Greenwood Plaza Infill w/ Cash Flow Upside 1200-1228 S Greenwood Ave 26,303 SF 73% Leased Retail Building Montebello, CA 90640 $10,684,480 CAD ($406.21 CAD/SF) 3.69% Cap Rate

The Ovaness Rostamian Group of Marcus & Millichap is pleased to present Greenwood Plaza, a compelling value-add neighborhood shopping center located in the heart of Montebello, adjacent to the City of Commerce. The property is anchored by a diverse mix of daily-needs and service-oriented tenants that generate consistent customer traffic and provide a stable, diversified income stream.
Greenwood Plaza offers investors an attractive opportunity to acquire a well-located retail asset with both in-place cash flow and meaningful upside potential. Through the continued lease-up of vacant space and completion of strategic capital improvements, investors have the ability to enhance revenue and achieve a projected 6.75% pro forma cap rate.
The property occupies a highly visible signalized corner location with approximately 362 feet of frontage along South Greenwood Avenue, providing excellent exposure, multiple signage opportunities, and convenient ingress and egress. Positioned along a major commercial corridor with traffic counts exceeding 22,000 vehicles per day and immediate access to Interstate 5, the center benefits from strong visibility and regional accessibility throughout Southeast Los Angeles.
Ownership has invested significant capital into the asset, including improvements to the roof, HVAC systems, exterior paint, and landscaping, helping reduce near-term capital expenditure requirements. Additionally, 62 on-site parking spaces provide ample parking and convenience for both tenants and customers.
The investment is further supported by exceptional market fundamentals. More than 612,000 residents reside within a five-mile radius, with average household incomes exceeding $96,000 and annual household retail expenditures of more than $80,000. Combined with the area's dense population base, strong employment drivers, and supply-constrained retail environment, Greenwood Plaza is well positioned for long-term income growth, value creation, and investment stability.