5421 Topanga Cyn Blvd Los Angeles, CA 91367

Property Details for 5421 Topanga Cyn Blvd

Year built

1960

Property size

3,213 SF

Property type

Office Properties & Spaces

Property subtype

Medical offices

Description

This exceptional investment opportunity presents a 3,213 square foot medical office building in the highly desirable Woodland Hills, CA market. Located at 5421 Topanga Canyon Blvd, this single-story building, constructed in 1960 and renovated in 2005, sits on a 5,899 square foot lot and boasts a 100% occupancy rate with two tenants: VetCor, a leading veterinary hospital operator with 888+ locations nationwide, and OUTFRONT Media, a major billboard company. The property benefits from a Net Lease (NNN) structure with a current Net Operating Income (NOI) of $163,114, representing a 5.85% cap rate and a price per square foot of $868.14. The asking price is $2,789,330, with a land value of $472.85 per square foot. The lease with VetCor includes a corporate guaranty and features 2% annual rent bumps, providing a hedge against inflation. Additionally, the OUTFRONT Media billboard lease has approximately 14 years remaining. The property is strategically positioned near Ventura Boulevard, a major commercial artery, and surrounded by numerous national retailers and affluent residential areas. Its proximity to the planned Warner Center development further enhances its long-term value. The lease includes options for renewal, with 2 and 5-year options available. This property offers a stable, passive income stream with significant upside potential in a thriving market. The permitted zoning is C4-1VLD. The property's location within Woodland Hills provides access to a high-density affluent demographic, with over 80,537 residents within a 2-mile radius and 353,568 within a 5-mile radius, boasting an average household income exceeding $126,055.

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Longitude

-118.606

Latitude

34.169