9236 California City Blvd California City, CA 93505
For Sale
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This exceptional investment opportunity presents a 1,753-square-foot freestanding medical office building in California City, CA. Currently 100% leased to Hall Ambulance, a highly creditworthy and pandemic-proof tenant, under a triple-net (NNN) lease, this property offers significant advantages for investors. The building boasts a strong 20+ year operating history at this location, with the tenant responsible for all expenses and property taxes, minimizing landlord responsibilities. The current annual gross income is $17,160, generating a 6.13% cap rate. Hall Ambulance recently extended their lease, demonstrating their long-term commitment to the site. The property sits on a 0.22-acre lot and features ample private parking with California City Blvd frontage. The building itself is well-maintained and includes multiple private rooms, a kitchen and dining area, and private restrooms. Located in a strategic trade area with approximately 111,679 residents within a 5-mile radius, this property offers a stable income stream with potential upside through future lease increases or owner-occupancy. The property's Commercial Office zoning provides flexibility for future uses. The asking price is $280,000, representing a compelling price per square foot of $159.73. This is a turnkey investment opportunity with a proven track record and a strong tenant. The APN is 205-071-05.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C3 · California City, CACalifornia City. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.