Elevator-Served Medical Office
For Sale
$7,200,000
1072-1080 Gayley Avenue, Los Angeles, CA 90024
Elevator-served space positioned in a core medical area with ground-floor retail units.
Property Size11,200 SF
Days on Market86
Property Features for 1072-1080 Gayley Avenue
General Information
Standard status
Active
Size
11,200 SF
Class
B
Elevators
Yes
Property subtype
Office - Medical Office
Site & Location
Neighborhood
Westwood
Public Transit
Yes
Amenities
elevator
Building Details
Building Size
11,200 SF
Listing Agency:
Method Commercial
Listed By:
Martin McDermott · License #01369084
(323) 452-6762
Source:
Commercialcafe
Added: Jul 30
Changed: Oct 15
Last Checked: Oct 23 at 4:03AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Method Commercial
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This medical office property at 1072–1080 Gayley Avenue in Los Angeles includes elevator-served office space in a core medical area. The property also features right-sized ground-floor retail units, creating a combination of medical office and street-level commercial space.
The surrounding area is identified as a hub for shopping, dining, entertainment, and medical and wellness services. Nearby destination and infrastructure investments include a Business Improvement District (BID), Broxton Plaza, a Farmer’s Market, the Regency Village Theatre renovation, a proposed Entertainment Zone, UCLA investment, and new Metro Station infrastructure. The property is also positioned within a trade area described as serving affluent residential communities and diverse UCLA populations.
The surrounding area is identified as a hub for shopping, dining, entertainment, and medical and wellness services. Nearby destination and infrastructure investments include a Business Improvement District (BID), Broxton Plaza, a Farmer’s Market, the Regency Village Theatre renovation, a proposed Entertainment Zone, UCLA investment, and new Metro Station infrastructure. The property is also positioned within a trade area described as serving affluent residential communities and diverse UCLA populations.
Key Highlights
- Elevator‑served medical office space in a core medical area
- Right‑sized ground‑floor retail units
- Located at 1072–1080 Gayley Avenue, Los Angeles, CA 90024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$265,846
Cap Rate
3.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,316,920
$5.3M
Cap Rate 7%
$3,797,800
$3.8M
Cap Rate 9%
$2,953,844
$3.0M
Market Conditions
NOI Build-Up for 11,200 SF
Gross rent
$435.5K $38.88/SF
− Vacancy
−$81.0K −$7.23/SF
EGI
$354.5K $31.65/SF
− OpEx
−$88.6K −$7.91/SF
NOI
$265.8K $23.74/SF
Area
Los Angeles, CA
Vacancy
18.60%
Lease Rate
$38.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,316,920
Cap Rate 7%
$3,797,800
Cap Rate 9%
$2,953,844
Alternative Uses
Best Use
Office B
$3.80M
$3.32M – $4.43M
NOI $265,846 @ 7.0% cap · market cap 3.69%
Second Best
Retail
$3.71M
$3.25M – $4.33M
NOI $259,920 @ 7.0% cap · market cap 3.61%
Theoretical Best
Multifamily LT 5
$226.91M
$198.54M – $264.72M
NOI $15,883,369 @ 7.0% cap · market cap 220.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
9,571
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90024, CA
52,862
Population
20,304
Households
2.6
Avg Household Size
27
Median Age
74%
College-Educated
96%
High-School Grad
3.0 sq mi
ZIP Area
17,621
Density / Sq Mi
$79,994
Median Household Income
$16,453
Median Earnings
$2,666
Median Rent
$1,434,000
Median Home Value
Market
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- Value Vet Inc. — 1278 Westwood Blvd, Los Angeles, CA 90024
- Dr. Jeff Werber — 1278 Westwood Blvd, Los Angeles, CA 90024
- Integrative Animal Health — 907 Westwood Blvd, Los Angeles, CA 90024
Frequently Asked Questions
What type of property is this?
Medical Office Space - Elevator-served space positioned in a core medical area with ground-floor retail units.
Where is this medical office space located?
The property is located at 1072-1080 Gayley Avenue Los Angeles, CA.
What is the asking price?
The asking price for this property is $7,200,000.
What are key features of this property?
This property features: Elevator‑served medical office space in a core medical area; Right‑sized ground‑floor retail units; Located at 1072–1080 Gayley Avenue, Los Angeles, CA 90024
