Office for Sale in Los Angeles, CA

  • Price: $30.8M
  • Listing type: For sale
  • Asset type: Office
  • Location: Los Angeles, CA 90031
  • Size: 51,722 SF

Description

Newmark, as exclusive advisor, is pleased to present the opportunity to acquire fee simple interest in the Lincoln Medical Building (the “Property”). Located at 3303-3331 Broadway, Los Angeles, the Property was designed and constructed to meet the specific needs of the Los Angeles County Department of Mental Health (LACDMH), the nation’s largest county-operated mental health agency with an annual operating budget of approximately $3 billion. Totaling 51,722 square feet, the Property is 100% leased to three tenants and is anchored by investment-grade County of Los Angeles Department of Mental Health, who occupies approximately 84% of the Property.

Market Context

This office in Los Angeles, CA is listed for sale at $30,830,000 across 51,722 SF. It has been on the market for 22 days. Compare it against other office listings for sale in Los Angeles, CA — <a href="/search/sale/office/california/los-angeles">view the full market</a>.

As of Q1 2026, the Greater Los Angeles office market showed a 14.7% vacancy rate, average asking rents near $35.40/SF/yr, rents up 0.7% year over year, and cap rates around 5.8%. Source: Consensus Q1 2026 market report.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Office market FAQ

What is the typical cap rate for office in Greater Los Angeles?
About 5.8% as of Q1 2026, per Consensus.
Is the Greater Los Angeles office market tightening or softening?
Vacancy is around 14.7%, with asking rents rising year over year (Q1 2026).

Unified Estimate

Medium Confidence

$153.53/SF – $207.71/SF

Mid: $180.62/SF

Total estimate for 51,722 SF: $9,342,028

Rate-first confidence-weighted blend with cost-of-business adjustment.

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