8900 Wilshire BlvdBeverly Hills, CA 90211

Property Details for 8900 Wilshire Blvd

Year built

1986

Construction

STEEL FRAME

Lot size

0.36 AC

Property size (Sq ft)

33,538 SF

Zone code

BHC3YY

Property type

Office properties

Property subtype

Office buildings

APN

4333-001-051

APU

4333001051

Description

This exceptional medical office building, located at 8900 Wilshire Boulevard in Beverly Hills, California, presents a rare opportunity. The property, built in 1986, offers a total of 33,663 square feet across three stories, with ample parking (4 spaces per 1,000 square feet). Currently, there are two contiguous spaces available for lease, ranging from a minimum of 2,000 square feet to a maximum of 6,104 contiguous square feet. A total of 8,104 square feet is currently vacant. The building is ideally suited for medical practices, featuring efficient floor plans designed to accommodate various needs. Each space includes a mix of perimeter offices/exam rooms and interior offices/consultation rooms, along with private restrooms. This is a turn-key solution, perfect for medical practitioners seeking to establish or expand their practice in the prestigious Beverly Hills area with minimal initial investment. The property is situated in Los Angeles County, zip code 90211, and offers a highly desirable location for medical professionals. This is a multi-tenant building, providing a collaborative and professional environment. The building's location on Wilshire Boulevard provides excellent visibility and accessibility.

• CAP approach

  CAP return

  Valuation

  6%

  $9,717,295

  6.5%

  $8,969,811

  7%

  $8,329,110

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,377,586

  Geo Method

  $6,377,586

• Alternative Use

  Use

  Valuation

  Residential

  $11,122,565

  Hospitality

  $10,188,210

  Educational

  $8,476,471

  Medical

  $8,767,990

  Retail

  $13,185,621

Location Insight

City

Beverly Hills

County

Los Angeles

State

California

Latitude

34.0667

Longitude

-118.386

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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