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GenevaCho Medical Center 3160 Geneva St 154,799 SF Vacant Office Building Los Angeles, CA 90020 $18,000,000 ($116.28/SF)
Investment Highlights
- Redevelopment opportunity for multiple potential uses – medical, seniors housing, behavioral health, multi-family and other post-acute uses
- Fantastic opportunity in an area that is medically underserved – with more than 1.2 million people within 5 miles of the center.
- The GenevaCho Medical Center provides ample parking options for patients and guests and is also just a half-mile from a Metro station.
- Vacant former hospital (now in shell condition) in the dynamic Koreatown neighborhood – LA’s most densely populated area.
- Located within a Qualified Opportunity Zone (QOZ), tenants also enjoy collaboration opportunities with USC, UCLA, and Cedars-Sinai Medical Center.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
154,799 SF
Building Class
B
Year Built/Renovated
1983/2023
Price
$18,000,000
Price Per SF
$116.28
Percent Leased
Vacant
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
51,600 SF
Building FAR
1.58
Lot Size
2.25 AC
Opportunity Zone
Yes
Zoning
R1-1 - One-Family Zone
Amenities
- Signage
Very walkable
80/100
Moderately drivable
70/100
Exceptional public transit
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5501-023-013 | Improvements Assessment | $9,671,548 |
| Land Assessment | $21,960,105 | Total Assessment | $31,631,653 |
Property Taxes
Parcel Number
5501-023-013
Land Assessment
$21,960,105
Improvements Assessment
$9,671,548
Total Assessment
$31,631,653
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GenevaCho Medical Center | 3160 Geneva St
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