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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    405 Washington Blvd Montebello, CA 90640-6216

    • Retail properties
    • 2,400 SF
    • 0.13 lot acres
    OFF-MARKET
    Last Sale
    May 17, 2023
    $975,000
    Value Estimations
    $840,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-0327734
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Sparkle Cleaners / Leather Cleaning Service

    Property Details for 405 Washington Blvd

    Year built
    1962
    Construction
    WOOD
    Lot size
    0.13 lot acres
    Property size
    2,400 SF
    Zone code
    MNC2*
    Property type
    Retail properties
    APN
    6352-024-042
    APU
    6352024042

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $825,000
      ML approach
      $930,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $887,000
      Market price range: $401k - $1.17M

    • Alternative Use

      Use
      Estimation
      SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING)
      $780,000
      Current use
      AUTO REPAIR, GARAGE
      $1,110,000
      Change: +43% Conversion: Difficult
      MEDICAL BUILDING
      $1,090,000
      Change: +40% Conversion: Difficult
      WAREHOUSE, STORAGE
      $705,000
      Change: -9% Conversion: Difficult
      RETAIL STORES
      $690,000
      Change: -11% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $650,000
      Change: -16% Conversion: Difficult
      OFFICE BUILDING
      $630,000
      Change: -19% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Montebello
    County
    Los Angeles
    State
    California
    Longitude
    -118.113
    Latitude
    33.9923
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $8,930
    $418,200
    $163,200
    $581,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $315,000
      4,964 SF

      888 Garfield Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 4,964 SF
      888 Garfield Ave, Montebello, CA 90640-1607
      View Details
    • Value Estimation
      $445,000
      3,285 SF

      3015 Beverly Blvd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 3,285 SF
      3015 Beverly Blvd, Montebello, CA 90640-2214
      View Details
    • Value Estimation
      $355,000
      2,432 SF

      1915 Whittier Blvd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 2,432 SF
      1915 Whittier Blvd, Montebello, CA 90640-4008
      View Details
    • Value Estimation by Request
      251,489 SF

      Montebello Blvd & Paramount Blvd

      Lifestyle centers • 251,489 SF
      0 Montebello Blvd & Paramount Blvd, Montebello, CA 90640
      View Details
    • Value Estimation by Request
      137,688 SF

      1345 Montebello Blvd

      DEPARTMENT STORE • 137,688 SF
      1345 Montebello Blvd, Montebello, CA 90640-2585
      View Details
    • Value Estimation
      $340,000
      5,040 SF

      1530 Olympic Blvd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 5,040 SF
      1530 Olympic Blvd, Montebello, CA 90640-5014
      View Details

    Similar Nearby for Sale

    • $2,200,000
      8,350 SF

      Montebello Mixed-Use Investment

      8,350 SF, 6-unit, high-traffic location.
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    • $2,695,000
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      Montebello Retail Center - High Visibility

      Prime Retail Space, 9,770 SF, 0.31 Acres
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    • $8,750,000
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      Multi-Tenant Building in Montebello

      21,600 SF multi-tenant building with upside potential.
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      2,500 SF

      Montebello Retail/Car Wash Investment Opportunity

      High-traffic location with strong revenue potential in a thriving commercial zone.
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      Historic Montebello Ballroom For Sale

      Historic ballroom and retail property in Montebello, California.
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      Montebello Mixed-Use Property For Sale

      Mixed-use property with commercial space and upgraded apartment.
      2517 W Beverly Blvd, Montebello, CA 90640
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      44,503 SF

      Paved Lot with Security

      1.02 acre paved lot with 24/7 security.
      1112 W Olympic Blvd, Montebello, CA 90640
      View Details
    • $0.68 SF/Yr
      79,040 SF

      Paved, Fenced Trailer Storage Yard

      Paved and fenced trailer storage yard with freeway access.
      1700 S Greenwood Ave, Montebello, CA 90640
      View Details
    • Contact for pricing
      251,489 SF

      Montebello Town Square Retail Space

      Prime Montebello retail space available. High traffic, great location.
      0 Montebello Blvd & Paramount Blvd, Montebello, CA 90640
      View Details
    • Contact for pricing
      41,916 SF

      Paved Storage Yard with Building

      Large paved storage yard with industrial and CTU buildings.
      1120 S Maple Ave, Montebello, CA 90640
      View Details
    • $19 SF/Yr
      37,860 SF

      Garmar Plaza Retail Center

      Montebello, CA Strip Mall Opportunity
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      View Details
    • $1.08 SF/Yr
      13,860 SF

      Montebello Warehouse and Office Space

      Mix of office and warehouse space with freeway access.
      501-507 Washington Blvd, Montebello, CA 90640
      View Details
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    Montebello, CA 90640-6216
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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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