High Traffic Retail Shell in LA Suburb | 3311 W Beverly Blvd
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High Traffic Retail Shell in LA Suburb 3311 W Beverly Blvd
2,500 SF Vacant Retail Building Online Auction Sale Montebello, CA 90640
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Investment Highlights
- This versatile retail storefront shell will be delivered vacant, providing an ideal canvas for retail users or value-add investors.
- Easily accessible via major arteries, including the 5 and the 710, as well as Highway 60, with nearby public transportation options.
- Direct frontage to W Beverly Boulevard provides strong daily exposure to more than 26,000 passing vehicles and additional strong foot traffic.
- Over 207,000 residents within 3 miles, with an average household income exceeding $85,000, resulting in consumer spending of more than $2 billion.
Executive Summary
JohnHart Commercial is pleased to present the opportunity to acquire 3311 W Beverly Boulevard, a versatile retail storefront with a prime location on a high-traffic street in the Montebello suburb of Los Angeles, California. Delivered vacant, this opportunity provides flexibility for both users and value-add investors.
Discover attractive features that set 3311 W Beverly Boulevard apart from the competition. Comprising 2,500 square feet of versatile space, the building is an ideal canvas for a wide range of retail ventures. It is equipped with a full glass storefront, a mostly open floor plan, and a large storage space. Direct frontage to W Beverly Boulevard provides visibility to more than 26,000 passing vehicles daily, delivering strong exposure to potential customers. Exceptional signage opportunities can be used to generate additional income from a signage lease or to market an owner's business. Situated within walking distance of many local establishments, the location promises high foot traffic and convenience for patrons.
3311 West Beverly Boulevard in Montebello is situated in a diverse and vibrant neighborhood that offers a mix of urban convenience and suburban charm. Residents enjoy easy access to amenities such as grocery stores, restaurants, and the Montebello Town Center. Nearby parks like Smith Park provide recreational opportunities, and the area is well-connected via major roadways such as the 5 and the 710, as well as Highway 60. There are also plentiful nearby public transportation options.
With its strategic location and ample square footage, 3311 W Beverly Boulevard offers the chance to make your mark in Montebello’s vibrant commercial landscape.
Discover attractive features that set 3311 W Beverly Boulevard apart from the competition. Comprising 2,500 square feet of versatile space, the building is an ideal canvas for a wide range of retail ventures. It is equipped with a full glass storefront, a mostly open floor plan, and a large storage space. Direct frontage to W Beverly Boulevard provides visibility to more than 26,000 passing vehicles daily, delivering strong exposure to potential customers. Exceptional signage opportunities can be used to generate additional income from a signage lease or to market an owner's business. Situated within walking distance of many local establishments, the location promises high foot traffic and convenience for patrons.
3311 West Beverly Boulevard in Montebello is situated in a diverse and vibrant neighborhood that offers a mix of urban convenience and suburban charm. Residents enjoy easy access to amenities such as grocery stores, restaurants, and the Montebello Town Center. Nearby parks like Smith Park provide recreational opportunities, and the area is well-connected via major roadways such as the 5 and the 710, as well as Highway 60. There are also plentiful nearby public transportation options.
With its strategic location and ample square footage, 3311 W Beverly Boulevard offers the chance to make your mark in Montebello’s vibrant commercial landscape.
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- Operating and Financials
- Purchase Agreement
- Title and Insurance
Market Analytics Click Here to Access
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Market Sale Price per SF
Los Angeles - CA USA
Market Cap Rate
Los Angeles - CA USA
Market Sale Price per SF by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Cap Rate by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Sale Price per SF Distribution
Market Cap Rate Distribution
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
2,500 SF
Building Class
C
Year Built
1948
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
1.00
Land Acres
0.06 AC
Zoning
C2 - MNC2*
Frontage
24 FT on Beverly Blvd
Walk Score ®
Very Walkable (81)
About Southeast Los Angeles Retail
Southeast Los Angeles comprises a series of thriving cities spanning south and east from Downtown Los Angeles all the way to the Orange County border. Residents are proud of their neighborhoods, and there is a strong sense of family and community.
Highways in the area, including interstates 5, 605, and 710 and state highway 60, provide great connectivity to all points in Southern California. Residents can easily access many major employment centers in Greater Los Angeles, Orange County, and the Inland Empire.
