Medical Office Building For
12849 Magnolia Los Angeles, CA 91607
12849 Magnolia, Los Angeles, CA, 91607
$1,849,000
For Sale
$1,849,000
2,700 SF medical office building in Valley Village.
Property Size2,700 SF
Lot Size0.14 Acres
Price / SF$684.81
Days on Market90
Property Features for 12849 Magnolia
General Information
- Standard status
- Active
- Size
- 2,700 SF
- Lot size
- 0.14 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1969
Listing agency
Hatkoff Investments
(818) 701-7789
Listed by
Brian Hatkoff · License #00644374
(818) 701-7789
Source
Elliman
Added: Apr 24 Updated: Jul 10 at 1:19PM Checked: Jul 21 at 9:08AM
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 Hatkoff Investments
Investment Insights
Based on property information with market context.
This 2,700 square foot medical office building is available for sale. The property features a 2-year-old roof with a 10-year warranty and a common reception room with separate doors to each medical suite. The building includes a basement suitable for storage and an extra bathroom. The lot size is 6,286 square feet. One tenant, a dentist, occupies approximately 1300 square feet with a lease expiring on January 31, 2027, and a 5-year option with annual 3% increases. The current rent is $3874.70, and the tenant has the first right of refusal (10 days) and reimburses 75% of the electric bill. The west side of the building, also approximately 1300 square feet, is vacant medical space with 5 exam rooms, with market rent estimated at approximately $3,900 per month. 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 $5,400 per year with the agreement expiring on July 19, 2030. The location has a bike score of 77, indicating it is very bikeable, a walk score of 80, indicating it is very walkable, and a transit score of 34, indicating some transit options are available.
Key Highlights
- Medical office building ideal for owner‑user, offering future potential to occupy the entire building.
- Existing dental tenant provides immediate income with a lease expiring 1/31/27, including a 5‑year option.
- Vacant medical space featuring 5 exam rooms, ready for immediate occupancy or lease.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $105.0k | $38.88 |
| − Vacancy | −$19.5k | −$7.23 |
| EGI | $85.5k | $31.65 |
| − OpEx | −$21.4k | −$7.91 |
| NOI | $64.1k | $23.74 |
2,700 SF · lease $38.88/SF/yr · vacancy 18.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$915.5K
$801.1K – $1.07M
NOI $64,088 @ 7.0% cap · market cap 3.47%
Second Best
Healthcare Medical
$715.4K
$626.0K – $834.6K
NOI $50,077 @ 7.0% cap · market cap 2.71%
Theoretical Best
Multifamily LT 5
$54.70M
$47.86M – $63.82M
NOI $3,829,027 @ 7.0% cap · market cap 207.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar For Sale Nearby
Similar Off Market Nearby
- Marks Allan DVM — 1692 W Washington Blvd, Los Angeles, CA 90007
- Washington Dog and Cat Hospital — 1692 W Washington Blvd, Los Angeles, CA 90007
FAQs
What type of property is this?
Medical Office Space - 2,700 SF medical office building in Valley Village.
Where is this medical office space located?
The property is located at 12849 Magnolia Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,849,000.
What are key features of this property?
This property features: Medical office building ideal for owner‑user, offering future potential to occupy the entire building.; Existing dental tenant provides immediate income with a lease expiring 1/31/27, including a 5‑year option.; **Vacant medical space featuring 5 exam rooms, ready for immediate occupancy or lease.**
