Medical Office Condo For
4950 San Bernardino St 216 Montclair, CA 91763
For Sale
$550,000
Medical office condo with long-term tenant near Montclair Hospital.
Property Size1,469 SF
Price / SF$374.40
Days on Market95
Property Features for 4950 San Bernardino St 216
General Information
Standard status
Active
Size
1,469 SF
Property subtype
Commercial
Building Details
Year Built
1973
Listing Agency:
Universal Elite Inc.
(909) 979-0207
Listed By:
Oliver Liu · License #01919930
(909) 979-0207
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 27 at 5:57AM
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 Universal Elite Inc.
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 For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.0k | $17.04 |
| − Vacancy | −$2.0k | −$1.35 |
| EGI | $23.1k | $15.69 |
| − OpEx | −$5.8k | −$3.92 |
| NOI | $17.3k | $11.77 |
1,469 SF · lease $17.04/SF/yr · vacancy 7.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$247.0K
$216.1K – $288.2K
NOI $17,291 @ 7.0% cap · market cap 3.14%
Second Best
Healthcare Medical
$174.0K
$152.2K – $203.0K
NOI $12,177 @ 7.0% cap · market cap 2.21%
Theoretical Best
Office A
$309.9K
$271.1K – $361.5K
NOI $21,690 @ 7.0% cap · market cap 3.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Petco Vaccination Clinic — 9137 Central Ave Ste A, Montclair, CA 91763
- Vetco — 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 St 216 Montclair, CA.
What is the asking price?
The asking price for this property is $550,000.
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.
