For Sale
$2,000,000

7913 Satsuma Ave Los Angeles, CA 91352

Prime Medical Building, High Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
136
Exceptional investment opportunity: a 2,497 square foot medical facility in Los Angeles, California's Sun Valley neighborhood. This property, located at 7913 Satsuma Ave, 91352, boasts a 6.20% cap rate and a net operating income (NOI) of $124,104, making it an attractive addition to any portfolio. Offered at $2,000,000, the price per square foot is $800.96. The building, constructed in 1944, sits on a 7,694 square foot lot and is currently zoned residential. This six-bed congregate healthcare living facility is licensed by the state of California. Sun Valley, a vibrant Los Angeles community, offers a population of approximately 75,000 with a median age of 28 and a median household income of $51,290 (2015 data). Its convenient location provides easy access to Downtown Los Angeles, major freeways, shopping, and dining. The property's APN is 2409-006-017. This is a rare chance to acquire a well-situated medical facility with strong financial performance in a growing market.

Highlights

  • $2,000,000 asking price.
  • 2,497 square foot medical facility.
  • 6.20% cap rate with a $124,104 NOI.
  • Located at 7913 Satsuma Ave, Los Angeles, CA 91352.
  • Situated on a 7,694 square foot lot.
  • Built in 1944.

Property Details for 7913 Satsuma Ave

Property type
Hospitality properties, Healthcare properties
Square Feet
2,497 SF
Year Built
1944

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
34.2143102
Longitude
-118.3673578

FAQs

What type of property is this?
Hospitality property - Prime Medical Building, High Cap Rate
Where is the hospitality property located?
The property is located at 7913 Satsuma Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: $2,000,000 asking price.; 2,497 square foot medical facility.; 6.20% cap rate with a $124,104 NOI.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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7913 Satsuma Ave
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