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    2313 Whittier Blvd Montebello, CA 90640

    Sponsored
    For Lease
    $19 SF/Yr

    Montebello, CA Strip Mall Opportunity

    Lot size:
    37,860 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Garmar Plaza, a single-story, 37,860-square-foot retail center in Montebello, CA, presents a compelling investment opportunity. Located at the highly visible southeast corner of Whittier Blvd and Wilcox Ave, this Class B property boasts 23 suites and ample parking (202 spaces). Built in 1981 and renovated in 2020, the center features a 3,645-square-foot vacant unit (Unit 2313) available for lease, ideal for retail, fitness, office, medical, or restaurant uses. The property benefits from excellent visibility with 400 feet of frontage along Whittier Blvd, creating significant curb appeal and exposure. The center is well-maintained, featuring storefront and pylon signage. The property sits on a 38,362-square-foot lot and is zoned C-2. Current tenants include a diverse mix of businesses, including Auto Zone, Bank of America, and several local businesses. The asking rate for the vacant unit is $1.60 per square foot, plus $0.60 per square foot in NNN charges, with a year-one start rate. The unit will be available December 1, 2024. The property's location in the Commerce/Vernon submarket of Montebello, CA (zip code 90640) provides easy access to major transportation routes. This is a rare opportunity to acquire a well-located, well-maintained retail center with strong tenant occupancy and significant visibility.

    Property Features for 2313 Whittier Blvd

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    37,860 SF
    Class
    B
    Total Rate
    60576

    Building Details

    Year Built/Renovated
    1981/2020
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Unit 2313
    Size
    3,645 SF
    Rate per SF
    $19

    HighLights

    • High‑traffic location with 38,000 cars per day.
    • Excellent visibility with Whittier Blvd frontage and signage opportunities.
    • Strong demographics with high population density.
    • Convenient access to Montebello schools (High, Intermediate, and Adult).
    • Diverse tenant mix offering strong retail synergy.
    • Ample parking with 202 spaces.
    Property Profile Location Intelligence

    Current Use by Public Records

    Los Angeles Muay ... Martial Arts School

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Montebello
    County
    Los Angeles
    State
    California
    Longitude
    -118.12561006903
    Latitude
    34.013814395295

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    FAQs

    What type of property is this?
    Neighborhood center - Montebello, CA Strip Mall Opportunity
    Where is this neighborhood center located?
    The property is located at 2313 Whittier Blvd Montebello, CA.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: High-traffic location with 38,000 cars per day.; Excellent visibility with Whittier Blvd frontage and signage opportunities.; Strong demographics with high population density.
    Request Owner's contact information
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    Realmo Value Estimation

    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.

    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.

    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
    2313 Whittier Blvd Montebello, CA 90640
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