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28781428
28781427

955 Carrillo Dr, Los Angeles, CA 90048 For Sale

DC
CA 01808709
Commercial Asset Group, Inc.
KV
CA #01963632
Newmark
Listed by Commercial Asset Group, Inc., Newmark
$14,500,000
207 days on market
Updated 3 days ago

955 Carrillo Dr

Details
APN 5088-0180926
Property Type Office
Sub Type Traditional Office, Medical Office
Square Footage 22,568
NOI $648,854
Occupancy 100%
Price per SqFt $642
Year Built 1990
Stories 4
Lot Size (SqFt) 12,763
Zoning LAC2
Parking Spaces 41,000 per 1,000 sq ft
Investment Type Owner/User

Office | 22,568 SqFt

Marketing description

Medical/Office - Owner User Building

Commercial Asset Group is pleased to present an opportunity to purchase 955 Carrillo Drive, a 22, 568 RSF beautiful architecturally stunning Mediterranean Garden Style office/medical building located right off Olympic Boulevard in the coveted Miracle Mile neighborhood. This charming building was built in 1990 using high level materials and finishes throughout. The property sits on approximately 12,763 square feet of land and provides a stunning oasis for all your medical office needs, complete with beautiful courtyards, private terraces, and a quiet feel throughout. 955 Carrillo Drive is at the center of the Carthay Circle Garden Plaza, which is a bustling commercial district, surrounded by a variety of dining, shopping, and entertainment options. The property is just a short drive away from some of the most popular Los Angeles dining and shopping areas including the Beverly Center (7 min.), and The Grove (9 min.), and is also a short 8-minute drive away from Cedars Sinai Hospital. Current tenants range from a broad range of medical and office use, including but not limited to physical therapy centers, a vision center, entertainment industry office space, and holistic health services.

Investment highlights

  • Highly desirable boutique office/medical building in Miracle Mile, a bustling commercial district
  • Built in 1990
  • Architectural Mediterranean Garden style building
  • Includes multiple courtyards and private terraces with lush greenery and fountains
  • Some notable tenants include Hollywood Vision Center, California Rehabilitation and Sports Therapy, Southern California Integrative Wellness Center, and the Pilates Studio
  • Numerous walkable amenities
  • Walk Score: 91 (Very Walkable)
  • High average daily traffic volume at 21,509 vehicles per day on Carrillo Drive
  • Owner user opportunity (±15,875 SF available)
  • Zoning and current Certificate of occupancy may allow for a variety of office, retail and medical uses

Listing Contacts

DC
CA 01808709
Commercial Asset Group, Inc.
KV
CA #01963632
Newmark
Listed by Commercial Asset Group, Inc., Newmark

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$648,854.00
$54,071.17/mo

Valuation Metrics

0
DSCR
4.47%
Cap Rate
4.47%
ROI

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