5421 Topanga Cyn BlvdLos Angeles, CA 91367

Property Details for 5421 Topanga Cyn Blvd

Year built

1960

Property size (Sq ft)

3,213 SF

Property type

Office properties

Property subtype

Medical offices

Description

This exceptional investment opportunity presents a 3,213 square foot medical office building in the highly desirable Woodland Hills, CA market. Located at 5421 Topanga Canyon Blvd, this single-story building, constructed in 1960 and renovated in 2005, sits on a 5,899 square foot lot and boasts a 100% occupancy rate with two tenants: VetCor, a leading veterinary hospital operator with 888+ locations nationwide, and OUTFRONT Media, a major billboard company. The property benefits from a Net Lease (NNN) structure with a current Net Operating Income (NOI) of $163,114, representing a 5.85% cap rate and a price per square foot of $868.14. The asking price is $2,789,330, with a land value of $472.85 per square foot. The lease with VetCor includes a corporate guaranty and features 2% annual rent bumps, providing a hedge against inflation. Additionally, the OUTFRONT Media billboard lease has approximately 14 years remaining. The property is strategically positioned near Ventura Boulevard, a major commercial artery, and surrounded by numerous national retailers and affluent residential areas. Its proximity to the planned Warner Center development further enhances its long-term value. The lease includes options for renewal, with 2 and 5-year options available. This property offers a stable, passive income stream with significant upside potential in a thriving market. The permitted zoning is C4-1VLD. The property's location within Woodland Hills provides access to a high-density affluent demographic, with over 80,537 residents within a 2-mile radius and 353,568 within a 5-mile radius, boasting an average household income exceeding $126,055.

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.169

Longitude

-118.606

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