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917 Whittier Blvd 24,800 SF 44% Leased Retail Building Montebello, CA 90640 $4,499,999 ($181.45/SF)
INVESTMENT HIGHLIGHTS
- Owner/User Opportunity for a Banquet Hall Operator
EXECUTIVE SUMMARY
PRICE REDUCTION! 917 W. Whittier Boulevard located in the heart of the City of Montebello also known as the Montebello Ballroom. This historic venue, constructed in 1927, was originally an Odd Fellows lodge before being transformed into the Montebello Ballroom. The second level consists of two Ballrooms that occupy and operate as the Montebello Ballroom (Owner-User). The Grand Ballroom can accommodate up to 350 guests for dinner, including seating in the balcony area, while maintaining a spacious dance floor. There is also a smaller banquet hall that can accommodate over 150 guests. The property features seven ground-level units that collectively generate approximately $7,500 per month in rental income. The three-story building encompasses a total area of 24,800 square feet on an 11,000 sq. ft. lot, with 86 feet of frontage on Whittier Blvd. Its strategic location at a signalized intersection with multiple points of ingress and egress offers excellent visibility and accessibility, making it a valuable asset in Montebello's commercial landscape.
PROPERTY FACTS In Escrow
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
24,800 SF
Building Class
C
Year Built
1927
Price
$4,499,999
Price Per SF
$181.45
Percent Leased
44%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
2.08
Lot Size
0.27 AC
Zoning
MNC2* - Tr=1653 Ex Of St Lot 2
Frontage
86’ on W. Whittier Blvd
AMENITIES
- Bus Line
- Corner Lot
- Food Court
- Restaurant
- Signage
- Signalized Intersection
Walk Score®
Walker's Paradise (91)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 6350-005-027 | Improvements Assessment | $281,941 |
| Land Assessment | $943,911 | Total Assessment | $1,225,852 |
PROPERTY TAXES
Parcel Number
6350-005-027
Land Assessment
$943,911
Improvements Assessment
$281,941
Total Assessment
$1,225,852
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917 Whittier Blvd
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