Bought with Juliet Mcnaughton • Sigma Realty
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Key Details
Sold Price $790,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 3,418 sqft
Price per Sqft $231
MLS Listing ID CRPW24135484
Sold Date 07/30/24
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1949
Lot Size 5,174 Sqft
Property Description
We are excited to present the property located at 3329 W. Beverly Blvd., Montebello CA 90640. Located in the heart of Montebello, California, this rare mixed-use property offers boundless potential. The property boasts a two-story building spanning 3,418 sq ft, built in 1949, nestled on a generous 5,174 sq ft double lot. The bottom floor is retail/office and the top floor is a 3 bedroom 1 bath apartment waiting to be renovated, 7 parking spaces, which includes 2 garage spots. A value-add opportunity that presents an enticing prospect for owner/users or savvy investors/developers targeting a potential 6.50% CAP rate. Strategically positioned on a busy thoroughfare with a daily vehicle count surpassing 33,000, this property commands unparalleled visibility and accessibility. It stands as a prime investment opportunity for discerning individuals seeking premium real estate. Situated in the thriving city of Montebello, it offers a coveted blend of retail, office, and residential possibilities, embodying the quintessential California dream of living, working, and investing in the dynamic Los Angeles metro area. With quick access from the Pomona (60 FWY) and Long Beach (710 FWY) freeways and minutes from Downtown Los Angeles, makes this a great location for any business owner or invest
Location
State CA
County Los Angeles
Interior
Fireplace No
Building
Water Public
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