Log In/Sign Up
Your email has been sent.
490-498 N Garfield Ave 8,350 SF 100% Leased Office Building Montebello, CA 90640 For Sale
Investment Highlights
- 100% Occupied Mixed-Use Property – Consisting of 2 Residential Units and 4 Commercial Units
- Value-Add Opportunity – Potential to increase NOI by converting existing Gross Leases to NNN or Modified Gross
- Strong In-Place Cap Rate of 5.78% – Attractive current cash flow for investors
- Upside Through Expense Recovery – Opportunity to recapture operating expenses and improve long-term returns
Executive Summary
ALL OFFERS CONSIDERED — Motivated Seller | Offer Deadline: June 19, 2026
Urban Real Estate is pleased to present 490–498 N. Garfield Ave., a fully occupied 8,350 SF mixed-use asset comprising 4 commercial units, 1 residential unit, and an additional bonus space, generating a current gross annual income of $184,800. This stabilized property offers diversified, day-one cash flow with meaningful upside potential through NNN lease conversion at rollover — all with zero lease-up risk.
Serious buyers are encouraged to act quickly. The seller has removed the asking price and will review all offers — this is your chance to define value on a fully leased, income-producing asset. Offers are due by June 19, 2026.
For rent roll, financials, or to schedule a showing, all inquiries are welcome.
Urban Real Estate is pleased to present 490–498 N. Garfield Ave., a fully occupied 8,350 SF mixed-use asset comprising 4 commercial units, 1 residential unit, and an additional bonus space, generating a current gross annual income of $184,800. This stabilized property offers diversified, day-one cash flow with meaningful upside potential through NNN lease conversion at rollover — all with zero lease-up risk.
Serious buyers are encouraged to act quickly. The seller has removed the asking price and will review all offers — this is your chance to define value on a fully leased, income-producing asset. Offers are due by June 19, 2026.
For rent roll, financials, or to schedule a showing, all inquiries are welcome.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
8,350 SF
Building Class
C
Year Built
1956
NOI
$133,066
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
8,350 SF
Slab To Slab
10’
Building FAR
1.13
Lot Size
0.17 AC
Zoning
R1M
Parking
10 Spaces (1.2 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Line
1 1
Moderately walkable
70/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 6343-005-034 | Improvements Assessment | $240,367 |
| Land Assessment | $584,171 | Total Assessment | $824,538 |
Property Taxes
Parcel Number
6343-005-034
Land Assessment
$584,171
Improvements Assessment
$240,367
Total Assessment
$824,538
1 of 11
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
