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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
$6,205,230 CAD
Price Per SF
$1,348.96 CAD
Cap Rate
4.21%
NOI
$261,240 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
0.50 AC
Zoning
LCC3* - Commercial
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 launched as a healthcare services brand under Elevance Health in 2022, following a shift toward services beyond traditional health insurance. The company supports whole health through capabilities that include behavioral health, pharmacy, palliative care, and research, and it also works across medical benefits management and care delivery. Carelon brings together care providers, life sciences, palliative and post-acute care teams, and community agencies to connect care across the health system. The company operates as part of a broader healthcare services platform built to simplify experiences for members, providers, and health plans, with Carelon Medical Benefits Management and other Carelon businesses operating under names such as AIM Specialty Health.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Health Care and Social Assistance - - Triple Net -
Moderately walkable
70/100
Exceptionally drivable
90/100
Strong public transit
80/100
Fairly bikeable
50/100

Nearby Major Retailers

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

Property Taxes

Property Taxes

Parcel Number
5232-011-010
Land Assessment
$46,505 CAD
Improvements Assessment
$72,710 CAD
Total Assessment
$119,215 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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