10537 Santa Monica Blvd - Medical FOR SALE


Los Angeles, CA 90025- Westwood
$7,995,000 USD
310-800-7955
10537 Santa Monica Blvd, Los Angeles, CA for Sale
$7,995,000 USD
Medical - FOR SALE
1/29
null | Request Cap Rate

10537 Santa Monica Blvd
Los Angeles, CA 90025
Westwood


OVERVIEW

We are pleased to present an exceptional opportunity to acquire the fee-simple interest in 10537 Santa Monica Boulevard, a premier 14,256 square-foot, three-story office building situated in the highly sought-after Westwood submarket of Los Angeles. Constructed in 1979 and recently renovated, this property offers turn-key office suites with premium finishes and a flexible layout designed to meet the evolving needs of both creative and professional services tenants. Situated on Santa Monica Boulevard in West Los Angeles, one of the most desirable areas of the Westside, this glass-brick office building benefits from high visibility with over 56,000 vehicles passing by daily and offers convenient access to both I-405 and I-10. Additionally, the property includes a ground-floor level of secure parking. 10537 Santa Monica Boulevard presents a versatile investment opportunity, offering both owner/user potential and a secure income stream. The building can be acquired with existing leases in place, ensuring immediate rental income, or it can be sold 100% vacant, allowing for flexible occupancy or redevelopment options. PROPERTY HIGHLIGHTS: • Boutique Three-Story Office Building: Includes move-in ready spaces for immediate occupancy • Owner/User Flexibility: Unique investment opportunity for flexible occupancy strategy, beneficial for both owner/users and investors • Medical Use: A Conditional Use Permit (CUP) for full medical use of the building may be feasible through the Los Angeles Bicycle Parking Program, which provides parking reductions and allowances for medical centers that incorporate designated bike parking. Call brokers for more info • BOMA: The building can be measured in accordance with the current BOMA 2024 standard to reflect updated rentable area calculations • Excellent Freeway Access: Convenient access to I-405 and I-10 • Prime Location: Positioned on the north side of Santa Monica Boulevard between the signalized intersections of Thayer and Westholme, and just ½ mile from Century City Mall

FOR SALE DETAILS

PRICE

$7,995,000 USD

PRICE/SF

$561 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

48

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

C2-1

APN/PARCEL ID

4326-033-041

ASK ABOUT THIS PROPERTY

Daniel ChiprutCommercial Asset Group (CAG)More Info
310-800-7955

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Daniel ChiprutCommercial Asset Group (CAG)More Info
310-800-7955

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.