490-498 N Garfield Ave - Office/Residential FOR SALE


Montebello, CA 90640
$2,300,000 USD
562-881-6695
490-498 N Garfield Ave, Montebello, CA for Sale
$2,300,000 USD
Office/Residential - FOR SALE
1/10
null | 5.79% Cap Rate

490-498 N Garfield Ave
Montebello, CA 90640


HIGHLIGHTS

  • 100% Occupied Mixed-Use Property – Consisting of 2 Residential Units and 4 Commercial Units
  • Strong In-Place Cap Rate of 5.78% – Attractive current cash flow for investors
  • Value-Add Opportunity – Potential to increase NOI by converting existing Gross Leases to NNN or Modified Gross
  • Upside Through Expense Recovery – Opportunity to recapture operating expenses and improve long-term returns

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$275 USD /SF

CAP RATE

5.79%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Storefront Retail/Office, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1956

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

R1M

APN/PARCEL ID

6343-005-034

ASK ABOUT THIS PROPERTY

David HongUrban Real EstateMore Info
562-881-6695

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David HongUrban Real EstateMore Info
562-881-6695

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