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955 Carrillo Dr Los Angeles, CA 90048

Sponsored
For Sale
$14,500,000

Prime Miracle Mile location, 22,568 SF, 100% occupied.

Property size:
22,568 SF

Description

Added:
Dec 11, 2024
Days on Market:
391
This exceptional four-story, 22,568-square-foot medical office building is situated on a 12,763-square-foot lot in the highly sought-after Miracle Mile neighborhood of West Hollywood, California. Built in 1990, the property boasts a stunning Mediterranean Garden style architecture, featuring multiple courtyards, private terraces, and lush landscaping, creating a tranquil oasis in a bustling commercial district. The building offers a 4:1,000 square foot parking ratio and is currently 100% occupied by a diverse range of medical and office tenants, including physical therapy centers, a vision center, entertainment industry offices, and holistic health services. The property generates a substantial net operating income (NOI) of $648,854, with an asking price of $14,500,000, resulting in a price per square foot of $642. Located at 955 Carrillo Drive, zip code 90048, the building benefits from its proximity to major thoroughfares, offering high visibility and accessibility. The property's LAC2 zoning and current Certificate of Occupancy allow for a variety of office, retail, and medical uses. This presents a unique owner-user opportunity with approximately 15,875 square feet potentially available. The building's prime location within the Carthay Circle Garden Plaza provides easy access to numerous dining, shopping, and entertainment options, including the Beverly Center and The Grove, and is conveniently located near Cedars Sinai Hospital. With a Walk Score of 91, this property offers unparalleled convenience and accessibility. The high average daily traffic volume of 21,509 vehicles on Carrillo Drive further enhances its desirability.

Property Features for 955 Carrillo Dr

General Information

Property type
Medical offices
Square Feet
22,568 SF

Building Details

Year Built
1990
Stories
4

HighLights

  • Highly desirable boutique medical office building in West Hollywood's Miracle Mile.
  • Built in 1990.
  • Mediterranean Garden‑style architecture with courtyards and terraces.
  • Tenants include medical and office users.
  • Numerous walkable amenities near The Grove and Beverly Center.
  • Walk Score of 91.
Property Profile Location Intelligence

Current Use by Public Records

Carthay Circle Garden ... Business Center Alyssa Pedroza Optometrist Industry Entertainment Entertainment Agency Feder Lauren MD Doctor California Hand Therapy Occupational Therapist

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Daycare Center

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

Location Insight

  • Map
  • Local Demand
City
Los Angeles
County
Los Angeles
State
California
Longitude
-118.3683193
Latitude
34.0599078

FAQs

What type of property is this?
Medical office - Prime Miracle Mile location, 22,568 SF, 100% occupied.
Where is this medical office located?
The property is located at 955 Carrillo Dr Los Angeles, CA.
What is the asking price?
The asking price for this property is $14,500,000.
What are key features of this property?
This property features: Highly desirable boutique medical office building in West Hollywood's Miracle Mile.; Built in 1990.; Mediterranean Garden-style architecture with courtyards and terraces.
More about this property
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