6200 Wilshire BlvdLos Angeles, CA 90048

Property Details for 6200 Wilshire Blvd

Year built

1970

Construction

CONCRETE

Lot size

0.42 AC

Property size (Sq ft)

116,362 SF

Zone code

LAC4

Property type

Healthcare properties

Property subtype

Medical offices

APN

5088-015-021

APU

5088015021

Description

This seventeen-story, Class A medical office building, totaling 114,237 square feet, is located at 6200 Wilshire Boulevard in the prestigious Miracle Mile area of Los Angeles, California, zip code 90048. The property boasts a prime location within the evolving Media Mile, attracting major entertainment companies. Suites range in size from 667 to 11,800 square feet, offering flexibility for various tenant needs, including full-floor options and smaller suites. Many suites feature existing medical build-outs. The building includes a parking structure with valet service, four elevators, and a common vacuum and compressor system for dental practices. Building amenities include full-service options, electronic directories, and tech services and automation. The exterior and common areas are undergoing complete renovations. The building's stunning lattice work and grand entranceway provide excellent opportunities for prominent rooftop signage. Panoramic views of Museum Row, Downtown Los Angeles, Century City, and the Hollywood Hills are visible from many suites, thanks to wrap-around window lines. A fire sprinkler system is in place. The ground floor offers medical space with quasi-retail potential. Interior designers are available to assist with creating customized suites.

• CAP approach

  CAP return

  Valuation

  6%

  $33,714,708

  6.5%

  $31,121,268

  7%

  $28,898,320

• Comparable approach

  Method

  Valuation

  Relative Method

  $22,127,398

  Geo Method

  $22,127,398

• Alternative Use

  Use

  Valuation

  Residential

  $38,590,372

  Hospitality

  $35,348,572

  Educational

  $29,409,598

  Medical

  $30,421,040

  Retail

  $45,748,264

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0629

Longitude

-118.364

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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