5348 Topanga Cyn Blvd Los Angeles, CA 91364
- Office buildings
- 17,058 SF
- 0.41 lot acres
Current Use by Public Records
- Office buildings
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.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $5,325,000
- ML approach
- $5,085,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $6,630,000
- 6.5%
- $6,120,000
- 7%
- $5,680,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $5,622,000
- AI Estimate
- $3,020,000
Market price range: $4.05M - $8.09MMarket price range: $721k - $4.95M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $5,495,000 Current use
- AUTO REPAIR, GARAGE
- $7,890,000 Change: +44% Conversion: Difficult
- MEDICAL BUILDING
- $7,755,000 Change: +41% Conversion: Easy
- RETAIL STORES
- $7,480,000 Change: +36% Conversion: Moderate
- INDUSTRIAL (GENERAL)
- $5,145,000 Change: -6% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $5,050,000 Change: -8% Conversion: Easy
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Location Insight
- Map
- Local Demand
- 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
