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413 W Whittier Blvd
Montebello, CA 90640
Retail Property For Sale
Investment Highlights
- Mixed Use
- Long term tenants with high rental income
- City Downtown Specific Plan area
Executive Summary
Mixed-Use! Mixed-Use in Montebello Downtown Specific Plan!! Prime location of a highly desirable and affluent area. 6 units of retail plaza are located at the signalized corner of Whittier Blvd. & 5th St. Each individual unit is equipped with its own private restroom. This is the “Golden Area” in Downtown Montebello. High identity and high visibility. 157 feet frontage facing a busy main street, Heavy traffic flows bring in large numbers of patrons and high volumes of buyers. The property was constructed in 1992 with modern stylish and high quality. Within walking distance to supermarkets & many other upscale commercial establishments. Rent income is $168,000 per year! The long-term tenants with the highly stable rental income. There are 15 parking lots at the rear of the property. Do not let this great opportunity pass you by.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Building Size
8,252 SF
Building Class
B
Year Built
1992
Price
$3,929,209 CAD
Price Per SF
$476.15 CAD
Cap Rate
5.09%
NOI
$199,907 CAD
Percent Leased
63%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.53
Lot Size
0.36 AC
Zoning
Mixed Use - Mixed Use
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
Property Taxes
| Parcel Number | 6349-004-023 | Improvements Assessment | $1,037,941 CAD |
| Land Assessment | $458,319 CAD | Total Assessment | $1,496,260 CAD |
Property Taxes
Parcel Number
6349-004-023
Land Assessment
$458,319 CAD
Improvements Assessment
$1,037,941 CAD
Total Assessment
$1,496,260 CAD
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