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MOTIVATED SELLER
- EXCEPTIONAL AND CHARMING LOCATION
- HIGH-END TENANT IMPROVEMENTS THROUGHOUT
- APPROVED FOR CONGREGATE LIVING
- AVAILABLE FOR IMMEDIATE OWNER USE
Property Information
| Location: |
1001 North Martel Ave.
Los Angeles, CA 90046 |
| Property Interest Conveyed: |
Fee Simple |
| Improvements: |
Two story former hospice with high-end tenant improvements throughout. The
25 patient care rooms are each equipped with a bathroom and attractive built-ins.
Additional facilities include: 6 executive and administrative offices, reception, 2
over standard conference rooms, 2 office/utility rooms, 1 industrial sized kitchen
and kitchen/break room, 2 large storage/equipment rooms and restrooms and
showers on each floor. |
| Year Built: |
1995 |
| Parking: |
Subterranean parking striped for 24 spaces w/ 2 handicapped |
| Building Area: |
17,040 square feet per public records. Buyer to confirm during due diligence. |
| Site Area: |
14,020 square feet |
| APN #: |
5531-022-037 |
| Zoning: |
MLAR3 Multifamily Zone. Congregate Living Use, approved under County of Los angeles license. |
Investment Highlights
Linn House offers purchasers the a rare opportunity to acquire a highly improvement newer property located in a charming and quiet residential area of Los Angeles adjacent to the West Hollywood city line. Property will be delivered vacant offering owner users the opportunity to acquire a currently licensed for congregate living.
Adjacent properties include retirement and convalescent care facilities as well as multifamily and single family residential. Located within walking distance of public mass transit and restaurants and retail shops of both Melrose Avenue and Santa Monica Boulevards.
Tasteful architecture and interior design position Linn House for potential alternative uses such as: Education, Research, Non-Profit Foundations, Convalescent Care and other medical uses. Any alternative use or ongoing congregate living use would all be subject to Governmental approval. Buyer must do their own research and neither the Seller nor Seller’s Broker can provide any opinions or recommendations on allowable uses of the property.
Offering Terms
| Sales Price (fee simple interest): |
$ 6,495,000
$ 5,895,000 |
| Sales Price per square foot: |
$ 380
$ 346 |
| Full Sales Offering Memorandum available upon request. |
MOTIVATED SELLER
- BEAUTIFULLY RESTORED ARCHITECTURAL LANDMARK
- HISTORIC ADAMS DISTRICT LOCATION
- APPROVED FOR CONGREGATE LIVING
- VACANT AND AVAILABLE FOR IMMEDIATE OWNER USE
Property Information
| Location: |
2146 West Adams Boulevard
Los Angeles, CA 90018 |
| Property Interest Conveyed: |
Fee Simple |
| Improvements: |
Site is improved with 3 buildings. Historically designated Wells
Halliday Mansion built in 1901 and measured at approximately 3,681
sq. ft. Hospice and clinic building built in 1992 and measured at
approximately 15,270 square feet. Older Older cottage at rear of
property measured at approximately 450 sq. ft. Building area
measurements of 19,401 square feet based on public records and
subject to confirmation by Buyer. |
| Parking: |
25 spaces including 18 covered “tuck under” spaces and 7 outdoor uncovered
spaces. |
| Site Area: |
27,285 square feet |
| APN #: |
5052-031-024 |
| Zoning: |
Mixed LA – R4 & R3 Zones. Congregate Living Use, approved under
State of California license. |
Investment Highlights
Carl Bean House offers purchasers the opportunity to acquire a highly improved and functional property located in the heart of the Historic Adams District. Property will be delivered vacant offering owner users the opportunity to acquire a landmark property currently licensed for congregate living. Wells Halliday Mansion is an excellent example of Dutch Colonial Revival which has been beautifully restored and is very functional for office and administrative use. Wells Halliday is a designated landmark.
Rear 3 story building includes 25 patient care rooms on two stories. The lower level is improved with a functioning clinic including 5 exam rooms, bathrooms, offices and reception areas. Fully equipped patient rooms surround a two story high atrium. The grounds are all attractively maintained.
Carl Bean House is within close proximity to the 10 Freeway, the active commercial corridor along Western Avenue and the University of Southern California campus. Adjacent properties include the historically designated Clark Memorial Library and Amateur Athletic Foundation. Potential alternative uses such as: Educational, Research, Non-Profit Headquarters, Convalescent Care and other medical uses would all be subject to governmental approval. Buyer must do their own research and neither the Seller nor Seller’s Broker can provide any opinions or recommendations on allowable alternative uses for this property.
Offering Terms
| Sales Price (fee simple interest): |
$ 5,995,000
$ 5,295,000 |
| Sales Price per square foot: |
$ 309
$ 273 |
| Full Sales Offering Memorandum available upon request. |
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