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2435-2441 W Beverly Blvd 6,306 SF 42% Leased Retail Building Montebello, CA 90640 $1,175,000 ($186.33/SF) 9.06% Cap Rate
Executive Summary
This is the deal of year! Priced well below fair-market value. Performa 9.06% cap rate at $1.50/SF/Mo or $18/SF/Yr NNN! Area average is $2/SF/Mo NNN. Building to be delivered vacant at close of escrow. This is perfect for any growing business that needs office/retail space and additional rental income. Qualified for SBA financing if owner uses 51% of total GLA or more with 10% - 25% down. This may be cheaper than leasing and a great investment. This is also perfect for 1031 exchange investors seeking value add opportunity. Stabilize the property with good credit tenants at $1.50/SF NNN and at 6.50% cap rate the property value jumps to a value over $1.63M. Discover the value/equity with good tenants. Don't miss out on this deal!
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
6,306 SF
Building Class
C
Year Built
1959
Price
$1,175,000
Price Per SF
$186.33
Cap Rate
9.06%
NOI
$106,455
Percent Leased
42%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.52
Lot Size
0.28 AC
Zoning
C2, Montebello - Commercial
Parking
11 Spaces (1.74 Spaces per 1,000 SF Leased)
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 2441 A-B
- 3,660 SF
- Retail
- End Cap
- Now
| Space | Size | Space Use | Position | Available |
| 2441 A-B | 3,660 SF | Retail | End Cap | Now |
2441 A-B
| Size |
| 3,660 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
Walk Score®
Very Walkable (80)
Nearby Major Retailers
Property Taxes
| Parcel Number | 6343-007-040 | Improvements Assessment | $189,404 |
| Land Assessment | $864,169 | Total Assessment | $1,053,573 |
Property Taxes
Parcel Number
6343-007-040
Land Assessment
$864,169
Improvements Assessment
$189,404
Total Assessment
$1,053,573
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2435-2441 W Beverly Blvd
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