2617 Beverly BlvdMontebello, CA 90640

Property Details for 2617 Beverly Blvd

Year built

1949

Construction

WOOD

Lot size

0.12 AC

Property size (Sq ft)

6,770 SF

Zone code

MNC2*

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

6343-005-009

APU

6343005009

Description

This exceptional Montebello office building presents a unique investment opportunity. Located at 2617 Beverly Boulevard, this two-story property boasts a substantial 6,949 square feet of space, ideal for a variety of uses. The current configuration includes a welcoming reception area, numerous private offices catering to individual needs, efficient cubicle workspaces, dedicated meeting rooms for collaborative sessions, a convenient kitchenette, and a large, adaptable multipurpose room. The property's versatility is further enhanced by its MNC2 zoning, permitting both retail and office operations. Parking is abundant, with 12 surface parking spaces and 6 secure private garage spaces ensuring convenient access for employees and clients. The property also includes a distinct advantage: a detached one-bedroom, one-bathroom apartment, offering additional income potential or staff housing. The building is equipped with four separate electrical meters, providing efficient utility management. The property sits on a 0.12-acre lot. All information provided is believed to be accurate but should be independently verified by the buyer. Prospective buyers are strongly encouraged to conduct their own due diligence, including verification of building information, amenities, permits, allowed uses, square footage, and the accuracy of all details presented. This includes confirmation with appropriate licensed professionals. This property offers a compelling blend of functionality, location, and potential, making it an attractive proposition for discerning investors and businesses alike.

• CAP approach

  CAP return

  Valuation

  6%

  $1,944,930

  6.5%

  $1,795,320

  7%

  $1,667,082

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,287,383

  Geo Method

  $1,287,383

• Alternative Use

  Use

  Valuation

  Residential

  $2,226,196

  Hospitality

  $2,039,184

  Educational

  $1,696,577

  Medical

  $1,754,925

  Retail

  $2,639,120

Location Insight

City

Montebello

County

Los Angeles

State

California

Latitude

34.0208

Longitude

-118.132

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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