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Montebello Shopping Center 413 W Whittier Blvd 8,252 SF 100% Leased Retail Building Montebello, CA 90640 For Sale



INVESTMENT HIGHLIGHTS
- OWNER-USER OR INVESTMENT OPPORTUNITY - Unit 104 is Seller-occupied, with the Seller open to a six-month leaseback to provide transition flexibility
- MARK-TO-MARKET CAPTURE POTENTIAL - Approximately $20,700 of incremental annual NOI achievable through leasing to current market rents
- PROMINENT CORNER LOCATION - Surrounded by national retail anchors including Bank of America, CVS, AT&T, Wells Fargo, and Chevrolet
- DENSE INFILL TRADE AREA WITH ESTABLISHED RETAIL BASE - Nearby grocery, banking, dining, automotive, and entertainment uses support long-term viability
- PARKING AND ACCESS ADVANTAGES - Approximately 15 on-site parking spaces
- E-COMMERCE-RESISTANT TENANT MIX WITH NEAR-TERM UPSIDE - Necessity-based and service-oriented tenants reduce exposure to online retail disruption
EXECUTIVE SUMMARY
Saxum West is pleased to present Montebello Market Center — a well-located neighborhood retail investment positioned on a prominent corner along Whittier Boulevard, one of the primary east–west commercial corridors serving the Gateway Cities and San Gabriel Valley submarkets. The property consists of a single-story, multi-tenant retail plaza totaling approximately 8,252 SF, situated on a 15,526 SF lot with strong street presence, rear parking, and alley access.
Constructed in 1992, the property features six individual retail suites, each with glass storefronts, dedicated restrooms, central HVAC, and rear access—attributes that support long-term tenant retention and operational flexibility. The center benefits from approximately 158 feet of frontage, excellent signage visibility, and consistent vehicular and pedestrian traffic driven by surrounding residential density and nearby national retailers.
The center is fully occupied, with a tenant roster primarily comprised of short-term tenancies, providing near-term flexibility for repositioning and income growth. The tenant mix is service-oriented and largely e-commerce resistant, including medical apparel, automotive parts, apparel, and specialty retail uses, offering durable neighborhood-serving demand. Several tenants have demonstrated long-term occupancy histories, underscoring the location’s importance to their operations. Unit 104 is occupied by the Seller’s automotive parts business, and the Seller is willing to provide up to a six-month leaseback following the close of escrow, if desired.
Montebello Market Center is located within a dense, built-out infill trade area, surrounded by established retail anchors including Bank of America, CVS, AT&T, Wells Fargo, Chevrolet, BLVD Market, and other national and regional retailers. The property also benefits from ongoing residential and mixed-use investment activity throughout the surrounding submarket.
This offering presents an attractive opportunity for investors seeking durable neighborhood retail income, conservative in-place operations, and long-term value preservation in a supply-constrained Los Angeles County submarket. The property is equally compelling for an owner-user seeking prominent Whittier Blvd exposure with supplemental rental income.
Constructed in 1992, the property features six individual retail suites, each with glass storefronts, dedicated restrooms, central HVAC, and rear access—attributes that support long-term tenant retention and operational flexibility. The center benefits from approximately 158 feet of frontage, excellent signage visibility, and consistent vehicular and pedestrian traffic driven by surrounding residential density and nearby national retailers.
The center is fully occupied, with a tenant roster primarily comprised of short-term tenancies, providing near-term flexibility for repositioning and income growth. The tenant mix is service-oriented and largely e-commerce resistant, including medical apparel, automotive parts, apparel, and specialty retail uses, offering durable neighborhood-serving demand. Several tenants have demonstrated long-term occupancy histories, underscoring the location’s importance to their operations. Unit 104 is occupied by the Seller’s automotive parts business, and the Seller is willing to provide up to a six-month leaseback following the close of escrow, if desired.
Montebello Market Center is located within a dense, built-out infill trade area, surrounded by established retail anchors including Bank of America, CVS, AT&T, Wells Fargo, Chevrolet, BLVD Market, and other national and regional retailers. The property also benefits from ongoing residential and mixed-use investment activity throughout the surrounding submarket.
This offering presents an attractive opportunity for investors seeking durable neighborhood retail income, conservative in-place operations, and long-term value preservation in a supply-constrained Los Angeles County submarket. The property is equally compelling for an owner-user seeking prominent Whittier Blvd exposure with supplemental rental income.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$170,400
|
$20.65
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$8,520
|
$1.03
|
| Effective Gross Income |
$161,880
|
$19.62
|
| Taxes |
$36,875
|
$4.47
|
| Operating Expenses |
$19,072
|
$2.31
|
| Total Expenses |
$55,947
|
$6.78
|
| Net Operating Income |
$105,933
|
$12.84
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $170,400 |
| Annual Per SF | $20.65 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $8,520 |
| Annual Per SF | $1.03 |
| Effective Gross Income | |
|---|---|
| Annual | $161,880 |
| Annual Per SF | $19.62 |
| Taxes | |
|---|---|
| Annual | $36,875 |
| Annual Per SF | $4.47 |
| Operating Expenses | |
|---|---|
| Annual | $19,072 |
| Annual Per SF | $2.31 |
| Total Expenses | |
|---|---|
| Annual | $55,947 |
| Annual Per SF | $6.78 |
| Net Operating Income | |
|---|---|
| Annual | $105,933 |
| Annual Per SF | $12.84 |
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Sale Leaseback
Property Type
Building Size
8,252 SF
Building Class
B
Year Built
1992
NOI
$106,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.53
Lot Size
0.36 AC
Zoning
MNC2* - General Commercial (C-2)
Parking
15 Spaces (1.82 Spaces per 1,000 SF Leased)
Frontage
158’ on Whittier Blvd
AMENITIES
- Corner Lot
- Restaurant
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
- Smoke Detector
Walk Score®
Very Walkable (87)
Bike Score®
Very Bikeable (85)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 6349-004-023 | Total Assessment | $1,080,340 |
| Land Assessment | $330,919 | Annual Taxes | $36,875 ($4.47/SF) |
| Improvements Assessment | $749,421 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
6349-004-023
Land Assessment
$330,919
Improvements Assessment
$749,421
Total Assessment
$1,080,340
Annual Taxes
$36,875 ($4.47/SF)
Tax Year
2025
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Montebello Shopping Center | 413 W Whittier Blvd
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