2516 W Beverly Boulevard, Montebello, CA, 90640

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$3,350,000
32 Days On Site

2516 W Beverly Boulevard
Montebello, CA 90640

For Sale|Commercial Sale|Active
0
Beds
0
Total Baths
9,975
SqFt
$336
/SqFt
1981
Built
County:
Los Angeles
Listed by Oron Maher of Maher Commercial Realty [email protected]
2516 W Beverly Boulevard2516 W Beverly Boulevard2516 W Beverly Boulevard2516 W Beverly Boulevard
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Monthly Payment (Est.)

$15,284
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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.

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Listing Snapshot
Price 
$3,350,000
Days On Site 
32 Days
Bedrooms 
N/A
Inside Area (SqFt) 
9,975 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.5147 Acres
Year Built 
1981
MLS® Number 
25594703
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
a month agoListing updated with changes from the MLS®
a month agoListing first seen on site
General Features
Acres 
0.5147
Number Of Stories 
1
Parking Spaces 
24
Special Circumstances 
Standard
SqFt Total 
9975
Zoning 
C-2
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Exterior Features
Lot Features 
Corner Lot
Community Features
MLS Area 
674 - Montebello


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
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