Fully Occupied Mixed-Use
For Sale
Contact for pricing
490-498 North Garfield Ave, Montebello, CA 90640
Fully occupied asset combining residential units with commercial space under existing gross leases.
Property SizeContact for details
Days on Market157
Property Features for 490-498 North Garfield Ave
General Information
Standard status
Active
Property subtype
Retail
Occupancy
100%
Additional Details
Cap Rate
5.78%
Multifamily Units
2
Building Details
Tenancy
Multi
Listing Agency:
Urban Real Estate, Inc.
Listed By:
Steven Jung · License #02001109
Source:
Crexi
Added: Mar 30
Changed: Sep 1
Last Checked: Sep 1 at 4:36AM
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 Urban Real Estate, Inc.
Investment Insights
Based on property information with market context.
This mixed-use property at 490-498 North Garfield Ave in Montebello, California, includes two residential units and four commercial units. The property is reported at 100% occupancy, creating a combination of residential and commercial tenancy within one asset. Existing commercial agreements use a gross lease structure, providing a clearly defined framework for current operations.
The property is associated with a 5.78% cap rate based on its in-place income. Its unit mix and established occupancy offer a straightforward profile for ownership seeking both residential and commercial components in the same property.
The property is associated with a 5.78% cap rate based on its in-place income. Its unit mix and established occupancy offer a straightforward profile for ownership seeking both residential and commercial components in the same property.
Key Highlights
- Two residential units and four commercial units
- 100% occupied mixed‑use property
- 5.78% cap rate
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,460
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 Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully occupied asset combining residential units with commercial space under existing gross leases.
Where is this mixed-use property located?
The property is located at 490-498 North Garfield Ave Montebello, CA.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Two residential units and four commercial units; 100% occupied mixed‑use property; 5.78% cap rate
