1200-1228 S Greenwood Ave - Retail FOR SALE


Montebello, CA 90640
$7,720,000 USD
818-823-0832
1200-1228 S Greenwood Ave, Montebello, CA for Sale
$7,720,000 USD
Retail - FOR SALE
1/11
null | 3.69% Cap Rate

1200-1228 S Greenwood Ave
Montebello, CA 90640


HIGHLIGHTS

  • Strong daily-needs tenant mix provides stable income, diversified cash flow, and consistent customer traffic.
  • Value-add opportunity through lease-up and improvements offers a path to a 6.75% pro forma cap rate.
  • Prime Montebello location near Commerce serves a dense population base and substantial daytime workforce.
  • Signalized corner site with 362' of frontage, excellent visibility, multiple signage points, and easy access.
  • Positioned on a major corridor with 22,000+ CPD, immediate I-5 access, and strong regional connectivity.
  • Recent upgrades, ample parking, and 612,000+ residents within 5 miles support long-term tenant demand.

OVERVIEW

The Ovaness Rostamian Group of Marcus & Millichap is pleased to present Greenwood Plaza, a compelling value-add neighborhood shopping center located in the heart of Montebello, adjacent to the City of Commerce. The property is anchored by a diverse mix of daily-needs and service-oriented tenants that generate consistent customer traffic and provide a stable, diversified income stream. Greenwood Plaza offers investors an attractive opportunity to acquire a well-located retail asset with both in-place cash flow and meaningful upside potential. Through the continued lease-up of vacant space and completion of strategic capital improvements, investors have the ability to enhance revenue and achieve a projected 6.75% pro forma cap rate. The property occupies a highly visible signalized corner location with approximately 362 feet of frontage along South Greenwood Avenue, providing excellent exposure, multiple signage opportunities, and convenient ingress and egress. Positioned along a major commercial corridor with traffic counts exceeding 22,000 vehicles per day and immediate access to Interstate 5, the center benefits from strong visibility and regional accessibility throughout Southeast Los Angeles. Ownership has invested significant capital into the asset, including improvements to the roof, HVAC systems, exterior paint, and landscaping, helping reduce near-term capital expenditure requirements. Additionally, 62 on-site parking spaces provide ample parking and convenience for both tenants and customers. The investment is further supported by exceptional market fundamentals. More than 612,000 residents reside within a five-mile radius, with average household incomes exceeding $96,000 and annual household retail expenditures of more than $80,000. Combined with the area's dense population base, strong employment drivers, and supply-constrained retail environment, Greenwood Plaza is well positioned for long-term income growth, value creation, and investment stability.

FOR SALE DETAILS

PRICE

$7,720,000 USD

PRICE/SF

$294 USD /SF

CAP RATE

3.69%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Greenwood Plaza Infill w/ Cash Flow Upside

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Restaurant, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

81

LAND DETAILS

LAND ACRES

2.03 AC

LAND SF

88,216 SF

ZONING

MNC2

APN/PARCEL ID

6354004035

ASK ABOUT THIS PROPERTY

Ara RostamianMarcus & MillichapMore Info
818-823-0832

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Ara RostamianMarcus & MillichapMore Info
818-823-0832

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.