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3513 E 1st St
Los Angeles, CA 90063
Retail Property For Sale


Investment Highlights
- ±5,000 SF Freestanding Medical Office Building
- Turnkey Layout – Significant Buildout Cost Savings
- On-Site Parking + Ample Surrounding Street Parking
- Fully Built-Out 2nd Generation Medical Facility
- Monument & Storefront Signage Opportunities
- Located in Dense East Los Angeles Trade Area
Executive Summary
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.
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.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
5,000 SF
Building Class
B
Year Built/Renovated
1956/2006
Price
$4,500,000
Price Per SF
$900
Cap Rate
4.22%
NOI
$190,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
0.50 AC
Zoning
LCC3*
Parking
12 Spaces (2.96 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Pylon Sign
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Monument Signage
- Air Conditioning
Property Taxes
| Parcel Number | 5232-011-010 | Improvements Assessment | $51,696 |
| Land Assessment | $33,064 | Total Assessment | $84,760 |
Property Taxes
Parcel Number
5232-011-010
Land Assessment
$33,064
Improvements Assessment
$51,696
Total Assessment
$84,760
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