Medical Office Building For
For Sale
$1,849,000
12849 Magnolia, Los Angeles, CA 91607
2,700 SF medical office building in Valley Village.
Property Size2,700 SF
Lot Size0.14 Acres
Price / SF$684.81
Days on Market186
Property Features for 12849 Magnolia
General Information
Standard status
Active
Size
2,700 SF
Lot size
0.14 Acres
Property subtype
Commercial
Site & Location
Neighborhood
University Park
Building Details
Building Size
2,700 SF
Year Built
1969
Listing Agency:
Hatkoff Investments
Listed By:
Brian Hatkoff · License #00644374
(818) 701-7789
Source:
Elliman
Added: Apr 24
Changed: Oct 25
Last Checked: Oct 24 at 4:16PM
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
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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.**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,088
Cap Rate
3.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,281,760
$1.3M
Cap Rate 7%
$915,543
$915.5K
Cap Rate 9%
$712,089
$712.1K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$105.0K $38.88/SF
− Vacancy
−$19.5K −$7.23/SF
EGI
$85.5K $31.65/SF
− OpEx
−$21.4K −$7.91/SF
NOI
$64.1K $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%
$1,281,760
Cap Rate 7%
$915,543
Cap Rate 9%
$712,089
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 authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,378
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 91607, CA
30,502
Population
14,597
Households
2.1
Avg Household Size
38
Median Age
52%
College-Educated
94%
High-School Grad
2.5 sq mi
ZIP Area
12,201
Density / Sq Mi
$84,925
Median Household Income
$50,970
Median Earnings
$1,998
Median Rent
$1,019,300
Median Home Value
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
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.**
