3329 W Beverly Blvd, Montebello, CA 90640

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 investor.