12849 Magnolia Valley Village, CA 91607

Located in Valley Village, CA, the property at 12849 Magnolia Blvd is a 2,700 square foot medical office building situated on a 6,286 square foot lot. The building features a common reception room with separate doors to each medical suite and a basement for storage and an extra bathroom. The roof is two years old and comes with a 10-year warranty. One side of the building is currently leased to a dentist until 1/31/27, with a 5-year option and annual 3% rent increases; the current rent is $3874.70, and the tenant occupies approximately 1300 square feet and reimburses 75% of the electric bill. The tenant also has the first right of refusal (10 days). The west side of the building is vacant medical space with 5 exam rooms, offering a potential market rent of approximately $3,900 per month and encompassing approximately 1300 square feet. Additional square footage is available in the basement, which includes a bathroom and plumbing, making it suitable for dental lab work. A billboard on the property generates a flat annual rent of $5,400 and expires on 7/19/30. This property is zoned C-2 and is ideal for a young practice to grow, utilizing half the building initially and expanding to the other half in the future.