231 W Vernon Ave - Medical FOR SALE


Los Angeles, CA 90037- Vernon-Main
$12,500,000 USD
424-404-9993
231 W Vernon Ave, Los Angeles, CA for Sale
$12,500,000 USD
Medical - FOR SALE
1/6
null | 2.21% Cap Rate

NEW


231 W Vernon Ave
Los Angeles, CA 90037
Vernon-Main


OVERVIEW

• This property features long-term, reputable medical tenants, ensuring stable cash flow and minimal vacancy risk. • The multi-tenant layout provides diversified income opportunities, enhancing investment security. • The majority of the leases are month-to-month, new ownership the flexibility of immediate value-add or owner-user opportunity. • 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. • Opportunities exist to increase rental income through lease restructuring, property improvements, or an optimized tenant mix. • 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.

FOR SALE DETAILS

PRICE

$12,500,000 USD

PRICE/SF

$563 USD /SF

CAP RATE

2.21%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1953

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.14 AC

LAND SF

49,658 SF

ZONING

LAR2

APN/PARCEL ID

5111-010-036

ASK ABOUT THIS PROPERTY

Laura Alice ScaturroEve CapitalMore Info
424-404-9993

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Laura Alice ScaturroEve CapitalMore Info
424-404-9993

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