Value-Add Retail Center For
For Sale
Contact for pricing
Pending
2900 W Beverly Blvd, Montebello, CA 90640
7-Eleven anchored retail center in Montebello, value-add opportunity.
Property Size6,683 SF
Days on Market170
Property Features for 2900 W Beverly Blvd
General Information
Standard status
Pending
Size
6,683 SF
Property subtype
Retail
Zoning
C2
Occupancy
100%
Investment Type
Value Add
Building Details
Year Built
2003
Buildings
1
Stories
1
Units
4
Listing Agency:
Colliers - Los Angeles - Downtown, California
(213) 532-3284
Listed By:
James Rodriguez · License #CA 01164377
Source:
Crexi
Added: Mar 5
Changed: Aug 8
Last Checked: Jul 24 at 2:46PM
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 Colliers - Los Angeles - Downtown, California
Investment Insights
Based on property information with market context.
The property at 2900 W. Beverly Blvd in Montebello is a retail center anchored by 7-Eleven. This property presents an opportunity to acquire a value-add retail center at a prime signalized intersection. Beverly Blvd is a retail thoroughfare with significant automobile traffic. Garfield Ave provides access to the 60 Freeway and Cantwell-Sacred Heart of Mary High School. The property is shadow-anchored by a Super-A-Foods neighborhood center, which generates foot traffic. The 6,683 square foot property allows an investor to capitalize on income from a mix of retail and service tenants and secure an investment with potential upside by adjusting leases to market rates upon expiration.
Key Highlights
- 7‑Eleven anchored retail center provides a stable tenant base.
- Located at a prime, signalized intersection on Beverly Blvd with high traffic.
- Value‑add opportunity through increasing rents to market rate.
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
$147,859
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
4.06%
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%
$2,957,180
$3.0M
Cap Rate 7%
$2,112,271
$2.1M
Cap Rate 9%
$1,642,878
$1.6M
Market Conditions
NOI Build-Up for 6,683 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
$226.2K $33.84/SF
− Vacancy
−$14.9K −$2.23/SF
EGI
$211.2K $31.61/SF
− OpEx
−$63.4K −$9.48/SF
NOI
$147.9K $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%
$2,957,180
Cap Rate 7%
$2,112,271
Cap Rate 9%
$1,642,878
Alternative Uses
Best Use
Retail
$2.11M
$1.85M – $2.46M
NOI $147,859 @ 7.0% cap · market cap 4.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.58M
$3.13M – $4.17M
NOI $250,464 @ 7.0% cap · market cap 6.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,460
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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - 7-Eleven anchored retail center in Montebello, value-add opportunity.
Where is this shopping center located?
The property is located at 2900 W Beverly Blvd Montebello, CA.
What is the asking price?
The asking price for this property is $3,640,000.
What are key features of this property?
This property features: 7‑Eleven anchored retail center provides a stable tenant base.; Located at a prime, signalized intersection on Beverly Blvd with high traffic.; Value‑add opportunity through increasing rents to market rate.
