Mixed-Use Property with Medical
For Sale
Contact for pricing
24100 Calabasas Rd, Calabasas, CA 91302
Combines medical space with residential apartments in a multi-use building.
Property Size18,197 SF
Price / SF$390.17
Days on Market149
Property Features for 24100 Calabasas Rd
General Information
Standard status
Active
Size
18,197 SF
Total Parking Spaces
36
Property subtype
Multifamily, Office
Investment Type
Value Add
Building Details
Buildings
2
Units
8
Listing Agency:
Commercial Real Estate Investments
(310) 826-8200
Listed By:
Karl Niehaus · License #CA 01450751
Source:
Crexi
Added: Apr 4
Changed: Aug 30
Last Checked: Aug 30 at 4:24AM
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 Commercial Real Estate Investments
Investment Insights
Based on property information with market context.
This 18,197-square-foot mixed-use property combines medical space with eight apartments. Four residences are positioned directly above the medical component, with 11-foot ceilings and patios or balconies. The building offers an integrated residential and medical configuration within a single improved property.
Located at 24100 Calabasas Rd in Calabasas, the property is one block from The Commons of Calabasas and one-half block from the 101 freeway on/off ramp. This placement provides direct access to the surrounding area and connects the property with a nearby mixed-use destination.
Located at 24100 Calabasas Rd in Calabasas, the property is one block from The Commons of Calabasas and one-half block from the 101 freeway on/off ramp. This placement provides direct access to the surrounding area and connects the property with a nearby mixed-use destination.
Key Highlights
- 18,197‑square‑foot mixed‑use property with medical space and 8 apartments
- 4 apartments are located directly above the medical space
- Residential units feature 11‑foot‑high ceilings
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
$397,772
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
5.60%
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%
$7,955,440
$8.0M
Cap Rate 7%
$5,682,457
$5.7M
Cap Rate 9%
$4,419,689
$4.4M
Market Conditions
NOI Build-Up for 18,197 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
$698.8K $38.40/SF
− Vacancy
−$168.4K −$9.25/SF
EGI
$530.4K $29.15/SF
− OpEx
−$132.6K −$7.29/SF
NOI
$397.8K $21.86/SF
Area
Los Angeles County, CA
Vacancy
24.10%
Lease Rate
$38.40 /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%
$7,955,440
Cap Rate 7%
$5,682,457
Cap Rate 9%
$4,419,689
Alternative Uses
Best Use
Office B
$5.68M
$4.97M – $6.63M
NOI $397,772 @ 7.0% cap · market cap 5.60%
Second Best
Mixed Use
$5.26M
$4.61M – $6.14M
NOI $368,489 @ 7.0% cap · market cap 5.19%
Theoretical Best
Office A
$9.74M
$8.52M – $11.37M
NOI $681,982 @ 7.0% cap · market cap 9.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,772
Businesses Nearby
Explore this area
Business Placement
Demographics for 91302, CA
25,468
Population
10,235
Households
2.5
Avg Household Size
45
Median Age
71%
College-Educated
98%
High-School Grad
27.4 sq mi
ZIP Area
929
Density / Sq Mi
$167,470
Median Household Income
$91,426
Median Earnings
$3,011
Median Rent
$1,674,900
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Combines medical space with residential apartments in a multi-use building.
Where is this mixed-use property located?
The property is located at 24100 Calabasas Rd Calabasas, CA.
What is the asking price?
The asking price for this property is $7,100,000.
What are key features of this property?
This property features: 18,197‑square‑foot mixed‑use property with medical space and 8 apartments; 4 apartments are located directly above the medical space; Residential units feature 11‑foot‑high ceilings
