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    Monica Plz Los Angeles, CA 90001

    Sponsored
    For Lease
    $30 SF/Yr

    Prime Los Angeles Medical Office Space Available

    Lot size:
    10,061 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Monica Plaza, a two-story medical office building in Los Angeles, CA (90001), offers exceptional opportunities for medical professionals and businesses. Located at the northwest corner of Santa Monica Boulevard and Normandie Avenue, this property boasts over 51,000 cars passing daily, ensuring high visibility and accessibility. The building, constructed in 1981, totals 10,061 square feet and currently has 2,901 square feet of vacant space available. Multiple tenancy options exist, with spaces ranging from a minimum of 600 square feet to a maximum contiguous space of 1,201 square feet. The property's location within Los Angeles County places it in the heart of East Hollywood, an area experiencing significant revitalization with new developments and the presence of major national retailers such as Target, Chick-fil-A, and Home Depot nearby. This prime location offers excellent exposure and convenient access for patients and clients. The building is classified as both retail and office space, with a subtype specifically designated as medical office and storefront. This versatile space is ideal for a variety of medical practices or retail businesses seeking a high-traffic location in a thriving area. The building's strategic placement ensures strong foot traffic and visibility, making it an attractive option for businesses seeking to establish or expand their presence in the Los Angeles market.

    Property Features for 0 Monica Plz

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,061 SF
    Total Rate
    25152.5

    Building Details

    Year Built
    1981
    Stories
    2

    Unit(s) available at that property

    Space
    Unit 15
    Size
    1,100 SF
    Rate per SF
    $30
    Space
    Unit 9
    Size
    600 SF
    Rate per SF
    $33
    Space
    Unit 4
    Size
    1,201 SF

    HighLights

    • High‑visibility location on Normandie Avenue, a major thoroughfare connecting Los Feliz and Koreatown.
    • Ample surface parking available on‑site.
    • Excellent freeway access, two blocks from the Hollywood 101 Freeway.
    • Building signage opportunities available for tenant branding.
    • Strong demographics: over 520,000 people within a three‑mile radius.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Map

    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.2468148
    Latitude
    33.9697897

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    FAQs

    What type of property is this?
    Individual retail property - Prime Los Angeles Medical Office Space Available
    Where is this individual retail property located?
    The property is located at Monica Plz Los Angeles, CA.
    What is the lease rate?
    The lease rate is $0.00-$33 SF/Yr.
    What are key features of this property?
    This property features: High-visibility location on Normandie Avenue, a major thoroughfare connecting Los Feliz and Koreatown.; Ample surface parking available on-site.; Excellent freeway access, two blocks from the Hollywood 101 Freeway.
    Request Owner's contact information
    Monica Plz Los Angeles, CA 90001
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    Los Angeles, CA 90001
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Monica Plz Los Angeles, CA 90001
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