1605 Beach StMontebello, CA 90640

Property Details for 1605 Beach St

Year built

1964

Construction

TILT-UP CONCRETE

Lot size

1.52 AC

Property size (Sq ft)

26,400 SF

Zone code

MNM-1*

Property type

Warehouses

APN

6353-013-021

APU

6353013021

Description

This exceptional industrial property, located at 1605 Beach St, Montebello, CA 90640, presents a significant opportunity. The property encompasses a substantial 26,400 square feet of warehouse space, situated on a generous 1.52-acre lot. The property features two buildings constructed in 1964, offering a total of 26,400 square feet of vacant space, perfect for a single tenant. The warehouse boasts a desirable 16-foot ceiling height, providing ample vertical space for storage and operations. Loading and unloading are facilitated by five loading docks and two dock-high doors, ensuring efficient logistics. Ample parking is available with 18 spaces on-site. The property is zoned M1 and has an APN of 6353013021 within Los Angeles County's AIR - Commerce/Vernon submarket. The power supply is 1200V (with other voltage and amperage details to be determined). The property is conveniently located near the cross streets of S Vail Ave and Beach St. This property is ready for immediate occupancy and presents a rare opportunity for businesses seeking a large, well-equipped warehouse in a prime industrial location. The property's size, features, and location make it an attractive investment prospect.

• CAP approach

  CAP return

  Valuation

  6%

  $16,093,800

  6.5%

  $14,855,800

  7%

  $13,794,700

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,032,360

  Geo Method

  $8,032,360

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $7,767,790

  Mixed-Use / Specialty

  $7,858,140

  Hospitality / Lodging

  $5,918,960

  Office

  $7,934,410

  Institutional / Educational

  $8,211,490

  Residential Income

  $9,607,440

  Multifamily

  $10,868,200

  Automotive / Energy

  $7,038,420

  Parking / Income-Based Land

  $2,312,250

  Restaurant / Food Service

  $4,339,010

  Healthcare / Senior Housing

  $7,937,320

Location Insight

City

Montebello

County

Los Angeles

State

California

Latitude

34.0012

Longitude

-118.123

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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