3831 Hughes AveCulver City, CA 90232

Property Details for 3831 Hughes Ave

Year built

1981

Construction

CONCRETE

Lot size

0.72 AC

Property size (Sq ft)

53,753 SF

Zone code

LACR

Property type

Office properties

Property subtype

Office buildings

APN

4207-004-024

APU

4207004024

Description

This exceptional 7-story medical office building, totaling 56,587 square feet, presents a unique investment opportunity in the thriving Culver City submarket of West Los Angeles. Constructed in 1981, the building boasts a prime location in Los Angeles County, specifically at 3831 Hughes Ave, Culver City, CA 90232. Its convenient location offers easy access for patients and staff. The building features multiple tenancies, with four spaces currently available, ranging in size from 643 square feet to 1,746 square feet, providing flexibility for various medical practices. The building's strategic placement adjacent to Southern California Hospital further enhances its appeal and potential for success. This property is situated within the West Los Angeles submarket cluster of Culver City, offering excellent visibility and accessibility. The building's substantial size and established presence make it an ideal investment for those seeking a strong foothold in the lucrative Los Angeles medical office market. Interested parties are encouraged to inquire about the available spaces and explore the potential of this exceptional property.

• CAP approach

  CAP return

  Valuation

  6%

  $12,418,542

  6.5%

  $11,463,269

  7%

  $10,644,464

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,221,670

  Geo Method

  $10,221,670

• Alternative Use

  Use

  Valuation

  Residential

  $14,214,454

  Hospitality

  $13,020,363

  Educational

  $10,832,789

  Medical

  $11,205,346

  Retail

  $16,851,006

Location Insight

City

Culver City

County

Los Angeles

State

California

Latitude

34.0223

Longitude

-118.398

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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