Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    477 Washington Blvd Montebello, CA 90640-6216
    Back to Search
    Property profile & analytics

    477 Washington Blvd, Montebello, CA 90640-6216

    View on Map
    • Retail space
    • 8,777 SF
    • 0.45 lot acres
    Off-Market
    Property ID
    US09-6412326
    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.
    Value Estimations
    $1,925,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • El Cochito Sinaloense / Restaurant
    • Don Chamorron / Restaurant
    • Mariscos La Zota Estilo Sinaloa / Restaurant

    Property Details for 477 Washington Blvd

    Year built
    1986
    Construction
    WOOD
    Lot size
    0.45 lot acres
    Zone code
    MNC2YY
    Property type
    Retail space
    APN
    6352-024-067
    APU
    6352024067

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 3, 2019 $1,625,000 I & C Washington LLC Lee Family Trust Grant Deed —
    Apr 18, 2013 — Lee Family Trust Lee,te C Quit Claim Deed · related —
    Nov 3, 2008 — Lee Chen Tony Chen Lee Intrafamily Transfer · related $250k · Wells Fargo Bank NA
    Jan 15, 2002 $700,000 Tony T Lee Kim,dong H & Ae K Grant Deed $490k · Far East National Bank
    May 7, 2001 $565,000 Dong H Kim Maghbouleh,babak & Katayoun J Grant Deed $345k · California Center Bank
    May 13, 1998 — Martinez,antonio L & Flora L Co- Martinez,a L & F L Quit Claim Deed · related —
    Dec 23, 1997 $525,000 Babak Maghbouleh International Bank Grant Deed $415k · International Bank
    Mar 19, 1997 $450,000 International Bank Mar,martin & Lucille L Trustees Deed · related —
    May 31, 1990 $1,050,000 Martin Mar Ho Michael T Grant Deed $660k · International Bank
    Mar 18, 1988 $870,000 Michael T Ho Excha Trustees Deed $566k · Sanwa Bank California
    Mar 18, 1988 $410,000 Serv Exchange Hause Trustees Deed · related —
    — — Martin Mar — Deed Of Trust · related $80k · Eastern International Bank
    — — Tony T Lee — Deed Of Trust · related $429k · Guaranty Bank California

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,349,000
      Market price range: $562k - $1.86M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $2,525,000
      Current use
      WAREHOUSE, STORAGE
      $2,580,000
      Change: +2% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $2,385,000
      Change: -6% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $2,380,000
      Change: -6% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Montebello
    County
    Los Angeles
    State
    California
    Longitude
    -118.114
    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
    $28,508
    $1,093,645
    $683,527
    $1,777,172
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.10 Acres

      Montebello, CA 90640

      RETAIL STORES (PERSONAL SERVICES)
      Montebello, CA 90640
      View Details
    • Value Estimation
      $6,660,000
      35,962 SF

      1125 Washington Blvd

      RETAIL STORES (PERSONAL SERVICES)
      1125 Washington Blvd, Montebello, CA 90640-6011
      View Details
    • Value Estimation by Request
      1,202 SF

      2414 Whittier Blvd

      RETAIL STORES (PERSONAL SERVICES)
      2414 Whittier Blvd, Montebello, CA 90640-3041
      View Details
    • Value Estimation by Request
      1,400 SF

      2407 Beverly Blvd

      RETAIL STORES (PERSONAL SERVICES)
      2407 Beverly Blvd, Montebello, CA 90640-2305
      View Details
    • Value Estimation
      $1,210,000
      6,181 SF

      1009 Beverly Blvd

      RETAIL STORES (PERSONAL SERVICES)
      1009 Beverly Blvd, Montebello, CA 90640-4138
      View Details
    • Value Estimation
      $3,675,000
      15,438 SF

      1000 Beverly Blvd

      RETAIL STORES (PERSONAL SERVICES)
      1000 Beverly Blvd, Montebello, CA 90640-4139
      View Details

    Similar Nearby for Sale

    • $250,000
      1,400 SF

      Montebello Retail Business Opportunity

      Established business on Washington Boulevard with high check cashing volume.
      1129 Washington Blvd, Montebello, CA 90640
      View Details
    • Contact for pricing
      3,847 SF

      Montebello Multi-Tenant Commercial Property

      Multi-tenant retail and office property in Montebello, California.
      2601 W Beverly Blvd, Montebello, CA 90640
      View Details
    • $2,850,000

      Montebello Mixed-Use Retail Plaza

      Retail plaza in desirable area with high visibility and income.
      413 W Whittier Blvd, Montebello, CA 90640
      View Details
    • $650,000
      1,400 SF

      Liquor Store Business & Real Estate

      Established liquor store with check cashing business and real estate.
      1129 Washington Blvd, Montebello, CA 90640
      View Details
    • Contact for pricing

      San Gabriel Valley Retail Center

      7,266 SF retail center in the heart of San Gabriel.
      208-224 W Beverly Blvd, Montebello, CA 90640
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Corner Lot in Montebello

      Large corner lot near future train station, ideal for development.
      524 Washington Blvd, Montebello, CA 90640
      View Details
    • Contact for pricing

      Retail Space on Whittier Boulevard

      Retail space available for rent at corner location.
      201 Whittier Blvd W, Montebello, CA 90640
      View Details
    • Contact for pricing
      68,412 SF

      Montebello Warehouse with Solar Power

      New warehouse with offices, solar power, and flexible layout.
      133 Van Norman Rd, Montebello, CA 90640
      View Details
    • Contact for pricing
      44,566 SF

      Freeway Frontage Warehouse in Montebello

      Refurbished warehouse with offices, yard, and freeway frontage.
      7101 Telegraph Rd, Montebello, CA 90640
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    477 Washington Blvd
    Montebello, CA 90640-6216
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    477 Washington Blvd, Montebello, CA, 90640
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!