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30071989
30071994

3513 1st St, Los Angeles, CA 90063

AG
CA 01924254
CBM1 West Los Angeles
GG
CA 1265002
CBM1 West Los Angeles
Listed by CBM1 West Los Angeles
$4,500,000
98 days on market
Updated 50 days ago
Opportunity zone

3513 E 1st Street

Details
Property Type Retail, Office (+1)
Sub Type Pharmacy/Drug, Medical Office (+1)
Square Footage 4,600
Units 1
Cap Rate 4.22%
NOI $190,000
Price per SqFt $978
Class B
Year Built 1956
Year Renovated 2006
Buildings 1
Stories 1
Lot Size (SqFt) 5,151
Zoning SP-ELA-3RD-ST
Investment Type Owner/User
Occupancy Date 03/31/2026

Freestanding 5,000 SF Medical Office for Sale | East Los Angeles

Marketing description

Rare opportunity for an owner-user to acquire a freestanding ±5,000 SF medical office building in East Los Angeles, fully built out and previously occupied by CareMore Health. This turnkey, second-generation medical facility is ideal for an owner-user seeking immediate occupancy without the cost and time associated with new medical construction. The property features a professional medical layout including a reception area with administrative office, spacious patient waiting room with public restroom, five exam rooms, treatment room, medication dispensary, private physician office, and two additional private restrooms. The functional design supports a wide range of healthcare uses including primary care, urgent care, specialty practice, dental, outpatient services, behavioral health, or dialysis.

Located within a highly visible 7-Eleven-anchored retail center at the corner of East 1st Street and Alma Avenue, the property benefits from strong daily traffic, monument signage, and excellent access from both cross streets. Positioned in Wellington Heights near Boyle Heights and City Terrace, the building is surrounded by dense residential neighborhoods with strong Hispanic demographics and limited competing medical ownership opportunities. With convenient access to the 60, 5, and 710 Freeways and proximity to public transportation, this location offers exceptional accessibility for patients and staff.

Investment highlights

  • ±4,600 SF Freestanding Medical Office Building
  • Fully Built-Out 2nd Generation Medical Facility
  • Turnkey Layout – Significant Buildout Cost Savings
  • Monument & Storefront Signage Opportunities
  • On-Site Parking + Ample Surrounding Street Parking
  • Located in Dense East Los Angeles Trade Area
  • Strong Hispanic Population Demographics
  • Excellent Freeway Access (60, 5, 710)
  • Ideal for Owner-User or Medical Investment

Listing Contacts

AG
CA 01924254
CBM1 West Los Angeles
GG
CA 1265002
CBM1 West Los Angeles
Listed by CBM1 West Los Angeles

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$190,000.00
$15,833.33/mo

Valuation Metrics

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DSCR
4.22%
Cap Rate
4.22%
ROI

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