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231 W Vernon Ave 22,219 SF 100% Leased Office Building Los Angeles, CA 90037 $12,500,000 ($562.58/SF)
EXECUTIVE SUMMARY
• This property features long-term, reputable medical tenants, ensuring stable cash flow.
• The multi-tenant layout provides diversified income opportunities, enhancing investment security.
• Located in a high-demand area of Los Angeles, the property benefits from a strong and growing need for healthcare services. The facility is positioned near hospitals and other medical providers, fostering collaboration and referral potential.
• As a healthcare-focused asset, the property remains resilient in various economic conditions, offering long-term stability.
• The strong healthcare industry in Los Angeles supports continued demand, contributing to long-term appreciation.
• Large site in densely populated area has strong development potential.
• Extensive solar panels covering the large parking area to be delivered free and clear of any lease or debt.
• The multi-tenant layout provides diversified income opportunities, enhancing investment security.
• Located in a high-demand area of Los Angeles, the property benefits from a strong and growing need for healthcare services. The facility is positioned near hospitals and other medical providers, fostering collaboration and referral potential.
• As a healthcare-focused asset, the property remains resilient in various economic conditions, offering long-term stability.
• The strong healthcare industry in Los Angeles supports continued demand, contributing to long-term appreciation.
• Large site in densely populated area has strong development potential.
• Extensive solar panels covering the large parking area to be delivered free and clear of any lease or debt.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
22,219 SF
Building Class
C
Year Built/Renovated
1953/2024
Price
$12,500,000
Price Per SF
$562.58
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
11,109 SF
Building FAR
0.45
Lot Size
1.14 AC
Opportunity Zone
Yes
Zoning
C2-@D-CPIO
Walk Score®
Very Walkable (87)
Bike Score®
Very Bikeable (84)
PROPERTY TAXES
| Parcel Number | 5111-010-036 | Improvements Assessment | $1,105,312 |
| Land Assessment | $395,603 | Total Assessment | $1,500,915 |
PROPERTY TAXES
Parcel Number
5111-010-036
Land Assessment
$395,603
Improvements Assessment
$1,105,312
Total Assessment
$1,500,915
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231 W Vernon Ave
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