829-835 9Th St Los Angeles, CA 90731
- Office Properties & Spaces
- 2,880 SF
Current Use by Public Records
- Office Properties & Spaces
Property Details for 829-835 9Th St
- Year built
- 1972
- Property size
- 2,880 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Medical offices
Description
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
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.295
- Latitude
- 33.7356
