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4837 Huntington Drive N
Los Angeles, CA 90032

Price: $11,600,000 CAP Rate: 5.29%
Bldg SF: 13,669 SF Price/SF: $849
Land SF: 31,164 SF Occupancy: 100%
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685


Matthew Luchs
(818) 212-2727
matthew.luchs@marcusmillichap.com
License # 01948233


Ingrid Farias-Eisner
(310) 909-5449
ingrid.fariaseisner@marcusmillichap.com
License # 02071328

Price: $11,600,000
Bldg SF: 13,669 SF
Land SF: 31,164 SF
CAP Rate: 5.29%
Price/SF: $849
Occupancy: 100%
Property Type: Retail/Office
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685


Matthew Luchs
(818) 212-2727
matthew.luchs@marcusmillichap.com
License # 01948233


Ingrid Farias-Eisner
(310) 909-5449
ingrid.fariaseisner@marcusmillichap.com
License # 02071328

Investment Highlights

Arroyo Vista Family Health Center Has Successfully Operated out of this Location Since 2007 and Just Executed a New Twenty Year NNN Lease

 

  • Arroyo Vista Family Health Center has successfully been operating out of this location for 13 years
  • Arroyo Vista Family Health Center recently signed a new 20-year NNN lease which runs through April of 2040
  • There are two percent annual increases
  • Arroyo Vista Family Health Center has three other physical locations in addition to a mobile medical clinic

 

Medical Use Building with Exceptional Underlying Fundamentals

 

  • 38 parking spaces spread across two parcels
  • Located at the Northwest signalized corner of Huntington Drive and El Sereno Avenue
  • High daily traffic counts exceeding 60,000 vehicles per day
  • Frontage on three streets
  • OSHPD 3 certified
  • The subject property has undergone extensive renovations and upgrades
  • NNN leased to a government backed company that has been successfully operating out of this property for 13 years

 

Excellent Los Angeles Location in the Densely Populated and Gentrifying El Serrano Sub-Market

 

  • Multiple national credit tenants in the immediate area, including Chase Bank, Little Caesars, McDonalds, Jack-in-the-Box, Pizza Hut, O’Reilly Auto Parts, and several schools and churches
  • Less than three miles from California State University, Los Angeles
  • Significant development in and around the immediate area
  • Median age of 35 years old within the immediate sub-market

 

Strong Underlying Demographics and Dense Immediate Population

 

  • Over 34,000 people are located within one mile of the property, 280,400 within three miles of the property, and 781,500 within five miles
  • There are over 9,900 households located within one mile of the property, 86,000 within three miles, and 251,700 within five miles
  • Affluent sub-market with an average household income north of $81,200 within one mile of the subject property, $92,100 within three miles of the property, and $91,800 within five miles of the property
  • Vibrant surrounding SFR market with median home values exceeding $643,000 within one mile of the subject property