3311 Beverly BlvdMontebello, CA 90640

  • Retail properties
  • 2,500 SF
For Sale
$550,000 View listing

Property Details for 3311 Beverly Blvd

Year built
1948
Construction
TILT-UP CONCRETE
Lot size
0.05 AC
Property size (Sq ft)
2,500 SF
Zone code
MNC2*
Property type
Retail properties
Property subtype
Retail space
APN
6342-005-030
APU
6342005030

Description

This exceptional commercial property, located at 3311 W Beverly Blvd in Montebello, California, presents a unique investment opportunity. The 2,500 square foot building, built in 1948, sits on a 2,286 square foot lot and is zoned MNC2*. The property's versatile design allows for a variety of uses, including office, industrial, and retail, making it ideal for a diverse range of businesses. The asking price is $550,000, translating to $220 per square foot. Its convenient location in Montebello offers excellent access to Beverly Boulevard and the 60 Freeway, ensuring easy commutes and strong visibility. The property's adaptable interior layout provides flexibility for customization to suit specific business needs. With its prime location and versatile space, this property represents a compelling investment opportunity in a thriving area. The Assessor's Parcel Number (APN) is 6342-005-030. This is a rare chance to acquire a well-situated commercial property in the heart of Montebello. The net rentable square footage is 2,500 square feet.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,055,778
    6.5%
    $974,564
    7%
    $904,952
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,198,008
    Geo Method
    $1,198,008
  • Alternative Use

    Use
    Valuation
    Residential
    $822,081
    Hospitality
    $753,022
    Educational
    $626,506
    Medical
    $648,052
    Retail
    $974,564
3311 Beverly Blvd, Montebello, California

Location Insight

City
Montebello
County
Los Angeles
State
California
Latitude
34.0239
Longitude
-118.14
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
$5,208
$284,346
$65,617
$349,963
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-
-
-

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