Urban Real Estate is pleased to present 490–498 N. Garfield Ave, Montebello, a 100% occupied mixed-use investment property comprised of 2 residential units and 4 commercial units in a strong, up-and-coming trade area.
The asset currently offers an attractive 5.78% cap rate, supported by stable in-place income and full occupancy. In addition to its current yield, the property presents meaningful value-add potential through future lease repositioning. The existing commercial leases are currently structured as gross leases, creating an opportunity for new ownership to transition terms toward NNN or expense-recovery structures, which may increase net operating income over time.
With a desirable location, reliable tenant occupancy, and upside through improved lease economics, this property is well positioned for investors seeking both immediate cash flow and long-term appreciation potential.