Medical Office Building with
For Sale
$8,490,000
6601 Rugby Ave, Huntington Park, CA 90255
Four-story medical office building with five parking lots.
Property Size29,029 SF
Price / SF$292.47
Days on Market269
Property Features for 6601 Rugby Ave
General Information
Standard status
Active
Size
29,029 SF
Property subtype
Office
Building Details
Year Built
1989
Listing Agency:
Coldwell Banker Commercial NRT Pasadena
(626) 898-2308
Listed By:
Kathi Constanzo · License #02067397
(626) 898-2308
Source:
Cbcworldwide
Added: Dec 3, 2025
Changed: Jul 6
Last Checked: Apr 9 at 9:00PM
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 Coldwell Banker Commercial NRT Pasadena
Investment Insights
Based on property information with market context.
This four-story medical office building, located in Huntington Park, offers approximately 29,029 square feet of medical office space. The property is suitable for medical practices, clinics, or healthcare offices. It is situated in a vibrant area with access to major streets and public transportation. The property includes five dedicated parking lots spanning approximately 42,710 square feet of land. There is a potential future development opportunity if the City makes changes to their adjacent parking lots. The property is subject to an agreement with the City of Huntington Park, which may allow for future development on the parking lots. The building is ideal for investors or medical professionals looking for a well-established medical facility, with the opportunity for the buyer to occupy a portion of the building.
Key Highlights
- Significant Price Reduction: Now offered at $8,490,000 ($292/SF), a substantial drop from $11,628,000.
- Prime Medical Office Space: Features +/- 29,029 SF of dedicated medical office space.
- Multiple Parking Lots: Includes five parking lots totaling approximately 42,710 SF of land.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$642,255
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.56%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$12,845,100
$12.8M
Cap Rate 7%
$9,175,071
$9.2M
Cap Rate 9%
$7,136,167
$7.1M
Market Conditions
NOI Build-Up for 29,029 SF
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.
Gross rent
$982.3K $33.84/SF
− Vacancy
−$64.8K −$2.23/SF
EGI
$917.5K $31.61/SF
− OpEx
−$275.3K −$9.48/SF
NOI
$642.3K $22.12/SF
Area
Los Angeles County, CA
Vacancy
6.60%
Lease Rate
$33.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$12,845,100
Cap Rate 7%
$9,175,071
Cap Rate 9%
$7,136,167
Alternative Uses
Best Use
Retail
$9.18M
$8.03M – $10.70M
NOI $642,255 @ 7.0% cap · market cap 7.56%
Second Best
Office B
$9.07M
$7.93M – $10.58M
NOI $634,551 @ 7.0% cap · market cap 7.47%
Theoretical Best
Office A
$15.54M
$13.60M – $18.13M
NOI $1,087,941 @ 7.0% cap · market cap 12.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,420
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90255, CA
71,157
Population
19,265
Households
3.7
Avg Household Size
34
Median Age
9%
College-Educated
53%
High-School Grad
3.7 sq mi
ZIP Area
19,232
Density / Sq Mi
$61,376
Median Household Income
$31,695
Median Earnings
$1,443
Median Rent
$562,600
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Four-story medical office building with five parking lots.
Where is this medical office space located?
The property is located at 6601 Rugby Ave Huntington Park, CA.
What is the asking price?
The asking price for this property is $8,490,000.
What are key features of this property?
This property features: Significant Price Reduction: Now offered at $8,490,000 ($292/SF), a substantial drop from $11,628,000.; Prime Medical Office Space: Features +/- 29,029 SF of dedicated medical office space.; Multiple Parking Lots: Includes five parking lots totaling approximately 42,710 SF of land.
