Office Medical

3275 Tweedy Blvd

3275 Tweedy Blvd, South Gate, CA 90280

Listing Price: $995,000

Cap Rate
6.02%
Gross SF
3,091
Rentable SF
3,091
Price/Gross SF
$321.90
Occupancy
100.0%
Year Built
1957
Lot Size
0.17 acres

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale 3275 Tweedy Boulevard, a 3,091 square foot, corner location, Owner-User Medical building located just East of State Street and west of California Avenue in the center of the gentrifying neighborhood of South Gate, CA. The surrounding demographic has a median household income of $49,117. As one of the densest neighborhoods in LA County, South Gate has a population of over 94,000 residences. Ideally located along Tweedy Blvd, the property benefits from high daily traffic counts of over 25,000 vehicles. The subject property offers excellent frontage and visibility, benefiting from 75 feet of frontage along Firestone. 3275 Tweedy Blvd offers the unique opportunity to acquire a well-located medical property with flexibility in usages. The 3,091 square foot site, was formerly utilized as a doctor’s office and law firm and is situated with enough parking (8) to allow any medical user to occupy. Located on one of the main thoroughfares in South Gate, this property is an ideal location for any owner-user opportunity. There are over 111,000 people within a 2-mile radius of the property and over 440,000 within a 5-mile radius. The subject property boasts a walk score of 70 making this a very walkable and bikeable location with direct access to transit. The property is located next door to Victoria Elementary School, and down the street from both South East Middle School & South East Highschool. As development picks up in the neighborhood, the Los Angeles City Council has adopted a resolution that authorizes the sale of $32.6 million in bonds to finance the second phase of the Jordan Downs redevelopment down the street. The full Jordan Downs Master Plan calls for the development of more than 1400 units across the 100-acre site, which originally became low-income housing in the 1950s. A full buildout will also extend Century Boulevard east through the property to connect with Almeda Street, and also provide new neighborhood-serving businesses such as a grocery store.

Investment Highlights

  • 3,091 square feet of ground floor medical space
  • 8 parking spaces allow for a multitude medical uses
  • Approximately $72,792,000 spent on Medical Services in 2019 in South Gate

Exclusively Listed By

Listing Price: $995,000

Cap Rate
6.02%
Gross SF
3,091
Rentable SF
3,091
Price/Gross SF
$321.90
Occupancy
100.0%
Year Built
1957
Lot Size
0.17 acres

Investment Highlights

  • 3,091 square feet of ground floor medical space
  • 8 parking spaces allow for a multitude medical uses
  • Approximately $72,792,000 spent on Medical Services in 2019 in South Gate

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale 3275 Tweedy Boulevard, a 3,091 square foot, corner location, Owner-User Medical building located just East of State Street and west of California Avenue in the center of the gentrifying neighborhood of South Gate, CA. The surrounding demographic has a median household income of $49,117. As one of the densest neighborhoods in LA County, South Gate has a population of over 94,000 residences. Ideally located along Tweedy Blvd, the property benefits from high daily traffic counts of over 25,000 vehicles. The subject property offers excellent frontage and visibility, benefiting from 75 feet of frontage along Firestone. 3275 Tweedy Blvd offers the unique opportunity to acquire a well-located medical property with flexibility in usages. The 3,091 square foot site, was formerly utilized as a doctor’s office and law firm and is situated with enough parking (8) to allow any medical user to occupy. Located on one of the main thoroughfares in South Gate, this property is an ideal location for any owner-user opportunity. There are over 111,000 people within a 2-mile radius of the property and over 440,000 within a 5-mile radius. The subject property boasts a walk score of 70 making this a very walkable and bikeable location with direct access to transit. The property is located next door to Victoria Elementary School, and down the street from both South East Middle School & South East Highschool. As development picks up in the neighborhood, the Los Angeles City Council has adopted a resolution that authorizes the sale of $32.6 million in bonds to finance the second phase of the Jordan Downs redevelopment down the street. The full Jordan Downs Master Plan calls for the development of more than 1400 units across the 100-acre site, which originally became low-income housing in the 1950s. A full buildout will also extend Century Boulevard east through the property to connect with Almeda Street, and also provide new neighborhood-serving businesses such as a grocery store.

Exclusively Listed By

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