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Property profile & analytics
OFF-MARKET
Estimated value
$2,015,000
Office buildings
229 Beverly Blvd Montebello, CA 90640-3776
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0335037
Property summary
AI-generated overview
This exceptional 6,251 square foot free-standing medical building presents a unique investment opportunity in the thriving city of Montebello, California. Situated on a substantial 1.2364-acre lot at 229 Beverly Boulevard, this property enjoys a highly visible location on a busy street with significant foot traffic, ensuring excellent exposure and accessibility. Currently configured as an eye care clinic, the building features multiple well-maintained offices, offering flexibility for a variety of medical or professional uses. The sale includes only the real estate
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1987
Construction
WOOD
Total area
6,251 SF
Lot
0.28 ac (12,360 SF)
Zoning code
MNC2*
APN
6347-001-033
UPID
US10-0335037
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Mailan Tran Physician
-
Azul Vision Montebello Eye Care Center Ophthalmology Clinic
-
POONAM VARSANI Physician
-
Scott Lee Physician
-
Parisa Jalalat Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.24M
Comparable Approach
Comparable
$2.35M
Blend (final)
Blend
$2.02M
Owner & transaction history
229 Beverly Mob LLC · 1 yrs held
229 Beverly Mob LLC
since 2025
7 recorded transactions
Zoning & alternative use
MNC2* · Montebello, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.9M
+76.1%
Medical building
$2.8M
+73.1%
Warehouse, storage
$1.8M
+11.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Montebello submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Montebello submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,430,000
6.5%
$2,240,000
7%
$2,080,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,640,000
Current use
AUTO REPAIR, GARAGE
$2,890,000
Change: +76% · Conversion: Difficult
MEDICAL BUILDING
$2,840,000
Change: +73% · Conversion: Easy
WAREHOUSE, STORAGE
$1,835,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$1,800,000
Change: +10% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,695,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$2.02M
Range $1.81M – $2.22M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$322 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$31,729
Tax year 2024
Assessed value
$2,187,288
Assessed 2024
Previous assessed
$2,187,288
+0.0% YoY
Effective rate
1.45%
On assessed value
Assessed land
$1,531,102
Assessed improvement
$656,186
Applied tax rate
6.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1987
Construction
WOOD
Heating
NONE
Cooling
OTHER
Stories
1
Units
5
Total area
6,251 SF
Lot
0.28 ac (12,360 SF)
Zoning code
MNC2*
APN
6347-001-033
UPID
US10-0335037
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
MNC2* · Montebello, CA
Zoning MNC2* · permitted uses
MNC2* · Montebello, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Montebello. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$2.9M
MEDICAL BUILDING
Est. value
$2.8M
WAREHOUSE, STORAGE
Est. value
$1.8M
RETAIL STORES
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.7M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
WAREHOUSE, STORAGE
RETAIL STORES
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1987
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Units
5
Lot
0.28 ac
Current owner
From public records · entity-resolved
229 Beverly Mob LLC
Entity
Mailing address
1595 E 17TH ST, SANTA ANA, CA 92705-8506
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2025
$2,300,000
229 Beverly Mob LLC
229 E Beverly LLC
Grant Deed
$1,725,000 · Pacific Premier Bank
Dec 23, 2022
—
229 E Beverly LLC
—
Deed
related
$442,902 · Jpmorgan Chase Bank NA
Jan 3, 2019
$2,000,000
229 E Beverly LLC
Gervel S Sampson
Grant Deed
$2,000,000 · Jpmorgan Chase Bank NA
Oct 23, 2007
—
Sampson R & G S Living Trust
Sampson,reginald & Gervel S
Quit Claim Deed
related
—
Jan 28, 2005
—
Reginald Sampson
Sampson,reginald
Quit Claim Deed
related
$854,000 · Greenpoint Mortgage Funding
Apr 14, 1989
$25,000
Reginald Sampson
Unknown
Grant Deed
—
—
—
Sampson,r & G Living Trust
—
Deed Of Trust
related
$1,575,000 · Optum Bank INC Optum Bank INC
—
—
Reginald Sampson
—
Deed Of Trust
related
$203,000 · Leon A King
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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