Lincoln Medical Building For
For Sale
$30,830,000
3331 N Broadway Los, Los Angeles, CA 90031
Medical building 100% leased, anchored by County of Los Angeles.
Property Size51,722 SF
Price / SF$596.07
Days on Market264
Property Features for 3331 N Broadway Los
General Information
Standard status
Active
Size
51,722 SF
Property subtype
Office
Listed By:
Kevin Shannon · License #CA RE Lic. #00836549
(310) 387-3131
Source:
Nmrk
Added: Jan 27
Changed: Oct 16
Last Checked: Oct 16 at 7:22AM
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 Kevin Shannon
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Investment Insights
Based on property information with market context.
The Lincoln Medical Building, located at 3303-3331 Broadway, Los Angeles, is available for acquisition. This 51,722 square foot property was designed and constructed for the Los Angeles County Department of Mental Health (LACDMH). The property is 100% leased to three tenants and is anchored by the County of Los Angeles Department of Mental Health, which occupies approximately 84% of the property.
Key Highlights
- 84% leased to investment‑grade County of Los Angeles Department of Mental Health.
- Assumable loan of $19,000,000 at 3.90% interest only with maturity date of 2/6/2030.
- 100% leased to three tenants.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,227,686
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$24,553,720
$24.6M
Cap Rate 7%
$17,538,371
$17.5M
Cap Rate 9%
$13,640,956
$13.6M
Market Conditions
NOI Build-Up for 51,722 SF
Gross rent
$2.01M $38.88/SF
− Vacancy
−$374.0K −$7.23/SF
EGI
$1.64M $31.65/SF
− OpEx
−$409.2K −$7.91/SF
NOI
$1.23M $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%
$24,553,720
Cap Rate 7%
$17,538,371
Cap Rate 9%
$13,640,956
Alternative Uses
Best Use
Office B
$17.54M
$15.35M – $20.46M
NOI $1,227,686 @ 7.0% cap · market cap 3.98%
Second Best
Healthcare Medical
$13.70M
$11.99M – $15.99M
NOI $959,298 @ 7.0% cap · market cap 3.11%
Theoretical Best
Multifamily LT 5
$1,047.86M
$916.87M – $1,222.50M
NOI $73,349,967 @ 7.0% cap · market cap 237.92%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,831
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90031, CA
37,333
Population
12,686
Households
2.9
Avg Household Size
37
Median Age
24%
College-Educated
66%
High-School Grad
3.5 sq mi
ZIP Area
10,667
Density / Sq Mi
$62,119
Median Household Income
$34,356
Median Earnings
$1,487
Median Rent
$758,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical building 100% leased, anchored by County of Los Angeles.
Where is this medical office space located?
The property is located at 3331 N Broadway Los Los Angeles, CA.
What is the asking price?
The asking price for this property is $30,830,000.
What are key features of this property?
This property features: 84% leased to investment‑grade County of Los Angeles Department of Mental Health.; Assumable loan of $19,000,000 at 3.90% interest only with maturity date of 2/6/2030.; 100% leased to three tenants.
