3680 Imperial HwyLynwood, CA 90262
- Office properties
- 62,898 SF
Property Details for 3680 Imperial Hwy
- Year built
- 1982
- Construction
- STEEL FRAME
- Lot size
- 0.86 AC
- Property size (Sq ft)
- 62,898 SF
- Zone code
- LYHM
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 6173-015-039
- APU
- 6173015039
Description
This exceptional value-add opportunity presents a five-story, 65,318 square foot medical office building situated on 2.01 acres in Lynwood, California. Located within 250 yards of the 384-bed St. Francis Medical Center, this Class B property boasts a prime location within a strong outpatient medical market. Currently 74.5% occupied by twelve established medical tenants, the weighted-average lease term is approximately 2.2 years. The building offers significant upside potential through leasing the remaining vacancy at rents projected to be 15-20% higher than current rates, attracting high-credit health systems seeking long-term commitments. Built in 1982, this multi-tenant property offers a compelling investment opportunity with a current NOI of $991,227 and a 7.08% cap rate. The asking price is $14,000,000, translating to $214.34 per square foot. The Lynwood area's established outpatient medical submarket, coupled with the limited availability of comparable properties, makes this a rare and attractive investment. The property's proximity to St. Francis Medical Center contributes to higher tenant reimbursements. This presents a unique chance to capitalize on the robust demand for medical office space in this thriving Los Angeles County location. The address is 3680 E Imperial Hwy, Lynwood, CA 90262.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $18,069,746
- 6.5%
- $16,679,765
- 7%
- $15,488,353
-
Comparable approach
- Method
- Valuation
- Relative Method
- $11,960,684
- Geo Method
- $11,960,684
-
Alternative Use
- Use
- Valuation
- Residential
- $20,682,908
- Hospitality
- $18,945,432
- Educational
- $15,762,378
- Medical
- $16,304,470
- Retail
- $24,519,254
Location Insight
- City
- Lynwood
- County
- Los Angeles
- State
- California
- Latitude
- 33.9318
- Longitude
- -118.201
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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