3160 Geneva St - GenevaCho Medical Center
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3160 Geneva St - GenevaCho Medical Center
154,799 SF Health Care Building Offered For Sale in Los Angeles, CA 90020
Investment Highlights
- Remodeled medical center offering top-notch facilities and amenities in the dynamic Koreatown neighborhood – LA’s most densely populated area.
- The ground floor is set up to serve as a “mini-hospital,” with facilities for imaging, surgery, dialysis, Urgent Care, endoscopy, and more.
- The building includes unique medical office and supporting services suites, including retail, dining, conference facilities, and pharmacies.
- Fantastic opportunities in an area that is medically underserved – with more than 1.2 million people within 5 miles of the center.
- Located within a Qualified Opportunity Zone (QOZ), tenants also enjoy collaboration opportunities with USC, UCLA, and Cedars-Sinai Medical Center.
- The GenevaCho Medical Center provides ample parking options for patients and guests and is also just a ½ mile from a Metro station.
Executive Summary
GenevaCho Medical Center is a state-of-the-art outpatient medical center focused on delivering high-quality health care to the robust and underserved community of Koreatown. Formerly home to the Shriners Children’s Hospital Los Angeles, the building is being completely remodeled and is ready to cater to a wide variety of medical office businesses and related services. There are also plans for a fourth floor consisting of 40 independent living units.
The vision for the GenevaCho Medical Center is to serve as a “mini-hospital” by providing top-notch medical facilities on the ground floor, including (but not limited to) an imaging center, a minor surgery center, a kidney dialysis center, an Urgent Care facility, and endoscopy labs. Supporting these ground-floor facilities will be a mix of medical office, physical therapy, pharmacy, and supporting retail suites on the second and third floors.
The outstanding amenities and premier building signage and identity options make GenevaCho Medical Center extremely attractive to incoming tenants or owners/users. GenevaCho Medical Center boasts a prime location within a Southern California Qualified Opportunity Zone (QOZ). Businesses can take advantage of collaboration opportunities with USC’s Leonard Davis School of Gerontology, UCLA, and Cedars-Sinai Medical Center.
In addition to the 180 on-site parking spaces (with additional parking on the surrounding streets), it is only a half-mile walk to the Wilshire/Vermont Metro Station. This ease of access allows businesses in the center to conveniently serve patients from the Greater Los Angeles Area, with more than 1.2 million people living within a 5-mile radius.
The vision for the GenevaCho Medical Center is to serve as a “mini-hospital” by providing top-notch medical facilities on the ground floor, including (but not limited to) an imaging center, a minor surgery center, a kidney dialysis center, an Urgent Care facility, and endoscopy labs. Supporting these ground-floor facilities will be a mix of medical office, physical therapy, pharmacy, and supporting retail suites on the second and third floors.
The outstanding amenities and premier building signage and identity options make GenevaCho Medical Center extremely attractive to incoming tenants or owners/users. GenevaCho Medical Center boasts a prime location within a Southern California Qualified Opportunity Zone (QOZ). Businesses can take advantage of collaboration opportunities with USC’s Leonard Davis School of Gerontology, UCLA, and Cedars-Sinai Medical Center.
In addition to the 180 on-site parking spaces (with additional parking on the surrounding streets), it is only a half-mile walk to the Wilshire/Vermont Metro Station. This ease of access allows businesses in the center to conveniently serve patients from the Greater Los Angeles Area, with more than 1.2 million people living within a 5-mile radius.
Property Facts Under Contract
| Sale Type | Investment | No. Beds | 50 |
| Property Type | Health Care | No. Stories | 3 |
| Property Subtype | Hospital | Year Built/Renovated | 1951/2024 |
| Building Class | B | Tenancy | Single |
| Lot Size | 2.25 AC | Parking Ratio | 0.97/1,000 SF |
| Building Size | 154,799 SF | Opportunity Zone |
Yes
|
| Sale Type | Investment |
| Property Type | Health Care |
| Property Subtype | Hospital |
| Building Class | B |
| Lot Size | 2.25 AC |
| Building Size | 154,799 SF |
| No. Beds | 50 |
| No. Stories | 3 |
| Year Built/Renovated | 1951/2024 |
| Tenancy | Single |
| Parking Ratio | 0.97/1,000 SF |
| Opportunity Zone |
Yes |
Amenities
- Car Charging Station
Walk Score ®
Walker's Paradise (93)
Transit Score ®
Excellent Transit (79)
PROPERTY TAXES
| Parcel Number | 5501-023-013 | Improvements Assessment | $9,481,910 |
| Land Assessment | $21,529,515 | Total Assessment | $31,011,425 |
PROPERTY TAXES
Parcel Number
5501-023-013
Land Assessment
$21,529,515
Improvements Assessment
$9,481,910
Total Assessment
$31,011,425
zoning
| Zoning Code | LAR1 |
| LAR1 |
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3160 Geneva St - GenevaCho Medical Center
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