For Sale
$14,500,000

955 Carrillo Dr Los Angeles, CA 90048

Prime Miracle Mile location, 22,568 SF, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional four-story, 22,568-square-foot medical office building is situated on a 12,763-square-foot lot in the highly sought-after Miracle Mile neighborhood of West Hollywood, California. Built in 1990, the property boasts a stunning Mediterranean Garden style architecture, featuring multiple courtyards, private terraces, and lush landscaping, creating a tranquil oasis in a bustling commercial district. The building offers a 4:1,000 square foot parking ratio and is currently 100% occupied by a diverse range of medical and office tenants, including physical therapy centers, a vision center, entertainment industry offices, and holistic health services. The property generates a substantial net operating income (NOI) of $648,854, with an asking price of $14,500,000, resulting in a price per square foot of $642. Located at 955 Carrillo Drive, zip code 90048, the building benefits from its proximity to major thoroughfares, offering high visibility and accessibility. The property's LAC2 zoning and current Certificate of Occupancy allow for a variety of office, retail, and medical uses. This presents a unique owner-user opportunity with approximately 15,875 square feet potentially available. The building's prime location within the Carthay Circle Garden Plaza provides easy access to numerous dining, shopping, and entertainment options, including the Beverly Center and The Grove, and is conveniently located near Cedars Sinai Hospital. With a Walk Score of 91, this property offers unparalleled convenience and accessibility. The high average daily traffic volume of 21,509 vehicles on Carrillo Drive further enhances its desirability.

Highlights

  • Highly desirable boutique medical office building in West Hollywood's Miracle Mile.
  • Built in 1990.
  • Mediterranean Garden-style architecture with courtyards and terraces.
  • Tenants include medical and office users.
  • Numerous walkable amenities near The Grove and Beverly Center.
  • Walk Score of 91.

Property Details for 955 Carrillo Dr

Property type
Office properties, Medical offices
Square Feet
22,568 SF
Year Built
1990
Stories
4

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
34.0599078
Longitude
-118.3683193
955 Carrillo Dr, Los Angeles, California

FAQs

What type of property is this?
Office property - Prime Miracle Mile location, 22,568 SF, 100% occupied.
Where is the office property located?
The property is located at 955 Carrillo Dr Los Angeles, CA.
What is the asking price?
The asking price for this property is $14,500,000.
What are key features of this property?
This property features: Highly desirable boutique medical office building in West Hollywood's Miracle Mile.; Built in 1990.; Mediterranean Garden-style architecture with courtyards and terraces.
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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955 Carrillo Dr
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