Property profile

3831 Hughes Ave Culver City, CA 90232

FOR LEASE
Office buildings
Property ID
US09-6524769
53,753 SF 0.72 ac lot Built 1981
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 7-story medical office building, totaling 56,587 square feet, presents a unique investment opportunity in the thriving Culver City submarket of West Los Angeles. Constructed in 1981, the building boasts a prime location in Los Angeles County, specifically at 3831 Hughes Ave, Culver City, CA 90232. Its convenient location offers easy access for patients and staff. The building features multiple tenancies, with four spaces currently available, ranging in size from 643 square feet to 1,746 square feet, providing flexibility for various medical practices. The building's strategic placement adjacent to Southern California Hospital further enhances its appeal and potential for success. This property is situated within the West Los Angeles submarket cluster of Culver City, offering excellent visibility and accessibility. The building's substantial size and established presence make it an ideal investment for those seeking a strong foothold in the lucrative Los Angeles medical office market. Interested parties are encouraged to inquire about the available spaces and explore the potential of this exceptional property.

Property profile

Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING (MULTI-STORY)
Year built 1981
Construction CONCRETE
Total area 53,753 SF
Lot 0.72 ac (31,557 SF)
Zoning code LACR
APN 4207-004-024
UPID US09-6524769

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
  • Medical Clinic
  • Building Supply General Contractor
  • Medical Clinic
  • Medical Clinic
  • Dental Office

Location

3831 Hughes Ave Culver City, CA 90232
Culver City metro Census 269905 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$12.30M

Owner & transaction history

since 2018
7 recorded transactions
2018
Price N/A
2016
Price N/A
2016
Price N/A
2016
$18.6M
2015
Price N/A
2013
$10.3M
2007
$2.3M

Zoning & alternative use

LACR · Culver City, CA

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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