Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    524 Washington Blvd Montebello, CA 90640

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $4,200,000

    0.5261-acre commercial lot zoned for retail use.

    Lot size:
    0.53 Acres

    Property Features for 524 Washington Blvd

    General Information

    Lot size
    0.53 Acres

    We can help!

    Listing Contact
    Gilbert Morales
    Source: Elliman

    Listing Agent: Gilbert Morales

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Commercial Lot in Montebello

    This commercial lot, located at 524 Washington Blvd. in Montebello, CA, is available for sale. The property spans 0.5261 acres and is zoned for General Commercial Retail use. Existing utilities are available on the site. The lot includes two small buildings: a former restaurant and a shed, which is currently used as a security and leasing office. The lot dimensions are approximately 100.50 ft x 223.49 ft. The surrounding area features a mix of businesses, particularly in the trucking and logistics sectors, alongside residential neighborhoods. The property is sold as-is.
    Location Intelligence

    Current Use by Public Records

    McDonald's Fast Food Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Montebello
    County
    Los Angeles
    State
    California
    Longitude
    -118.114199
    Latitude
    33.9935504

    Nearby Similar for Sale

    • $1,750,000
      6,066 SF

      Multifamily Investment Opportunity in Montebello

      Six units plus unpermitted studio on a corner lot.
      601 North Garfield Ave, Montebello, CA 90640
      View Details
    • $850,000
      2,263 SF

      Montebello Triplex For Sale

      Income-producing triplex in Montebello with cash flow and equity potential.
      416 W Cleveland Ave, Montebello, CA 90640
      View Details
    • $1,500,000
      2,500 SF

      Mixed-Use Building in Montebello

      Mixed-use property with retail/office space and residential unit.
      3527 W Beverly Blvd, Montebello, CA 90640
      View Details
    • $2,120,000
      5,986 SF

      Montebello Multifamily Investment Opportunity

      Well-maintained 6-unit multifamily property in North Montebello.
      616 Via Altamira, Montebello, CA 90640
      View Details
    • $1,199,900
      2,850 SF

      Montebello Mixed-Use Property For Sale

      Mixed-use property with commercial space and upgraded apartment.
      2517 W Beverly Blvd, Montebello, CA 90640
      View Details
    • $6,788,888
      24,506 SF

      Montebello Multifamily Investment Opportunity

      30-unit multifamily property with significant rental upside in Montebello, CA.
      524 N Poplar Ave, Montebello, CA 90640
      View Details
    • New
      $5,600,000
      Pending

      Spacious Montebello Multifamily Investment

      16-unit apartment complex in Montebello with strong income potential.
      862 W Mines Ave, Montebello, CA 90640
      View Details
    • $1,268,000
      2,927 SF

      Remodeled Duplex with ADU

      Modernized duplex with permitted ADU, ideal for income or living.
      805 S 10Th St, Montebello, CA 90640
      View Details
    • $1,699,000
      4,036 SF

      Remodeled Triplex with ADU

      Turnkey triplex with bonus ADU in prime Montebello location.
      219 S Greenwood Ave, Montebello, CA 90640
      View Details
    • $4,100,000
      24,800 SF

      Historic Montebello Ballroom For Sale

      Historic ballroom and retail property in Montebello, California.
      917 W Whittier Blvd, Montebello, CA 90640
      View Details
    • $550,000
      1,180 SF

      Montebello Commercial Property with Income Potential

      Commercial property with storefront, apartments, parking, and redevelopment potential.
      2322 W Whittier Blvd, Montebello, CA 90640
      View Details
    • $650,000
      1,400 SF

      Liquor Store Business & Real Estate

      Established liquor store with check cashing business and real estate.
      1129 Washington Blvd, Montebello, CA 90640
      View Details

    FAQs

    What type of property is this?
    Commercial land - 0.5261-acre commercial lot zoned for retail use.
    Where is this commercial land located?
    The property is located at 524 Washington Blvd Montebello, CA.
    What is the asking price?
    The asking price for this property is $4,200,000.
    What are key features of this property?
    This property features: - Zoned for General Commercial Retail use.; - .5261-acre lot in Montebello, CA.; - Existing utilities on the property.
    (714) 330-3108
    Request Owner's contact information
    524 Washington Blvd Montebello, CA 90640
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    524 Washington Blvd
    Montebello, CA 90640
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    524 Washington Blvd Montebello, CA 90640
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Gilbert Morales
    Real Estate License ID: 01784182
    (714) 330-3108
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.