490-498 N Garfield Ave - Storefront Retail/Office FOR SALE


Montebello, CA 90640
$1,950,000 USD
213-800-2969
490-498 N Garfield Ave, Montebello, CA for Sale
$1,950,000 USD
Storefront Retail/Office - FOR SALE
1/25
null | 6.8% Cap Rate

490-498 N Garfield Ave
Montebello, CA 90640


HIGHLIGHTS

  • Fully Occupied Mixed-Use Asset – 8,350 SF property with 6 units, including 4 commercial and 1 residential unit and a bonus space.
  • Strong In-Place Income – Approximately $184,800 in current annual gross income with a 6.8% cap rate & 8.4% Proforma CAP.
  • Value-Add Opportunity – Potential to improve expense recovery through future lease restructuring.
  • High-Visibility Location – Situated near the busy intersection of N Garfield Ave and W Beverly Blvd with excellent visibility and strong traffic expos
  • Prime Infill Market – Positioned within the established Montebello market near residential and commercial demand drivers.
  • Convenient Regional Access – Located near major transportation corridors, neighborhood retail, the 60 Freeway, and Topgolf.

OVERVIEW

490–498 N Garfield Ave is a fully occupied, 6-tenant neighborhood retail and office strip center located in the heart of Montebello. Situated on a 10,090 sq. ft. parcel, the property features approximately 7,500 sq. ft. of building area improved with four single-story commercial units, an attached two-story residential unit, and a bonus space. The asset offers open surface parking and direct frontage along N Garfield Ave, ideally located near the busy intersection of N Garfield Ave and W Beverly Blvd. The center is 100% leased to a diversified mix of retail, office, and residential tenants—including tax services, a sign company, and massage and beauty suites. This multi-tenant rent roll provides investors with steady, diversified income while minimizing exposure to single-tenant risk. Supported by a gross lease structure and a strong in-place annual base rental income of $182,400, this prized asset represents an exceptional opportunity to acquire a stabilized Montebello commercial property with durable local demand and immediate cash flow. Additionally, an upside potential through NNN lease conversion at rollover. Located within one of Los Angeles’ most active and densely populated submarkets, the property benefits from an infill position surrounded by single-family and multifamily housing, daily-needs amenities, and vibrant food and beverage corridors—creating a built-in, consistent customer base.

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$254 USD /SF

CAP RATE

6.8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1956

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

MNC2

APN/PARCEL ID

6343-005-034

ASK ABOUT THIS PROPERTY

Arthur YoonRedpoint RealtyMore Info
213-800-2969

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Arthur YoonRedpoint RealtyMore Info
213-800-2969

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