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Property profile & analytics
OFF-MARKET Estimated value $2,695,000
Medical Office Space

240 La Cienega Blvd Beverly Hills, CA 90211-3324

17,860 SF 0.38 ac lot Built 1955
Individually Owned 22-yr Hold ~ Est. High Equity
Property ID
US09-7642538
Property summary
AI-generated overview

This exceptional 1,805 square foot medical office space is available for lease in a prime Beverly Hills location at 240 S La Cienega Blvd, just off Wilshire Boulevard. The property is situated in an upscale neighborhood with excellent visibility and accessibility. The building itself offers convenient amenities including valet parking and elevator access to all floors. This multi-tenant building boasts a diverse mix of businesses, including a pharmacy, Starbucks, Subway, Pure Barre, and other service-oriented businesses catering to the local community. The proximity to the Saban Theatre, a new metro station, Hot 8 Yoga, Cedars Sinai, and Olympia Medical further enhances the location's desirability. Two contiguous spaces are available, ranging from 794 to 1,011 square feet, offering flexibility for various medical practices. The space features tenant-controlled central air conditioning, ensuring a comfortable and efficient work environment. This is a rare opportunity to secure high-quality medical office space in one of Beverly Hills' most sought-after locations. The entire 1,805 square feet is currently vacant and ready for immediate occupancy. Los Angeles County location.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1955
Construction TILT-UP CONCRETE
Total area 17,860 SF
Lot 0.38 ac (16,499 SF)
Zoning code BHC305
APN 4333-028-016
UPID US09-7642538
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Dr. David Farivar, DMD Dental Office
  • Kurosh Reihani DDS (General, Implant, and Cosmetic Dentistry) Dental Office
  • Dr. Jaime S. Schwartz MD FACS Physician Medical Clinic
  • Total Lipedema Care Physician Medical Clinic
  • 240 S. La Cienega Medical Building - Beverly Hills Medical Associates Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.70M
Owner & transaction history
Beverly Hills Medical Assoc · 22 yrs held
Beverly Hills Medical Assoc
since 2003
3 recorded transactions
2003
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
BHC305 · Beverly Hills, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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