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Office Medical

7257-7259 Owensmouth Ave

7257 Owensmouth Ave, Los Angeles, CA 91303

Listing Price: $2,425,000

Cap Rate
0.39%
Gross SF
3,659
Rentable SF
3,659
Price/Gross SF
$662.75
Occupancy
55.0%
Year Built
1955
Lot Size
0.17 acres

Investment Overview

Marcus & Millichap is pleased to present 7257 Owensmouth Ave, a rare 3,659 SF freestanding medical/dental building situated on the signalized corner of Owensmouth Ave and Wyandotte St. Originally built in 1955 the building was renovated in 2000 and sits on a [Q]C2-1VL-CDO (Tier 3) zoned 0.17-acre parcel. There are 11 off-street parking spaces, accessed by the rear alley. There is also ample street parking as well as multiple public transportation options in the immediate vicinity. The building is perfectly positioned for a medical or dental user to take immediate occupancy, as the largest suite will be delivered vacant at the close of escrow, previously built out as a dental office. The remaining two suites are both on month-to-month leases allowing for further flexibility and repositioning. The asset is nestled in the heart of the West Valley with immediate access to both the 101 and 118 Freeways. The subject property sits directly adjacent to the Warner Center, which has quickly become the hottest area in the San Fernando Valley. The Warner Center boasts dozens of new developments and is projected to have 21,000 new households and 80,000 new jobs by 2035 combined with an additional 37 million square feet of commercial space and 20,000 residential units. The asset is also within proximity to both Hidden Hills and West Hills, two of the most affluent communities in all of Los Angeles County. The new development coupled with the surrounding affluent areas will allow a new medical/dental user to leverage this excellent demographic base and grow their business for many years to come. SBA financing is available with as little as 10% down and is fixed and fully amortized over a 20–25-year period. Contact the Listing Agent for a debt quote.

Investment Highlights

  • Rare Free-Standing Medical/Dental Building
  • Largest Suite Delivered Vacant - Ideal for Owner/User & SBA Financing
  • Parking Lot Accessed by Rear Alley – 11 Spaces (3.01/1,000 SF) + Ample Street Parking & Public Transportation Options
  • Situated on a Signalized Corner Intersection – Over 28,000 Vehicle Counts Per Day
  • Excellent Infill Demographics – 5-Mile Population of 414,818 with Average Household Income of $121,360
  • Proximity to Shopping, Dining and Entertainment Amenities – Walkscore of 90
  • Warner Center Adjacent - 21,000 new households and 80,000 new jobs projected in Warner Center by 2035 combined with an additional 37 million SF of commercial space and 20,000 residential units

Exclusively Listed By

Financing By

Office Medical

7257-7259 Owensmouth Ave

Listing Price: $2,425,000

Cap Rate
0.39%
Gross SF
3,659
Rentable SF
3,659
Price/Gross SF
$662.75
Occupancy
55.0%
Year Built
1955
Lot Size
0.17 acres

Investment Highlights

  • Rare Free-Standing Medical/Dental Building
  • Largest Suite Delivered Vacant - Ideal for Owner/User & SBA Financing
  • Parking Lot Accessed by Rear Alley – 11 Spaces (3.01/1,000 SF) + Ample Street Parking & Public Transportation Options
  • Situated on a Signalized Corner Intersection – Over 28,000 Vehicle Counts Per Day
  • Excellent Infill Demographics – 5-Mile Population of 414,818 with Average Household Income of $121,360
  • Proximity to Shopping, Dining and Entertainment Amenities – Walkscore of 90
  • Warner Center Adjacent - 21,000 new households and 80,000 new jobs projected in Warner Center by 2035 combined with an additional 37 million SF of commercial space and 20,000 residential units

Investment Overview

Marcus & Millichap is pleased to present 7257 Owensmouth Ave, a rare 3,659 SF freestanding medical/dental building situated on the signalized corner of Owensmouth Ave and Wyandotte St. Originally built in 1955 the building was renovated in 2000 and sits on a [Q]C2-1VL-CDO (Tier 3) zoned 0.17-acre parcel. There are 11 off-street parking spaces, accessed by the rear alley. There is also ample street parking as well as multiple public transportation options in the immediate vicinity. The building is perfectly positioned for a medical or dental user to take immediate occupancy, as the largest suite will be delivered vacant at the close of escrow, previously built out as a dental office. The remaining two suites are both on month-to-month leases allowing for further flexibility and repositioning. The asset is nestled in the heart of the West Valley with immediate access to both the 101 and 118 Freeways. The subject property sits directly adjacent to the Warner Center, which has quickly become the hottest area in the San Fernando Valley. The Warner Center boasts dozens of new developments and is projected to have 21,000 new households and 80,000 new jobs by 2035 combined with an additional 37 million square feet of commercial space and 20,000 residential units. The asset is also within proximity to both Hidden Hills and West Hills, two of the most affluent communities in all of Los Angeles County. The new development coupled with the surrounding affluent areas will allow a new medical/dental user to leverage this excellent demographic base and grow their business for many years to come. SBA financing is available with as little as 10% down and is fixed and fully amortized over a 20–25-year period. Contact the Listing Agent for a debt quote.

Exclusively Listed By

Financing By

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