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Property profile

1617 Michigan Ave Los Angeles, CA 90033

OFF-MARKET
Hospitals
Property ID
US09-7908483
View Sample
13,754 SF 1.27 ac lot Built 1992
Entity Owned 62-yr Hold Free & Clear

Property profile

Verified
Property type Hospitals
Use group HOSPITAL - PRIVATE
Year built 1992
Total area 13,754 SF
Lot 1.27 ac (55,137 SF)
Zoning code LAR5
APN 5174-009-040
UPID US09-7908483

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Factory Production Facility

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$5.37M

Owner & transaction history

since 1964
1 recorded transaction
1964
Price N/A

Zoning & alternative use

LAR5 · Los Angeles, CA
Top alternative use upside
Auto repair, garage $7.5M +19.3%
Office building $6.9M +10.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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