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    2516-2524 Beverly Blvd Montebello, CA 90640

    • Office Properties & Spaces
    • 1 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 2516-2524 Beverly Blvd

    Property size
    1 SF
    Property type
    Office Properties & Spaces

    Description

    This exceptional commercial property, located at 2516-2524 W Beverly Blvd, Montebello, CA 90640, presents a significant investment opportunity. The 22,500 square foot lot boasts a prime corner location at the intersection of Beverly Boulevard and Hay Street, offering high visibility and accessibility. Currently zoned for general commercial use, the property is vacant, facilitating a smooth transition to development. The site offers the potential to construct up to 81 residential units, including 40 one-bedroom/one-bath (600 sq ft each), 21 two-bedroom/two-bath (900 sq ft each), and 20 three-bedroom/two-bath (1100 sq ft each) units. Surface parking is proposed to reduce construction costs. A key feature is the inclusion of 40 units dedicated to low-income housing, potentially increasing allowable density. The property's strategic location provides easy access to major freeways (5, 10, and 110), public transportation, and nearby attractions such as the Montebello Country Club and Citadel Outlets. The asking price is $3,650,000, with a projected cap rate of 6.00%. This property offers a unique blend of development potential and strong location advantages within a vibrant community featuring a mix of residential, commercial, and recreational amenities. Three-way access further enhances its appeal. This is a Class C, traditional office building with a 100% vacancy rate. The square footage is between 1,000 and 10,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Montebello
    County
    Los Angeles
    State
    California
    Longitude
    -118.13
    Latitude
    34.0211

    Comparable in this City

    • Value Estimation
      $2,820,000
      14,607 SF

      420 Montebello Blvd

      OFFICE BUILDING • 14,607 SF
      420 Montebello Blvd, Montebello, CA 90640-4268
      View Details
    • Value Estimation
      $2,470,000
      7,550 SF

      8105 Slauson Ave

      OFFICE BUILDING • 7,550 SF
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      View Details
    • Value Estimation by Request
      1,248 SF

      719 Un St

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      719 Un St, Montebello, CA 90640-6520
      View Details
    • Value Estimation
      $935,000
      5,190 SF

      2101 Beverly Blvd

      PROFESSIONAL BUILDING • 5,190 SF
      2101 Beverly Blvd, Montebello, CA 90640-3951
      View Details
    • Value Estimation
      $2,705,000
      8,270 SF

      709 Beverly Blvd

      PROFESSIONAL BUILDING • 8,270 SF
      709 Beverly Blvd, Montebello, CA 90640-3600
      View Details
    • Value Estimation
      $2,260,000
      11,876 SF

      1417 Beverly Blvd

      OFFICE BUILDING • 11,876 SF
      1417 Beverly Blvd, Montebello, CA 90640-4123
      View Details

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    Montebello, CA 90640
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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