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490-498 N Garfield Ave
Montebello, CA 90640

$2,300,000 USD

Office Residential For Sale  •  8,350 SF

Property Details

  • Property Type Office Residential
  • Total Building Size 8,350 SF
  • Lot Size 0.17 AC
  • Building Class C
  • Year Built 1956
  • Tenancy Multiple
  • Zoning R1M
50 Transit Score
70 Walk Score

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

Property Flyers

Amenities

  • 24 Hour Access
  • Bus Line

Public Transportation

Commuter RailDriveWalkDistance
Montebello/Commerce (Riverside Line - Southern California Regional Rail Authority (Metrolink)) 4 min - 1.4 mi
Commerce (91 Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink)) 8 min - 3.1 mi
AirportDriveWalkDistance
Long Beach (Daugherty Field) 31 min - 20.0 mi
Los Angeles International 35 min - 22.9 mi
Bob Hope 33 min - 24.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 4
Type: Surface
Included in Rent: Yes
David Hong 562-881-6695 Urban Real Estate
David Hong 562-881-6695 Urban Real Estate