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    Medical Office Space in Hollywood Title is generated by Realmo AI

    5300 Santa Monica Blvd, Los Angeles, CA 90029

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    Prime medical office in East Hollywood with high walkability.

    Type:Office, Industrial
    Added:
    Mar 6, 2022
    Days on Market:
    1553
    Last Refresh:
    May 12 at 9:07 pm

    Property Features for 5300 Santa Monica Blvd

    General Information

    Standard status
    Active
    Property subtype
    Office, Industrial

    Building Details

    Year Built
    1963

    Spaces For Lease

    at 5300 Santa Monica Blvd Contact us

    Suite 402 - 4th Floor $3/Mo

    Size
    1,320 SF
    Type
    Office
    Turn-key medical office.nAsking Rate: $3.00 FSGnAvailability: Immediately
    Contact us

    Suit 117 - 1st Floor $3/Mo

    Size
    660 SF
    Type
    Office
    Storage facility with direct access to 4 loading bays.nAsking Rate: $3.00 FSGnAvailability:...
    show more
    Contact us

    Suit 209 - 2nd Floor $3/Mo

    Size
    772 SF
    Type
    Office
    Previous use was for a home health care office.nAsking Rate: $3.00 FSGnAvailability:...
    show more
    Contact us

    Suite 200 - 2nd Floor $3/Mo

    Size
    1,050 SF
    Type
    Office
    Asking Rate: $3.00 FSGnAvailability: ImmediatelynContig. space: No
    Contact us

    Suite 202 - 2nd Floor $3/Mo

    Size
    1,242 SF
    Type
    Office
    Asking Rate: $3.00 FSGnTurn-key medical spacenAvailability: ImmediatelynContig. space:...
    show more
    Contact us

    Suite 306 - 3rd Floor $3/Mo

    Size
    570 SF
    Type
    Office
    Asking Rate: $3.00 FSGnAvailability: Immediately
    Contact us

    Suite: 102 - 1st Floor $3/Mo

    Size
    3,200 SF
    Type
    Office
    Ground level storage warehouse space with 2 interior offices, roll up door and 4...
    show more
    Contact us

    Suite 204 - 2nd Floor $3/Mo

    Size
    422 SF
    Type
    Office
    Asking Rate: $3.00 FSGnAvailability: ImmediatelynContig. space: No
    Contact us

    Suite 208 - 2nd Floor $3/Mo

    Size
    260 SF
    Type
    Office
    Asking Rate: $3.00 FSGnAvailability: Immediately
    Contact us

    Suite 301 - 3rd Floor $3/Mo

    Size
    634 SF
    Type
    Office
    Asking Rate: $3.00 FSGnAvailability: Immediately
    Contact us

    Suite 412 - 4th Floor $3/Mo

    Size
    665 SF
    Type
    Office
    Asking Rate: $3.00 FSGnAvailability: Immediately
    Contact us
    Show more

    We can help!

    Listing Contact
    Seve Woods
    Seve Woods

    Listing agent Seve Woods License #CA 02005291

    Listing office Camacho Commercial Real Estate Services

    Listing date Mar 6, 2022

    Source Crexi

    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 Camacho Commercial Real Estate Services

    HighLights

    • Prime medical office location in the high‑density East Hollywood submarket.
    • High walk score of 93 out of 100.
    • Large population of over 78,000 residents within one mile.
    • Proximity to a planned 600,000 sq ft studio campus development.
    • Located near the former SEARS site at 5601 Santa Monica Boulevard.
    • Built in 1963.

    Overview

    This medical office property is situated in the East Hollywood submarket, near Hollywood, Los Feliz, Silver Lake, and Koreatown. The location benefits from a dense population, with over 78,000 residents within a one-mile radius. The property has a walk score of 93 out of 100, indicating high walkability. It is located a quarter of a mile east of the former SEARS site at 5601 Santa Monica Boulevard, where BARDAS Investment Group and Bain Capital are planning a studio campus development. The planned development will include 600,000 square feet of sound and flex stages, private bungalow space, and creative office space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Me Time Skincare ... Medical Clinic Dr. Vivian C. ... Dental Office KMG Psychiatry Physician Devela Armaine S ... Dental Office Altamirano Joseph R ... Physician

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Petco Vaccination Clinic — 5507 Hollywood Blvd STE A, Los Angeles, CA 90028
    • Small Animal Imaging Center — 4661 Sunset Blvd, Los Angeles, CA 90027
    • KwikVet, Inc — 4996 melrose ave, un. 4226, los angeles, ca 90029

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.30528
    Latitude
    34.09065

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    FAQs

    What type of property is this?
    Medical Office Space - Prime medical office in East Hollywood with high walkability.
    Where is this medical office space located?
    The property is located at 5300 Santa Monica Blvd Los Angeles, CA.
    What is the lease rate?
    The lease rate is $36 SF/Yr.
    What are key features of this property?
    This property features: Prime medical office location in the high‑density East Hollywood submarket.; High walk score of 93 out of 100.; Large population of over 78,000 residents within one mile.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Seve Woods
    Seve Woods
    Real Estate License ID: CA 02005291
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

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

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