829 Washington BlvdMontebello, CA 90640

  • Office properties
  • 1,495 SF
For Sale
$2,000,000 View listing

Property Details for 829 Washington Blvd

Year built
1940
Construction
WOOD
Lot size
0.69 AC
Property size (Sq ft)
1,495 SF
Zone code
MNCM*
Property type
Office properties
Property subtype
Office buildings
APN
6352-007-050
APU
6352007050

Description

This exceptional 1,495 square foot commercial land parcel, located at 829 Washington Blvd in Los Angeles County, presents a compelling redevelopment opportunity. The property boasts a total buildable area of 30,126 square feet, offering significant potential for a variety of commercial ventures. Its strategic location ensures high visibility and accessibility, benefiting from substantial traffic counts of 34,827 vehicles annually (2022 data). The site is zoned for heavy commercial use, providing flexibility for diverse development plans. The property features 220 single-phase power, simplifying utility connections. This single-tenant property is further enhanced by the availability of owner financing, making it an attractive investment proposition for qualified buyers. This is a rare chance to acquire a centrally located, high-traffic commercial land parcel with significant upside potential in a thriving Los Angeles County market. The SBA approved status adds another layer of investment security. Don't miss this opportunity to secure a prime piece of Los Angeles real estate.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $429,493
    6.5%
    $396,455
    7%
    $368,137
  • Comparable approach

    Method
    Valuation
    Relative Method
    $284,289
    Geo Method
    $284,289
  • Alternative Use

    Use
    Valuation
    Residential
    $491,605
    Hospitality
    $450,307
    Educational
    $374,650
    Medical
    $387,535
    Retail
    $582,789
829 Washington Blvd, Montebello, California

Location Insight

City
Montebello
County
Los Angeles
State
California
Latitude
33.9938
Longitude
-118.118
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
$12,947
$771,772
$117,825
$889,597
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-
-
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