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4950 San Bernardino St - Montclair I
1,469 SF Office/Medical Condo Unit Offered at $598,800 in Montclair, CA 91763
Investment Highlights
- Next to Montclair Hospital
- Lots of daytime traffic
- Professional Medical Office
Executive Summary
Montclair Medical Building with renovations completed early 2017. This building has 23 individual office condos that are approved for professional and medical use. Substantial upgrades to the interior of the building have been made including new modern restrooms, designer lighting, and contemporary flooring. The exterior received a facelift with a brand new entrance, paint, landscaping, new parking lot, and more. The building is situated in a medical plaza which includes the Montclair Hospital Medical Center (102 beds), Community Extended Care Hospital, and Montclair Royale (an assisted living center). Easy access to Interstate 10, close proximity to retail and restaurant outlets, and minutes to Montclair Plaza.
Property Facts
| Price | $598,800 | Building Class | C |
| Unit Size | 1,469 SF | Floors | 2 |
| No. Units | 1 | Typical Floor Size | 26,378 SF |
| Total Building Size | 27,385 SF | Year Built | 1973 |
| Property Type | Office (Condo) | Lot Size | 2.31 AC |
| Property Subtype | Medical | Parking Ratio | 5.99/1,000 SF |
| Sale Type | Investment |
| Price | $598,800 |
| Unit Size | 1,469 SF |
| No. Units | 1 |
| Total Building Size | 27,385 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Sale Type | Investment |
| Building Class | C |
| Floors | 2 |
| Typical Floor Size | 26,378 SF |
| Year Built | 1973 |
| Lot Size | 2.31 AC |
| Parking Ratio | 5.99/1,000 SF |
1 Unit Available
Unit 216
| Unit Size | 1,469 SF | Sale Type | Investment |
| Price | $598,800 | Cap Rate | 5.15% |
| Price Per SF | $407.62 | NOI | $30,838.20 |
| Condo Use | Office/Medical | APN/Parcel ID | 1008-651-38 |
| Unit Size | 1,469 SF |
| Price | $598,800 |
| Price Per SF | $407.62 |
| Condo Use | Office/Medical |
| Sale Type | Investment |
| Cap Rate | 5.15% |
| NOI | $30,838.20 |
| APN/Parcel ID | 1008-651-38 |
Description
Suite 216 is approximately 1,469 square feet, this unit has a large waiting room, receptionist area, 3 doctor exam rooms, 2 private offices, a nurse station, 2 separate entrances, a private restroom, and 2 storage rooms. The waiting room and receptionist area was recently remodeled to meet ADA requirements along with new marble countertops.
Sale Notes
Currently being rented by a pediatrician doctor who's been there for over 7 years. An OBGYN doctor is sharing the space as well. Current rent is $3406 per month with HOA and property tax at around $835 per month. This brings the net cash-in-flow around $2571 per month. New 3-year lease was signed on 1/1/24.
Amenities
- 24 Hour Access
- Controlled Access
- Signage
- Reception
- Central Heating
- Common Parts WC Facilities
- Recessed Lighting
- Hardwood Floors
- Air Conditioning
zoning
| Zoning Code | A-P |
| A-P |
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4950 San Bernardino St - Montclair I
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