Vacant Medical Office in San
For Sale
$1,595,000
209 North Pacific Avenue, Los Angeles, CA 90731
Vacant medical office building with on-site parking for sale.
Property Size4,642 SF
Lot Size0.21 Acres
Price / SF$343.60
Days on Market207
Property Features for 209 North Pacific Avenue
General Information
Standard status
Active
Size
4,642 SF
Class
B
Lot size
0.21 Acres
Property subtype
Office
Building Details
Building Size
4,642 SF
Year Built
2003
Listing Agency:
NAI Capital
Listed By:
David Maling · License #CalDRE #01139115
(213) 453-1770
Source:
Naiglobal
Added: Mar 27
Changed: Oct 13
Last Checked: Oct 19 at 5:17AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Capital
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property at 209 North Pacific Avenue in San Pedro, California, is a vacant medical office building available for purchase. The building has a size of approximately 4,642 square feet and is situated on a lot of approximately 9,000 square feet. The property includes a few gated, on-site parking spaces. The location provides convenient access to N Gaffey Street and Seaside Freeway, presenting an opportunity for a buyer.
Key Highlights
- Vacant medical office property, ideal for immediate use or redevelopment.
- Lender‑owned (REO), presenting a potential value opportunity.
- Located in San Pedro, California.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$110,184
Cap Rate
6.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,203,680
$2.2M
Cap Rate 7%
$1,574,057
$1.6M
Cap Rate 9%
$1,224,267
$1.2M
Market Conditions
NOI Build-Up for 4,642 SF
Gross rent
$180.5K $38.88/SF
− Vacancy
−$33.6K −$7.23/SF
EGI
$146.9K $31.65/SF
− OpEx
−$36.7K −$7.91/SF
NOI
$110.2K $23.74/SF
Area
Los Angeles, CA
Vacancy
18.60%
Lease Rate
$38.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,203,680
Cap Rate 7%
$1,574,057
Cap Rate 9%
$1,224,267
Alternative Uses
Best Use
Office B
$1.57M
$1.38M – $1.84M
NOI $110,184 @ 7.0% cap · market cap 6.91%
Second Best
Healthcare Medical
$1.23M
$1.08M – $1.43M
NOI $86,096 @ 7.0% cap · market cap 5.40%
Theoretical Best
Multifamily LT 5
$94.04M
$82.29M – $109.72M
NOI $6,583,089 @ 7.0% cap · market cap 412.73%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
3,746
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 90731, CA
61,270
Population
24,477
Households
2.5
Avg Household Size
38
Median Age
25%
College-Educated
81%
High-School Grad
9.3 sq mi
ZIP Area
6,588
Density / Sq Mi
$71,936
Median Household Income
$41,324
Median Earnings
$1,645
Median Rent
$808,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Vacant medical office building with on-site parking for sale.
Where is this medical office space located?
The property is located at 209 North Pacific Avenue Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: Vacant medical office property, ideal for immediate use or redevelopment.; Lender‑owned (REO), presenting a potential value opportunity.; Located in San Pedro, California.
