This exceptional two-story medical office building, located in the heart of Koreatown at 966 S Western Ave, Los Angeles, CA 90006, offers a total of 20,954 square feet on a 13,939 square foot lot. The building features modern construction and boasts a convenient underground parking garage for tenants and visitors. Currently, there are two available spaces, ranging from 892 to 3,086 square feet, ideal for a variety of medical practices. The building's prime location in Los Angeles County places it within walking distance of key amenities such as the Galleria Market, Koreatown Plaza, and several banks, ensuring convenient access for both patients and staff. The ground floor spaces feature high ceilings, adding to the building's appeal and functionality. This is a multi-tenant building, providing a vibrant and collaborative environment. The property is situated in a thriving area with excellent visibility and accessibility, making it an attractive investment opportunity for medical professionals seeking a well-established and convenient location. This is a single building property with a total of two stories. Serious inquiries only.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$7,219,320
6.5%
$6,663,988
7%
$6,187,988
Comparable approach
Method
Valuation
Relative Method
$5,922,666
Geo Method
$5,922,666
Alternative Use
Use
Valuation
Residential
$6,663,988
Hospitality
$6,104,177
Educational
$5,078,604
Medical
$5,253,264
Retail
$7,900,050
Location Insight
City
Los Angeles
County
Los Angeles
State
California
Latitude
34.0538
Longitude
-118.309
CBSA code
31080
CBSA name
LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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