Medical Office Space with Treatment
For Sale
$6,500,000
11543-11545 Olympic Blvd. / 2146 S Colby Ave., Los Angeles, CA 90064
First-floor medical office with treatment rooms, restrooms, kitchenette, frontage, and on-site parking.
Property Size7,685 SF
Price / SF$845.80
Days on Market89
Property Features for 11543-11545 Olympic Blvd. / 2146 S Colby Ave.
General Information
Standard status
Active
Size
7,685 SF
Total Parking Spaces
19
Property subtype
Retail
Additional Details
Floor
First floor
Highway Access
Yes
Amenities
kitchenette
Building Details
Building Size
7,685 SF
Year Built
1956
Listing Agency:
(310) 801-0631
Listed By:
Sam Kangavari · License #CalDRE #01846336
Source:
Www2.naicapital
Added: Jun 2
Changed: Aug 29
Last Checked: Aug 29 at 1:42PM
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 Sam Kangavari
Investment Insights
Based on property information with market context.
The first-floor medical office comprises approximately 7,685 square feet with 16 treatment rooms, two restrooms, and a kitchenette. The existing configuration provides a dedicated clinical layout, with frontage along the property’s street-facing elevations. Built in 1956, the property offers 19 private parking spaces on-site.
Positioned at a signalized corner at 11543-11545 Olympic Blvd. and 2146 S. Colby Ave. in Los Angeles, the property is within close proximity to the 10 and 405 Freeways. Its corner position and frontage place the office along a high-traffic corridor.
Positioned at a signalized corner at 11543-11545 Olympic Blvd. and 2146 S. Colby Ave. in Los Angeles, the property is within close proximity to the 10 and 405 Freeways. Its corner position and frontage place the office along a high-traffic corridor.
Key Highlights
- Approximately ±7,685 SF on the first floor
- 16 treatment rooms, 2 restrooms, and a kitchenette
- 19 private parking spaces on‑site
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$182,413
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.81%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
NOI $182,413 @ 7.0% cap · market cap 2.81%
Second Best
Healthcare Medical
$2.04M
$1.78M – $2.38M
NOI $142,535 @ 7.0% cap · market cap 2.19%
Theoretical Best
Multifamily LT 5
$155.69M
$136.23M – $181.64M
NOI $10,898,544 @ 7.0% cap · market cap 167.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway 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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - First-floor medical office with treatment rooms, restrooms, kitchenette, frontage, and on-site parking.
Where is this medical office space located?
The property is located at 11543-11545 Olympic Blvd. / 2146 S Colby Ave. 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: Approximately ±7,685 SF on the first floor; 16 treatment rooms, 2 restrooms, and a kitchenette; 19 private parking spaces on‑site
