This exceptional 2,880 square foot medical office building in Los Angeles, CA, presents a rare owner-user opportunity. Located at 829-835 W 9th St, San Pedro, CA 90731, this single-story, 1972-built property sits on a substantial 9,602 square foot double lot zoned C2, allowing for diverse commercial and multi-residential uses. Currently housing a chiropractic practice (2,280 sq ft) and a law firm (600 sq ft) on separate leases (law firm lease expires June 30, 2026, without renewal), the building offers ample parking (15 stalls, exceeding the 5:1 ratio required for medical offices). Suite A, the chiropractic office, underwent a complete renovation in 2019-2020, including ADA upgrades to patient access and restrooms, new HVAC units, an upgraded electrical system, and an ADA lift/elevation. The current owner is vacating Suite A at closing. The asking price is $1,399,000 ($485.76/sq ft), with a pro-forma cap rate of 6.25% and NOI of $87,369. This turnkey property boasts a high-end medical office build-out featuring eight exam rooms, an office, two ADA-compliant bathrooms (one with a shower), and a lobby/reception area. Its prime location in San Pedro's business district, minutes from the Port of Los Angeles and the LA Waterfront Development, makes it an ideal investment. The property includes two units, each priced at $699,500. APN: 7454-008-009
Highlights
Rare owner-user opportunity in a 2,880 SF medical office building in San Pedro, CA.
High-end medical office build-out with eight exam rooms, an office, two ADA-compliant bathrooms (one with shower), and a lobby/reception area.
Located on a double lot (9,602 SF) zoned C2, offering ample parking (15 stalls).
Prime San Pedro location, minutes from the Port of Los Angeles and the LA Waterfront.
Asking price: $1,399,000 ($485.76/SF), with a pro-forma cap rate of 6.25% and NOI of $87,369.
Office property - Prime San Pedro medical office, owner-user opportunity.
Where is the office property located?
The property is located at 829-835 9Th St Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Rare owner-user opportunity in a 2,880 SF medical office building in San Pedro, CA.; High-end medical office build-out with eight exam rooms, an office, two ADA-compliant bathrooms (one with shower), and a lobby/reception area.; Located on a double lot (9,602 SF) zoned C2, offering ample parking (15 stalls).
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Contacts
Steve Lampe
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9Th St Los Angeles, CA 90731
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9Th St Los Angeles, CA 90731
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829-835 9Th St
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