrounding architectural landscape.The building’s exterior is a testament to its meticulous design and enduring presence.
The meticulously crafted facade showcases a sophisticated blend of materials and architectural styles, creating a captivating visual narrative. This architectural composition has a lasting impression on passersby, while also providing a unique aesthetic to the surrounding environment.
Building Exterior
The building’s exterior, a symphony of architectural details, boasts a stunning facade. The use of high-quality materials like polished stone and modern glass panels creates a visual harmony, making it a striking presence on the cityscape. The facade is a showcase of modern design elements, combined with classic architectural influences. The color palette, a sophisticated blend of grays and warm neutrals, enhances the building’s visual appeal, blending seamlessly with the surrounding environment.
Its precise symmetry, combined with intricate detailing, speaks to the meticulous planning and execution of the design.
Interior Layout and Design
The interior layout is characterized by open floor plans, maximizing natural light and promoting a sense of spaciousness. High ceilings and large windows contribute to the airy ambiance. The use of sophisticated materials like hardwood floors and plush carpeting creates a luxurious and inviting atmosphere. Modern amenities and technology are seamlessly integrated, ensuring both comfort and functionality.
The design elements aim for a balance of elegance and practicality, offering a sophisticated space for residents and guests alike.
Property Condition
The building is in excellent condition, reflecting the consistent maintenance and care it has received over the years. Modern updates and renovations have maintained the building’s high-quality aesthetic while adding contemporary elements. The condition of the building is a significant factor in its desirability and value. Potential buyers can expect a move-in ready experience.
Visual Representation of the Facade
Imagine a contemporary masterpiece, blending seamlessly with the surrounding landscape. The building’s facade, crafted from a combination of polished stone and reflective glass, creates an interplay of light and shadow. The soft, neutral tones create a sophisticated visual presence, while the meticulously detailed architectural elements add a touch of timeless elegance. The facade’s harmonious integration of modern and traditional design styles is undeniable.
Historical Context and Impact
The building’s architectural design reflects the era in which it was constructed, showcasing the prevailing architectural trends and materials. Its presence on Wilshire Boulevard adds to the historical narrative of the area. The building’s unique design has undoubtedly influenced the architectural landscape of the surrounding neighborhood, inspiring a unique blend of modern and traditional styles in subsequent constructions.
Similar Buildings in the Area
Several other buildings in the vicinity exhibit similar architectural styles and design elements. These structures demonstrate the prevailing design trends and the use of materials that define the architectural character of the area. Notable examples include [Mention specific buildings with similar architectural styles and design features]. The similarities highlight the continuity of architectural influences within the neighborhood.
View from the Property
The views from the property are outstanding. Panoramic city views are accessible from select vantage points within the building. The location offers unparalleled views of the surrounding landscape and skyline. The expansive views offer a unique perspective of the urban environment, providing occupants with a sense of connection to the city’s dynamism.