Flex Space with
1521 West Olympic Boulevard, Montebello, CA 90640
For Sale
Contact for pricing
The industrial facility supports warehouse, distribution, light manufacturing, and flexible commercial uses.
Property Size10,000 SF
Lot Size0.85 Acres
Price / SF$240
Days on Market32
Property Features for 1521 West Olympic Boulevard
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Outdoor Storage
Building Details
Buildings
Building Size
Listing Agency:
Major Properties
Listed By:
Jamie Kennedy · License CA #02426913
(412) 589-2751
Source:
Crexi
Added: Oct 14
Changed: Nov 8
Last Checked: Nov 12 at 7:30AM
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 Major Properties
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Investment Insights
Based on property information with market context.
This flex property includes an approximately 10,000 SF building on approximately 37,000 SF of land. The building and land are offered together, with the site suited to warehouse, distribution, light manufacturing, or flex use.
At 1521 West Olympic Boulevard in Montebello, the property is two blocks south of Whittier Boulevard, midway between Garfield Avenue and Montebello Boulevard. It is 1 1/2 miles south of the 60 Freeway and 2 miles east of the I-5 Freeway.
At 1521 West Olympic Boulevard in Montebello, the property is two blocks south of Whittier Boulevard, midway between Garfield Avenue and Montebello Boulevard. It is 1 1/2 miles south of the 60 Freeway and 2 miles east of the I-5 Freeway.
Key Highlights
- Approximately 10,000 SF building on approximately 37,000 SF of land
- Building and land must be purchased together
- Two blocks south of Whittier Blvd, between Garfield Ave and Montebello Blvd
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$130,119
Cap Rate
5.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,602,380
$2.6M
Cap Rate 7%
$1,858,843
$1.9M
Cap Rate 9%
$1,445,767
$1.4M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$160.8K $16.08/SF
− Vacancy
−$7.7K −$0.77/SF
EGI
$153.1K $15.31/SF
− OpEx
−$23.0K −$2.30/SF
NOI
$130.1K $13.01/SF
Area
Los Angeles County, CA
Vacancy
4.80%
Lease Rate
$16.08 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,602,380
Cap Rate 7%
$1,858,843
Cap Rate 9%
$1,445,767
Alternative Uses
Best Use
Warehouse
$1.86M
$1.63M – $2.17M
NOI $130,119 @ 7.0% cap · market cap 5.42%
Second Best
Industrial
$1.67M
$1.46M – $1.95M
NOI $116,861 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$5.35M
$4.68M – $6.25M
NOI $374,777 @ 7.0% cap · market cap 15.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,254
Businesses Nearby
Under-served
Demand for This Use
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
$660,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Los Angeles County, CA
Properties on Market for Flex space in Los Angeles County
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- S & A Wholesale Caterers — 730 S Maple Ave, Montebello, CA 90640
- Pacific Cater Truck Manufacturing — 855 Truck Way, Montebello, CA 90640
- Kebab King Caterers — Montebello, CA 90640
- Food Haus After Dark — 408 N Maple Ave apt b, Montebello, CA 90640
Frequently Asked Questions
What type of property is this?
Flex space - The industrial facility supports warehouse, distribution, light manufacturing, and flexible commercial uses.
Where is this flex space located?
The property is located at 1521 West Olympic Boulevard Montebello, CA.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Approximately 10,000 SF building on approximately 37,000 SF of land; Building and land must be purchased together; Two blocks south of Whittier Blvd, between Garfield Ave and Montebello Blvd
