602 Whittier BlvdMontebello, CA 90640

Property Details for 602 Whittier Blvd

Year built

1922

Construction

TILT-UP CONCRETE

Lot size

0.14 AC

Property size (Sq ft)

4,945 SF

Zone code

MNC2*

Property type

Retail space

APN

6346-027-001

APU

6346027001

Description

This exceptional Montebello retail property offers a rare opportunity to acquire a high-visibility commercial center. Comprising three parcels at 602, 604, and 608 Whittier Boulevard, the property boasts a substantial 9,770 square feet of usable space situated on a large 0.31-acre lot (13,295 square feet). The property features 12 convenient parking spaces located at the rear, providing ample customer parking. Its prime location on Whittier Boulevard ensures high traffic volume, with hundreds of cars passing daily, maximizing exposure for any business. The property's design allows for potential warehouse use, with a convenient back entrance ideal for loading and distribution. A large billboard sign offers additional advertising potential, further enhancing visibility and brand awareness. The property enjoys a strategic location near Montebello Boulevard, within walking distance of several established businesses including Wells Fargo, Alondra Hot Wings, Angry Horse Brewing, April's Cakes, and Blvd MRKT Restaurant. The area is experiencing growth, with recent nearby construction including the Montebello Barnyard Zoo and the Shops at Montebello Mall. This versatile property presents numerous possibilities for a wide range of commercial ventures. The seller is highly motivated, making this a truly compelling investment opportunity in a thriving Montebello location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,576,240

  6.5%

  $1,454,990

  7%

  $1,351,060

• Comparable approach

  Method

  Valuation

  Relative Method

  $977,955

  Geo Method

  $977,955

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,782,650

  Mixed-Use / Specialty

  $1,471,910

  Hospitality / Lodging

  $1,108,680

  Office

  $1,486,200

  Institutional / Educational

  $1,538,100

  Residential Income

  $1,799,580

  Multifamily

  $2,035,730

  Automotive / Energy

  $1,318,370

  Parking / Income-Based Land

  $433,108

  Restaurant / Food Service

  $812,743

  Healthcare / Senior Housing

  $1,486,750

Location Insight

City

Montebello

County

Los Angeles

State

California

Latitude

34.0099

Longitude

-118.106

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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