829 Washington BlvdMontebello, CA 90640

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 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.

• 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

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

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