Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1981
Sq.Footage
N/A
We are proud to present a unique, versatile investment at 2516-2524 W Beverly Blvd, Montebello, CA. Spanning an impressive +/-22,420 SF lot, this prime commercial property sits at the signalized intersection of W Beverly Blvd and N Hay Street, offering three-way access, high visibility, over 250 feet of frontage, high visibility, and 24 striped parking spaces. The site includes two structures: a +/-3,225 SF multi-tenant retail building (fully leased month-to-month) and a second +/-6,750 SF building with warehouse, office, and retail components, including a loading dock and mezzanine. The property can be delivered fully vacant, making it ideal for an owner-user or developer. With its flexible C2 zoning, subject property has potential for a variety of uses, including medical office, retail, mixed-use, office, and multifamily. Build up to 128 units as an 100% affordable housing project, or potentially more by applying the Density Bonus Law, using the site's Corridor designation. Once implemented, the Montebello 2040 General Plan will allow 1-4-story buildings, 40-60 units per acre, and FARs of up to 2.0 (buyer to verify). Permitted uses in C2 zoning include medical office, professional and general office, and retail, as well as service stations and automobile sales yards subject to conditional use permits. The property is ideally located at the high-traffic, signalized intersection of W Beverly Boulevard and N Hay Street in Montebello, one of Los Angeles County's most densely populated cities. Positioned along Montebello's primary commercial corridor, W Beverly Boulevard sees over 33,600 vehicles per day, offering excellent visibility and exposure for any future use. The surrounding area is home to a diverse mix of national retailers, including Top Golf, Albertsons, Best Buy, Ross Dress for Less, CVS, Smart & Final, LA Fitness, Vons, Marshalls, Super A Foods, McDonald's, Starbucks and Weinerschnitzel, drawing consistent consumer traffic. With over 96,000 residents within a one-mile radius and more than 567,000 within three miles, the property is situated in a thriving trade area that supports a wide range of commercial, residential, and mixed-use developments. Additionally, the site offers convenient access to major Southern California freeways, including the I-5, I-405, and I-710, making it easily accessible from across the region. APN #5268-024-015 and 5268-024-016.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Pool
No
Area & Lot
-
Lot Features
Corner Lot
-
Lot Size(acres)
0.5147
-
Property Type
Commercial Sale
Price
-
Sales Price
$3,350,000
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Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
1
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Location
County
Los Angeles
Elementary School
Middle School
High School
Listing Courtesy of Oron Maher , Maher Commercial Realty
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