GenevaCho Medical Center — Sale in Los Angeles, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Los Angeles, CA 90020
  • Submarket: Mid-Wilshire

Description

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.

Market Context

This office in Los Angeles, CA is listed for sale. Compare it against other office listings for sale in Los Angeles, CA — view the full market.

As of Q2 2026, the Greater Los Angeles office market showed average asking rents near $43.08/SF/yr. Source: multiple brokerage reports, Q2 2026.

Estimated Price per SF

$120.58/SF – $876.96/SF

Mid: $365.40/SF

About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.

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