Three-Unit Office
For Sale
Contact for pricing
3511 W Beverly Blvd, Montebello, CA 90640
A 3,000 SF office building divided into three 1,000 SF units, suited for owner-occupancy or investor leasing.
Property Size3,000 SF
Price / SF$366.67
Days on Market56
Property Features for 3511 W Beverly Blvd
General Information
Standard status
Active
Size
3,000 SF
Class
C
Property subtype
Retail, Office
Zoning
MNC2
Investment Type
Owner/User
Additional Details
Office Units
3
Building Details
Year Built
1948
Stories
1
Units
3
Tenancy
Multi
Listing Agency:
Paul Kott Realtors, Inc.
Listed By:
Wally Courtney · License #CA 00859144
Source:
Crexi
Added: Jun 20
Changed: Aug 8
Last Checked: Aug 11 at 7:38AM
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 Paul Kott Realtors, Inc.
Investment Insights
Based on property information with market context.
This offering is a 3,000 SF office building that has been recently divided into three separate 1,000 SF units. The property is designed to support flexible use, including the ability to occupy any one unit or the full building. As described in the materials, the units are configured with walls that are removable, which can allow a buyer to consolidate space if desired. The floor plan provided is for the middle unit, while the other two units are currently under month-to-month tenancy.
The building is located at 3511 W. Beverly Blvd, Montebello, CA 90640. The seller indicates that showings require contacting the listing agent. The current tenant structure should be considered when planning occupancy timelines.
For owner-users, this layout offers a straightforward path to occupy a single unit while retaining the option to expand later by combining spaces. For investors, the building provides multiple income-producing units with two of the three units operating on month-to-month terms, and the third unit available for potential ownership use depending on how the buyer intends to utilize the property.
The building is located at 3511 W. Beverly Blvd, Montebello, CA 90640. The seller indicates that showings require contacting the listing agent. The current tenant structure should be considered when planning occupancy timelines.
For owner-users, this layout offers a straightforward path to occupy a single unit while retaining the option to expand later by combining spaces. For investors, the building provides multiple income-producing units with two of the three units operating on month-to-month terms, and the third unit available for potential ownership use depending on how the buyer intends to utilize the property.
Key Highlights
- 3,000 SF office building built in 1948
- Recently divided into three 1,000 SF office units
- Two units have month‑to‑month tenants
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
$65,578
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
5.96%
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%
$1,311,560
$1.3M
Cap Rate 7%
$936,829
$936.8K
Cap Rate 9%
$728,644
$728.6K
Market Conditions
NOI Build-Up for 3,000 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
$115.2K $38.40/SF
− Vacancy
−$27.8K −$9.25/SF
EGI
$87.4K $29.15/SF
− OpEx
−$21.9K −$7.29/SF
NOI
$65.6K $21.86/SF
Area
Los Angeles County, CA
Vacancy
24.10%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
25.00%
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%
$1,311,560
Cap Rate 7%
$936,829
Cap Rate 9%
$728,644
Alternative Uses
Best Use
Office B
$936.8K
$819.7K – $1.09M
NOI $65,578 @ 7.0% cap · market cap 5.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.61M
$1.41M – $1.87M
NOI $112,433 @ 7.0% cap · market cap 10.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Office units
Location Intelligence
Trade Area within ½ mile
1,232
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 - A 3,000 SF office building divided into three 1,000 SF units, suited for owner-occupancy or investor leasing.
Where is this office units located?
The property is located at 3511 W Beverly Blvd Montebello, CA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 3,000 SF office building built in 1948; Recently divided into three 1,000 SF office units; Two units have month‑to‑month tenants