The area provides retailers with very high population densities. This factor offers an enviable consumer base, which makes the area compelling for retailers of all categories and sizes, from local mom-and-pops to national retailers. As residents in the area are predominately Latino, many retailers are oriented towards the community.
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2024 Population
33,827
207,987
650,262
2020 Population
39,563
231,532
715,204
2029 Population
31,882
198,329
621,764
2024-2029 Projected Population Growth
-5.8%
-4.6%
-4.4%
Daytime Employees
11,743
99,135
285,272
Total Businesses
1,678
10,168
30,323
Average Household Income
$81,908
$85,436
$82,373
Median Household Income
$66,089
$65,825
$63,796
Total Consumer Spending
$314.6M
$2B
$6.1B
Median Age
37.3
38.3
37.8
2024 Households
9,693
61,419
187,598
Percent College Degree or Above
9%
13%
12%
Average Home Value
$637,258
$682,817
$677,915
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 6342-005-030 | Improvements Assessment | $65,617 |
| Land Assessment | $284,346 | Total Assessment | $349,963 |
PROPERTY TAXES
Parcel Number
6342-005-030
Land Assessment
$284,346
Improvements Assessment
$65,617
Total Assessment
$349,963
Sale Advisors
Sale Advisors
Syuzi Hakobyan, Executive Director - Investments
(818) 640-0208
Contact
Syuzi Hakobyan comes to JohnHart Real Estate with the singular mission of bringing value to as many people’s lives as possible. After obtaining a double degree in Business Administration and Accounting from USC, Syuzi joined The Walt Disney family and supported the Studio Finance department for five years.
With her passion for real estate and finance, Syuzi has been able to successfully attract a wide range of clients from investors with large portfolios to working with homeowners. While she enjoys working with a variety of real estate asset classes, she holds a particular expertise for multi-family and retail property investments. Syuzi loves ironing out a solid strategy, but her real thrill comes from the strong bonds and lasting relationships she builds and maintains with her clients.
In her free time, Syuzi is fully committed to self-development. When not in the office or working in the field she can be found working out, hiking new nature trails, or meeting her quota of reading at least one book a month.
With her passion for real estate and finance, Syuzi has been able to successfully attract a wide range of clients from investors with large portfolios to working with homeowners. While she enjoys working with a variety of real estate asset classes, she holds a particular expertise for multi-family and retail property investments. Syuzi loves ironing out a solid strategy, but her real thrill comes from the strong bonds and lasting relationships she builds and maintains with her clients.
In her free time, Syuzi is fully committed to self-development. When not in the office or working in the field she can be found working out, hiking new nature trails, or meeting her quota of reading at least one book a month.
Haik Bokhchalian, Broker
(818) 400-1868
Contact
With over 15 years of experience in hard money lending and real estate sales, Haik is highly skilled in negotiating for his clients and getting them the best price possible whether buying or selling. With great knowledge and experience in financing, he can answer any question and guide his clients in choosing the right type of loan when it comes to buying a home. Haik also has vast knowledge and experience in building, flipping, ground up constructions, apartment building sales and management. He truly enjoys the entire process of a transaction from showing until handing his client keys.
About the Auction Platform
Ten-X Commercial is the leading end-to-end digital transaction platform for commercial real estate. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
Read More
Auction Contact
Amen Almukhtar
Contact
Auctioneer License:
Ten-X Jessica Figueroa RE Brkr 01937601. Ten-X Auction Surety Bond 106465786
-
Syuzi Hakobyan -
Haik Bokhchalian -
JohnHart Commercial
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Transaction Fee Schedule
Based on Percentage of Winning Bid Amount.
Winning Bid Amount
Transaction Fee
$0m to < $1m
5.00% ($20,000 min)
$1m to < $3m
3.00%
$3m to < $5m
2.50%
$5m to < $10m
2.25%
$10m to < $15m
2.00%
$15m to < $25m
1.75%
$25m to < $35m
1.50%
$35M to < $45M
1.00%
$45M to < $55M
0.75%
$55M and Up
0.50%
Example Calculation
Winning Bid Amount
$4,000,000
Transaction Fee
$100,000 (2.5%)
Total Purchase Price
$4,100,000
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High Traffic Retail Shell in LA Suburb | 3311 W Beverly Blvd
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