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3311 Beverly Blvd Montebello, CA 90640-1536

OFF-MARKET Retail space Google Maps
2,500 SF 0.05 ac lot Built 1948
Entity Owned 7-yr Hold Free & Clear
Estimated value (blended)
$295k
Range $266k – $325k (±10%)
Property ID US10-0329136

Property summary

AI-generated overview

This exceptional commercial property, located at 3311 W Beverly Blvd in Montebello, California, presents a unique investment opportunity. The 2,500 square foot building, built in 1948, sits on a 2,286 square foot lot and is zoned MNC2*. The property's versatile design allows for a variety of uses, including office, industrial, and retail, making it ideal for a diverse range of businesses. The asking price is $550,000, translating to $220 per square foot. Its convenient location in Montebello offers excellent access to Beverly Boulevard and the 60 Freeway, ensuring easy commutes and strong visibility. The property's adaptable interior layout provides flexibility for customization to suit specific business needs. With its prime location and versatile space, this property represents a compelling investment opportunity in a thriving area. The Assessor's Parcel Number (APN) is 6342-005-030. This is a rare chance to acquire a well-situated commercial property in the heart of Montebello. The net rentable square footage is 2,500 square feet.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1948
Construction TILT-UP CONCRETE
Total area 2,500 SF
Lot 0.05 ac (2,286 SF)
Zoning code MNC2*
APN 6342-005-030
UPID US10-0329136

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$295k

Owner & transaction history

since 2019
6 recorded transactions
2024
Price N/A
2019
Price N/A
2018
Price N/A
2018
$300,000
2015
$265,000
1967
Price N/A

Zoning & alternative use

MNC2* · Montebello, CA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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