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4950 San Bernardino St
Montclair, CA 91763

$598,800 USD

Medical Condo For Sale  •  1,469 SF

Property Details

  • Property Type Medical
  • Total Building Size 27,385 SF
  • Lot Size 2.31 AC
  • Building Class C
  • Year Built 1973
  • Cap Rate 5.15 %
  • Tenancy Multiple
  • Zoning A-P
36 Transit Score
56 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 216 Medical Office 1,469 SF $598,800 USD
  • Unit Size: 1,469 SF
  • Condo Use: Medical Office
  • Price: $598,800 USD
  • Sale Type: Investment
  • Price/SF: $407.62 USD
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.

Description 

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.

Highlights

Next to Montclair Hospital
Professional Medical Office
Lots of daytime traffic

Property Flyers

Cap Rate: 5.15 %

Amenities

  • 24 Hour Access
  • Controlled Access
  • Signage
  • Reception
  • Central Heating
  • Common Parts WC Facilities
  • Recessed Lighting
  • Hardwood Floors
  • Air Conditioning

Public Transportation

Commuter RailDriveWalkDistance
Montclair (San Bernardino Line - Southern California Regional Rail Authority (Metrolink)) 3 min - 1.2 mi
Claremont (San Bernardino Line - Southern California Regional Rail Authority (Metrolink)) 5 min - 2.5 mi
AirportDriveWalkDistance
Ontario International 11 min - 7.1 mi
John Wayne/Orange County 46 min - 37.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 164
Type: Surface
Included in Rent: Yes
Oliver Liu 909-979-0207 Universal Elite, Inc
Oliver Liu 909-979-0207 Universal Elite, Inc