22
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$3,350,000
Est. payment /mo
0.51 Acres Lot
New
2516 W Beverly BLVD Montebello, CA 90640
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25594703
HOA Y/N No
Year Built 1981
Lot Size 0.515 Acres
Property Description
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.
Location
State CA
County Los Angeles
Area 674 - Montebello
Zoning C-2
Interior
Fireplace No
Exterior
Total Parking Spaces 24
Building
Lot Description Corner Lot
Story 1
Others
Tax ID 5268024015
Special Listing Condition Standard
Listed by Oron Maher Maher Commercial Realty
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