Building Details

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Listing Agency: NAI Capital

Listed By: Sam Kangavari · License #CA 01846336 Show Phone

Source: Crexi

Added: May 4 Changed: Oct 5 Last Checked: Oct 14 at 10:47PM

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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 NAI Capital

Investment Insights

Based on property information with market context.

This standalone medical office building in West Los Angeles provides a two-level configuration with dedicated clinical and support areas. The first floor contains approximately 7,685 SF with 16 treatment rooms, two restrooms, a kitchenette, and frontage. The second floor offers approximately 3,280 SF, a restroom, and three access stairways.

The property occupies the corner of Olympic Boulevard and Colby Avenue at 11543-11545 Olympic Blvd. and 2146 S. Colby Ave. A private parking lot serves the building, while the corner setting provides frontage and signage visibility along Olympic Boulevard.

Key Highlights

• ±7,685 SF first floor with 16 treatment rooms
• ±3,280 SF second floor with restroom and 3 access stairways
• Private parking lot serving the standalone medical building

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$182,413

Cap Rate

2.81%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,648,260 $3.6M

Cap Rate 7%

$2,605,900 $2.6M

Cap Rate 9%

$2,026,811 $2.0M

Market Conditions

NOI Build-Up for 7,685 SF

Gross rent

$298.8K $38.88/SF

− Vacancy

−$55.6K −$7.23/SF

EGI

$243.2K $31.65/SF

− OpEx

−$60.8K −$7.91/SF

NOI

$182.4K $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%

$3,648,260

Cap Rate 7%

$2,605,900

Cap Rate 9%

$2,026,811

Alternative Uses

Best Use

Office B

$2.61M

$2.28M – $3.04M (±1% cap)

NOI $182,413 @ 7.0% cap · market cap 2.81%

Second Best

Healthcare Medical

$2.04M

$1.78M – $2.38M (±1% cap)

NOI $142,535 @ 7.0% cap · market cap 2.19%

Theoretical Best

Multifamily LT 5

$155.69M

$136.23M – $181.64M (±1% cap)

NOI $10,898,544 @ 7.0% cap · market cap 167.67%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Barber Shop (Bike/Boat/Book/etc) Store Clothing & Fashion Store Tanning Salon Butcher Mobile Phone Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

5,281

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 90064, CA

27,553

Population

12,897

Households

2.1

Avg Household Size

40

Median Age

71%

College-Educated

95%

High-School Grad

3.7 sq mi

ZIP Area

7,447

Density / Sq Mi

$129,703

Median Household Income

$84,766

Median Earnings

$2,710

Median Rent

$1,746,800

Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this medical office space located? What is the asking price? Find similar properties What are key features of this property?

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Similar Off Market Nearby

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Frequently Asked Questions

What type of property is this?

Medical Office Space - Two-story standalone medical facility with treatment rooms, private parking, and a corner position on Olympic Boulevard.

Where is this medical office space located?

The property is located at 11543-11545 Olympic Blvd. Los Angeles, CA.

What is the asking price?

The asking price for this property is $6,500,000.

What are key features of this property?

This property features: ±7,685 SF first floor with 16 treatment rooms; ±3,280 SF second floor with restroom and 3 access stairways; Private parking lot serving the standalone medical building