3705 Gage AveBell, CA 90201

Property Details for 3705 Gage Ave

Year built

1923

Construction

TILT-UP CONCRETE

Lot size

0.27 AC

Property size (Sq ft)

8,170 SF

Zone code

BLC3R*

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

6318-022-022

APU

6318022022

Description

This exceptional 8,170-square-foot freestanding medical office building presents a unique leasing opportunity. Situated on a prominent 17,980-square-foot signalized corner lot in Bell, CA, this single-tenant property boasts high visibility and accessibility. Renovated in 2014, the building features 24 parking spaces (a 2.97/1,000 RSF ratio), offering ample convenience for patients and staff. Its prime location benefits from exceptional daily traffic counts exceeding 32,500 vehicles on Gage Avenue (adjusted to 2024 figures). The property is strategically positioned within a densely populated area, with approximately 53,314 residents within a 1-mile radius, 272,390 within 3 miles, and over 664,059 within a 5-mile radius. The building's proximity to major freeways (Interstate 110, 710, 5, & 10) ensures easy commutes. Nearby amenities include numerous national and regional retailers such as Little Caesars, 7-Eleven, WSS, and Rite Aid, as well as local schools like Orchard Academy and Corona Avenue Elementary School. The property is zoned BLC3R* and has APN numbers 6318-022-021 and 6318-022-022. The building is a single-story structure built in 1950. This is a truly exceptional opportunity for a medical practice seeking a high-profile location with excellent visibility and ample parking.

• CAP approach

  CAP return

  Valuation

  6%

  $2,910,442

  6.5%

  $2,686,562

  7%

  $2,494,664

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,408,091

  Geo Method

  $2,408,091

• Alternative Use

  Use

  Valuation

  Residential

  $2,686,562

  Hospitality

  $2,460,876

  Educational

  $2,047,420

  Medical

  $2,117,834

  Retail

  $3,184,876

Location Insight

City

Bell

County

Los Angeles

State

California

Latitude

33.9796

Longitude

-118.199

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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