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    616 Beverly Blvd Montebello, CA 90640-3624
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    Property profile & analytics

    616 Beverly Blvd, Montebello, CA 90640-3624

    View on Map
    • Office buildings
    • 1,139 SF
    • 0.21 lot acres
    Off-Market
    Last Sale Aug 8, 2024
    $280,000
    Property ID
    US10-0325163
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Yolanda H Olvea Inc / Dental Office
    • Yolanda Herbas Olvea / Dental Office

    Property Details for 616 Beverly Blvd

    Year built
    1937
    Construction
    WOOD
    Lot size
    0.21 lot acres
    Zone code
    MNC1*
    Property type
    Office buildings
    APN
    5269-016-043
    APU
    5269016043

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Montebello
    County
    Los Angeles
    State
    California
    Longitude
    -118.104
    Latitude
    34.0172
    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
    $6,836
    $395,214
    $65,853
    $461,067
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $880,000
      9,332 SF

      3124 Beverly Blvd

      OFFICE BUILDING
      3124 Beverly Blvd, Montebello, CA 90640-2217
      View Details
    • Value Estimation
      $1,405,000
      6,377 SF

      621 Beverly Blvd

      OFFICE BUILDING
      621 Beverly Blvd, Montebello, CA 90640-3623
      View Details
    • Value Estimation by Request
      515 SF

      2641 Beverly Blvd

      OFFICE BUILDING
      2641 Beverly Blvd, Montebello, CA 90640-2309
      View Details
    • Value Estimation
      $8,520,000
      26,058 SF

      1550 Town Ctr Dr

      PROFESSIONAL BUILDING
      1550 Town Ctr Dr, Montebello, CA 90640-2173
      View Details
    • Value Estimation by Request
      864 SF

      121 Van Norman Rd

      OFFICE BUILDING
      121 Van Norman Rd, Montebello, CA 90640-5312
      View Details
    • Value Estimation
      $1,675,000
      8,136 SF

      Montebello, CA 90640

      OFFICE BUILDING
      Montebello, CA 90640
      View Details

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    • Contact for pricing
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      Medical Office Building in Montebello

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      3,847 SF

      Montebello Multi-Tenant Commercial Property

      Multi-tenant retail and office property in Montebello, California.
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      View Details
    • Contact for pricing
      Pending

      Montebello Commercial Property For Sale

      440 sq ft building on 2,533 sq ft lot.
      2320 W Whittier Blvd, Montebello, CA 90640
      View Details
    • $4,425,000
      11,876 SF

      Medical Office Investment Opportunity

      Fully leased medical office building for sale in Montebello.
      1417 W Beverly Blvd, Montebello, CA 90640
      View Details

    Similar Nearby for Lease

    • $3,000 /Mo

      Inviting Office Suite Ready Now

      Thoughtfully designed office suite with included utilities and parking.
      2001 W Beverly Blvd, Montebello, CA 90640
      View Details
    • Contact for pricing
      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
    • 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
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    Montebello, CA 90640-3624
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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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