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3513 E 1st St 4,600 SF Retail Building Los Angeles, CA 90063 $6,151,725 CAD ($1,337.33 CAD/SF) 4.21% Cap Rate

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Investment Highlights

  • ±4,600 SF Freestanding Medical Office Building
  • Turnkey Layout – Significant Buildout Cost Savings
  • On-Site Parking + Ample Surrounding Street Parking
  • Fully Built-Out 2nd Generation Medical Facility
  • Monument & Storefront Signage Opportunities
  • Located in Dense East Los Angeles Trade Area

Executive Summary

Rare opportunity for an owner-user to acquire a freestanding ±4,600 SF medical office building in East Los Angeles, fully built out and previously occupied by CareMore Health. This turnkey, second-generation medical facility is ideal for an owner-user seeking immediate occupancy without the cost and time associated with new medical construction. The property features a professional medical layout including a reception area with administrative office, spacious patient waiting room with public restroom, five exam rooms, treatment room, medication dispensary, private physician office, and two additional private restrooms. The functional design supports a wide range of healthcare uses including primary care, urgent care, specialty practice, dental, outpatient services, behavioral health, or dialysis.
Located within a highly visible 7-Eleven-anchored retail center at the corner of East 1st Street and Alma Avenue, the property benefits from strong daily traffic, monument signage, and excellent access from both cross streets. Positioned in Wellington Heights near Boyle Heights and City Terrace, the building is surrounded by dense residential neighborhoods with strong Hispanic demographics and limited competing medical ownership opportunities. With convenient access to the 60, 5, and 710 Freeways and proximity to public transportation, this location offers exceptional accessibility for patients and staff.

Attachments

OM_1st Street

Data Room Click Here to Access

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Building Size
4,600 SF
Building Class
B
Year Built/Renovated
1956/2006
Price
$6,151,725 CAD
Price Per SF
$1,337.33 CAD
Cap Rate
4.21%
NOI
$258,988 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
0.50 AC
Zoning
LCC3*
Parking
12 Spaces (2.61 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Pylon Sign
  • Signage
  • Signalized Intersection
  • Tenant Controlled HVAC
  • Monument Signage
  • Air Conditioning

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Health Care and Social Assistance
  • -
  • -
  • Triple Net
  • -

Carelon is a healthcare services company launched in 2022 as part of Elevance Health, focusing on delivering integrated solutions across pharmacy, behavioral health, and medical benefits management. The organization provides technology-driven care coordination, pharmacy benefit management, and clinical programs designed to improve health outcomes and reduce costs. Its portfolio includes CarelonRx for pharmacy services, Carelon Behavioral Health for mental health and substance use support, and Carelon Health for advanced primary care. Carelon also offers analytics and digital tools to support value-based care models and population health management. Operating as a privately held entity, Carelon leverages data insights and clinical expertise to streamline care delivery and enhance patient engagement across diverse healthcare settings.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Health Care and Social Assistance - - Triple Net -
Walk Score®
Very Walkable (88)
Transit Score®
Excellent Transit (71)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Starbucks
Citi
Bank of America
Superior Grocers
Vallarta Supermarkets
Ymca
U.S. Bank
Food 4 Less
King Taco Restaurant Inc

Property Taxes

Property Taxes

Parcel Number
5232-011-010
Land Assessment
$45,216 CAD
Improvements Assessment
$70,696 CAD
Total Assessment
$115,912 CAD
  • Listing ID: 39663546

  • Date on Market: 2026-03-04

  • Last Updated:

  • Address: 3513 E 1st St, Los Angeles, CA 90063

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