Office/Retail Space with Versatile
For Sale
Contact for pricing
Pending
104 W Whittier Blvd, Montebello, CA 90640
Well-maintained office and storefront space with a spacious, flexible layout for multiple business uses.
Property Size2,432 SF
Days on Market195
Property Features for 104 W Whittier Blvd
General Information
Standard status
Pending
Size
2,432 SF
Class
C
Property subtype
Office, Retail
Zoning
C2
Occupancy
57%
Lease Type
Gross
Investment Type
Owner/User
Building Details
Year Built
1961
Year Renovated
2025
Buildings
1
Stories
1
Units
7
Tenancy
Multi
Listing Agency:
New Vision Commercial
Listed By:
Kerel Sharfner · License #02248013
Source:
Crexi
Added: Feb 22
Changed: Sep 2
Last Checked: Sep 2 at 9:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of New Vision Commercial
Investment Insights
Based on property information with market context.
This property at 104 W Whittier Blvd is a well-maintained office and storefront building offering a spacious, versatile interior layout. The space is presented as a flexible “blank canvas,” suited to a range of business concepts based on a tenant’s buildout and operating needs.
Located in a commercial area in Montebello, the property benefits from a convenient location on W Whittier Blvd, with the seller describing strong visibility within the surrounding retail and business corridor.
For sale and configured to support multiple types of uses, this is a straightforward ownership opportunity for an investor or owner-operator looking for an adaptable commercial space.
Located in a commercial area in Montebello, the property benefits from a convenient location on W Whittier Blvd, with the seller describing strong visibility within the surrounding retail and business corridor.
For sale and configured to support multiple types of uses, this is a straightforward ownership opportunity for an investor or owner-operator looking for an adaptable commercial space.
Key Highlights
- Year built: 1961
- Well‑maintained office and storefront space
- Spacious, flexible layout suited for multiple business uses
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$53,807
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.52%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,076,140
$1.1M
Cap Rate 7%
$768,671
$768.7K
Cap Rate 9%
$597,856
$597.9K
Market Conditions
NOI Build-Up for 2,432 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$82.3K $33.84/SF
− Vacancy
−$5.4K −$2.23/SF
EGI
$76.9K $31.61/SF
− OpEx
−$23.1K −$9.48/SF
NOI
$53.8K $22.12/SF
Area
Los Angeles County, CA
Vacancy
6.60%
Lease Rate
$33.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,076,140
Cap Rate 7%
$768,671
Cap Rate 9%
$597,856
Alternative Uses
Best Use
Retail
$768.7K
$672.6K – $896.8K
NOI $53,807 @ 7.0% cap · market cap 6.52%
Second Best
Office B
$759.5K
$664.5K – $886.0K
NOI $53,162 @ 7.0% cap · market cap 6.44%
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $91,146 @ 7.0% cap · market cap 11.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,234
Businesses Nearby
Explore this area
Business Placement
Demographics for 90640, CA
62,678
Population
20,438
Households
3.1
Avg Household Size
38
Median Age
22%
College-Educated
74%
High-School Grad
8.3 sq mi
ZIP Area
7,552
Density / Sq Mi
$74,833
Median Household Income
$37,983
Median Earnings
$1,771
Median Rent
$660,600
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Well-maintained office and storefront space with a spacious, flexible layout for multiple business uses.
Where is this office units located?
The property is located at 104 W Whittier Blvd Montebello, CA.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Year built: 1961; Well‑maintained office and storefront space; Spacious, flexible layout suited for multiple business uses
