3311 Beverly BlvdMontebello, CA 90640

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 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.

• 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

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