955 Carrillo Dr Los Angeles, CA 90048

Property Details for 955 Carrillo Dr

Year built

1990

Construction

WOOD

Lot size

0.30 lot acres

Property size

19,485 SF

Zone code

LAC2

Property type

Office buildings

APN

5088-018-026

APU

5088018026

Description

This exceptional four-story, 22,568-square-foot medical office building is situated on a 12,763-square-foot lot in the highly sought-after Miracle Mile neighborhood of West Hollywood, California. Built in 1990, the property boasts a stunning Mediterranean Garden style architecture, featuring multiple courtyards, private terraces, and lush landscaping, creating a tranquil oasis in a bustling commercial district. The building offers a 4:1,000 square foot parking ratio and is currently 100% occupied by a diverse range of medical and office tenants, including physical therapy centers, a vision center, entertainment industry offices, and holistic health services. The property generates a substantial net operating income (NOI) of $648,854, with an asking price of $14,500,000, resulting in a price per square foot of $642. Located at 955 Carrillo Drive, zip code 90048, the building benefits from its proximity to major thoroughfares, offering high visibility and accessibility. The property's LAC2 zoning and current Certificate of Occupancy allow for a variety of office, retail, and medical uses. This presents a unique owner-user opportunity with approximately 15,875 square feet potentially available. The building's prime location within the Carthay Circle Garden Plaza provides easy access to numerous dining, shopping, and entertainment options, including the Beverly Center and The Grove, and is conveniently located near Cedars Sinai Hospital. With a Walk Score of 91, this property offers unparalleled convenience and accessibility. The high average daily traffic volume of 21,509 vehicles on Carrillo Drive further enhances its desirability.