5348 Topanga Cyn Blvd Los Angeles, CA 91364

Property Details for 5348 Topanga Cyn Blvd

Year built

1989

Construction

WOOD

Lot size

0.41 lot acres

Property size

17,058 SF

Zone code

LAC2

Property type

Office buildings

APN

2169-003-051

APU

2169003051

Description

This exceptional 17,032-square-foot medical office building presents a rare owner-user opportunity with income potential. Located in the thriving Woodland Hills neighborhood of Los Angeles, this Class B property boasts a desirable location near the 101 Freeway and Warner Center, offering convenient access to major transportation routes and a vibrant commercial hub. The two-story building, constructed in 1989, features a well-maintained facade, an interior atrium, and controlled access. It houses eight tenants, including six medical practices, one general office, and one retail tenant, with an occupancy rate of 72%. The building offers up to 4,691 square feet of contiguous space potentially available. Leases include annual rent increases, and the property includes 62 parking spaces in a subterranean and surface lot. The 0.41-acre lot is zoned LAC2. The strong pro-forma NOI of $339,823 makes this a compelling investment. The property's proximity to Ventura Boulevard provides easy access to numerous restaurants and cafes. The Warner Center 2035 Specific Plan, aiming to significantly expand the area's housing and commercial space, further enhances the property's long-term value. This is a unique opportunity to acquire a fee simple interest in a well-positioned, income-producing medical office building in a rapidly growing area of Los Angeles. The building's desirable features and strategic location make it an attractive investment for both owner-users and investors seeking a stable, high-performing asset.

Location Insight

City

Woodland Hills

County

Los Angeles

State

California

Longitude

-118.605

Latitude

34.1673

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments