11543-11545 Olympic Blvd Los Angeles, CA 90064

Property Details for 11543-11545 Olympic Blvd

Property size

660 SF

Property type

Office Properties & Spaces

Property subtype

Medical offices

Description

This exceptional investment opportunity presents a rare, freestanding medical office building ideally situated on a hard corner at Olympic Boulevard and Colby Avenue in West Los Angeles. The property boasts excellent signage visibility due to its prominent location and high traffic counts. The building comprises two floors, each approximately 3,280 square feet, totaling approximately 6,560 square feet. The first floor offers 16 treatment rooms, two restrooms, and a kitchenette, providing ample space for a variety of medical practices. The second floor includes a restroom and three convenient access stairways. The property includes a private parking lot with 19 spaces, a significant advantage in this high-demand area. The building benefits from its proximity to the 10 and 405 freeways, ensuring easy accessibility for patients and staff. A billboard lease is in place, generating additional income. The current lease terms are $4,200 per month from September 1, 2023, to October 31, 2025, and $4,400 per month from September 1, 2025, to October 31, 2027. The property is zoned C2-1/(Q) C2-1/RS-1, and the lot size ranges from 5,300 to 7,772 square feet, with the building's total square footage ranging from 660 to 7,025 square feet. The APN numbers are 4260005017 and 4260005014. This is a unique opportunity to acquire a well-located, income-producing medical office building in a highly desirable West Los Angeles market.