3311 Beverly BlvdMontebello, CA 90640
- Retail properties
- 2,500 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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