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.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
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
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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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