Medical Office Condo For
For Sale
$375,000
4950 San Bernardino, Montclair, CA 91763
Medical office condo with long-term tenant near Montclair Hospital.
Property Size968 SF
Price / SF$255.28
Days on Market182
Property Features for 4950 San Bernardino
General Information
Standard status
Active
Size
968 SF
Property subtype
Office
Building Details
Building Size
968 SF
Year Built
1973
Listing Agency:
NEW HARVEST REALTY
Listed By:
Lisa Di Noto · License #01804308
(909) 921-2544
Source:
Camdenmckayre
Added: Apr 24
Changed: Oct 8
Last Checked: Oct 21 at 2:41AM
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 NEW HARVEST REALTY
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Suite 216, a 1,469-square-foot office condo, features a large waiting room, receptionist area, three doctor exam rooms, two private offices, a nurse station, two separate entrances, a private restroom, and two storage rooms. The waiting room and receptionist area were recently remodeled to meet ADA requirements, including new marble countertops. The unit is currently rented by a pediatrician who has been there for over seven years, with an OBGYN doctor sharing the space. The current rent is $3,406 per month, with HOA and property tax around $835 per month, resulting in a net cash-in-flow of approximately $2,571 per month. A new three-year lease was signed on January 1, 2024. The Montclair Medical Building, where the condo is located, completed renovations in early 2017. The building contains 23 individual office condos approved for professional and medical use. Interior upgrades include new modern restrooms, designer lighting, and contemporary flooring. The exterior has a new entrance, paint, landscaping, and parking lot. The building is situated in a medical plaza that includes Montclair Hospital Medical Center (102 beds), Community Extended Care Hospital, and Montclair Royale (an assisted living center). It offers easy access to Interstate 10 and is close to retail and restaurant outlets, and minutes from Montclair Plaza.
Key Highlights
- Established tenant (pediatrician) with a new 3‑year lease signed 1/1/24, providing immediate rental income.
- Net positive cash flow of approximately $2571 per month after HOA and property tax.
- Unit is well‑equipped for medical use with a large waiting room, receptionist area, 3 exam rooms, 2 offices, nurse station, restroom, and storage.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,291
Cap Rate
4.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$345,820
$345.8K
Cap Rate 7%
$247,014
$247.0K
Cap Rate 9%
$192,122
$192.1K
Market Conditions
NOI Build-Up for 1,469 SF
Gross rent
$25.0K $17.04/SF
− Vacancy
−$2.0K −$1.35/SF
EGI
$23.1K $15.69/SF
− OpEx
−$5.8K −$3.92/SF
NOI
$17.3K $11.77/SF
Area
San Bernardino County, CA
Vacancy
7.90%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$345,820
Cap Rate 7%
$247,014
Cap Rate 9%
$192,122
Alternative Uses
Best Use
Office B
$247.0K
$216.1K – $288.2K
NOI $17,291 @ 7.0% cap · market cap 4.61%
Second Best
Healthcare Medical
$174.0K
$152.2K – $203.0K
NOI $12,177 @ 7.0% cap · market cap 3.25%
Theoretical Best
Office A
$309.9K
$271.1K – $361.5K
NOI $21,690 @ 7.0% cap · market cap 5.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,322
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 91763, CA
37,631
Population
10,557
Households
3.6
Avg Household Size
34
Median Age
18%
College-Educated
74%
High-School Grad
5.3 sq mi
ZIP Area
7,100
Density / Sq Mi
$77,627
Median Household Income
$37,787
Median Earnings
$1,767
Median Rent
$550,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- Vetco — 9137 Central Ave Ste A, Montclair, CA 91763
- Petco Vaccination Clinic — 9137 Central Ave Ste A, Montclair, CA 91763
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office condo with long-term tenant near Montclair Hospital.
Where is this medical office space located?
The property is located at 4950 San Bernardino Montclair, CA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Established tenant (pediatrician) with a new 3‑year lease signed 1/1/24, providing immediate rental income.; Net positive cash flow of approximately $2571 per month after HOA and property tax.; Unit is well‑equipped for medical use with a large waiting room, receptionist area, 3 exam rooms, 2 offices, nurse station, restroom, and storage.
