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$ 1,800,000
Est. payment | /mo
0.3 Acres Lot
$ 1,800,000
Est. payment | /mo
0.3 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26103499
HOA Y/N No
Year Built 1957
Lot Size 0.297 Acres
Property Description
We are pleased to present an investment opportunity at 531 W Las Tunas Drive in San Gabriel, a four suite medical office building situated along one of the city's primary commercial corridors. The property combines in place medical income with an immediately available, fully built out suite, appealing to both investors and owner users seeking a foothold in the West San Gabriel Valley healthcare market. One suite is currently vacant, offering a rare owner user opportunity in a market where small format medical buildings seldom trade. A practitioner can occupy immediately while income from the three remaining suites helps offset the cost of ownership, providing the benefits of building equity and controlling occupancy costs rather than paying rent to a landlord. The vacant suite features an existing dental build out with a lobby and reception area, two restrooms, several patient rooms, staff workstations, and walled filing cabinets for record storage. The specialized improvements are already in place, allowing a dental or medical user to significantly reduce tenant improvement costs and time to occupancy compared to building out a new space. Three established medical practices currently operate from the remaining suites, providing in place income and a stable tenant base. The concentration of healthcare users within the building creates a complementary professional environment that supports patient traffic, referral relationships, and long term tenant retention. Single story building totaling 4,576 SF on a 12,936 SF lot; 14 parking spaces in the rear lot. Dedicated on site parking is a critical amenity for medical users with frequent patient turnover, and ground level access throughout provides convenient entry for patients with no reliance on elevators or stairs. Prime San Gabriel location minutes from the San Gabriel Mission District and centrally positioned between Alhambra, San Marino, Temple City, and Arcadia. The property draws from a dense surrounding population and some of the most established communities in the West San Gabriel Valley, with convenient access to the area's major commercial corridors. Medical office continues to be one of the most resilient commercial asset classes, supported by consistent demand for outpatient/dental services regardless of broader economic conditions. Limited stock of similar medical buildings with dedicated parking in the area positions the property well for both long term hold and future resale.
Location
State CA
County Los Angeles
Area 654 - San Gabriel
Zoning SLC1*
Interior
Fireplace No
Exterior
Total Parking Spaces 14
Building
Story 1
Others
Tax ID 5363020003
Special Listing Condition Standard
Listed by Neema Ahadian Marcus & Millichap #01346750