9700-9708 Venice Blvd - Medical FOR SALE


Culver City, CA 90232
$6,950,000 USD
818-742-1610
9700-9708 Venice Blvd, Culver City, CA for Sale
$6,950,000 USD
Medical - FOR SALE
1/26
null | Request Cap Rate

NEW


9700-9708 Venice Blvd
Culver City, CA 90232


HIGHLIGHTS

  • Light and bright 2nd floor space within gated compound
  • Multi-room suite with 3 windowed offices, data, room, file room, and private restroom
  • Formal entry through shared courtyard
  • Prime downtown Culver City location, walking distance to restaurant and retail amenities
  • At the crossroads of Venice, Culver, and Washington Boulevard

OVERVIEW

DO NOT DISTURB TENANTS! For Sale — Prime Medical Office Building/Surgery Center or Development Site This ±5,150 sq. ft. property, situated on ±13,010 sq. ft. of land, is perfectly located along vibrant Venice Blvd and just steps away from Southern California Hospital at Culver City, Culver Medical Plaza and Downtown Culver City. This unique property is an ideal investment for owner-users seeking a presence in a thriving medical corridor. It features four fully built-out suites, offering exceptional versatility for various medical practices. The property is also an attractive asset for a savvy investor looking to add value through new tenant leases. There is also the opportunity for a partial Owner-User to supplement their occupancy with income from the other tenants. The property benefits from 20 on-site parking stalls providing easy access to the offices for patients and staff. The property’s flexible design makes it simple to renovate and adapt for a variety of office uses. For a mixed-use or commercial developer, with a generous frontage along Venice Blvd on over 13,000 sq. ft., the opportunity for redevelopment should not be overlooked. The property is within the City of Los Angeles and benefits from the increased zoning potential of being in L.A ., but with all the benefits of the Downtown Culver City neighborhood, bustling with restaurants, retail, and entertainment options. Spread across 5 individual parcels, the property offers incredible flexibility for redevelopment. With the potential to construct approximately 54 units (Buyer to verify), this site is primed for significant growth opportunities in a prime location.

FOR SALE DETAILS

PRICE

$6,950,000 USD

PRICE/SF

$1,350 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1953

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

MU EC

APN/PARCEL ID

4207-002-001,4207-002-002,4207-002-003

ASK ABOUT THIS PROPERTY

Adam ComoraNAI CapitalMore Info
818-742-1610

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Adam ComoraNAI CapitalMore Info
818-742-1610

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.