2516-2524 W. Beverly Blvd, Montebello, CA 90640
Description
Maher Commercial Realty is proud to present a unique, versatile investment at 2516-2524 W Beverly Blvd, Montebello, CA. Spanning an impressive +/-22,420 SF lot, this prime commercial property sits at the signalized intersection of W Beverly Blvd and N Hay Street, offering three-way access, high visibility, over 250 feet of frontage, high visibility, and 24 striped parking spaces.
The site includes two structures: a +/-3,225 SF multi-tenant retail building (fully leased month-to-month) and a second +/-6,750 SF building with warehouse, office, and retail components, including a loading dock and mezzanine. The property can be delivered fully vacant, making it ideal for an owner-user or developer. With its flexible C2 zoning, subject property has potential for a variety of uses, including medical office, retail, mixed-use, office, and multifamily.
Build up to 128 units as an 100% affordable housing project, or potentially more by applying the Density Bonus Law, using the site’s Corridor designation. Once implemented, the Montebello 2040 General Plan will allow 1- to 4-story buildings, 40–60 units per acre, and FARs of up to 2.0 (buyer to verify). Permitted uses in C2 zoning include medical office, professional and general office, and retail, as well as service stations and automobile sales yards subject to conditional use permits.
The property is ideally located at the high-traffic, signalized intersection of W Beverly Boulevard and N Hay Street in Montebello, one of Los Angeles County’s most densely populated cities. Positioned along Montebello’s primary commercial corridor, W Beverly Boulevard sees over 33,600 vehicles per day, offering excellent visibility and exposure for any future use. The surrounding area is home to a diverse mix of national retailers, including Top Golf, Albertsons, Best Buy, Ross Dress for Less, CVS, Smart & Final, LA Fitness, Vons, Marshalls, Super A Foods, McDonald’s, Starbucks and Weinerschnitzel, drawing consistent consumer traffic. With over 96,000 residents within a one-mile radius and more than 567,000 within three miles, the property is situated in a thriving trade area that supports a wide range of commercial, residential, and mixed-use developments. Additionally, the site offers convenient access to major Southern California freeways, including the I-5, I-405, and I-710, making it easily accessible from across the region.
Property Features:
- List Price: $3,350,000
- Total Building Size: +/-9,975 Sq.Ft.
- Total Land Area: +/-22,420
- Parking Spaces: 24
- Zoning: C-2 “Corridor” Designation
- APN:5268-024-015 and 5268-024-016
*per Montebello’s 2040 General Plan (approved in April 2024)
Address
-
Address 2516 W. Beverly Blvd, Montebello, CA
-
Country United States
-
Postal code/ZIP 90640
Get Directions
Contact
Nicole Lu
Property Agent
Fluent in 6 languages, Nicole Lu works with local and international investors on strategic real estate projects and acquisitions. She is a southern California native who returned home after 12 years as a consultant in Asia, Europe, North America and Africa. Recent projects include portfolio analysis for a partnership dissolution (multifamily, hospitality, retail, office, industrial, residential, and land); leasing and acquisitions for a healthcare company's nationwide rollout; and market analysis for an investment firm's California portfolio. Her expertise is the identification and implementation of solutions for her clients. Nicole holds a BA in Spanish from UC Berkeley and an MBA from INSEAD in France and Singapore. She is fluent in Mandarin Chinese, Taiwanese, Spanish, French, and Dutch, and studying Hebrew and German. CA DRE 02045957
Oron Maher
Property Agent
Oron Maher is a leading commercial real estate veteran and the founder of Maher Commercial Realty, a Beverly Hills-based brokerage specializing in investment sales and leasing transactions across all property types within the Greater Los Angeles Area. With nearly two decades of experience representing high-profile buyers and sellers in the region, including major institutions and REITS, private family offices and individual investors, Oron has arranged over a billion dollars in transactions throughout his career and brings a wealth of knowledge, expertise and an unmatched level of client service to the Greater L.A. market. Oron Maher’s firm’s approach includes a customized approach to each opportunity in order to highlight its unique value, leading to record-breaking sales and long-term client relationships. Prior to launching his firm, Oron served as a broker and national sales leader for BRC Advisors. Prior to that, he spent nine years at Coldwell Banker Commercial, where he oversaw a team ranked in the top one percent of commercial brokers in the nation within the Coldwell network. Oron’s extensive experience as a former real estate attorney, investor, developer and community leader has fortified his work in building a successful brokerage in Los Angeles. Oron Maher holds a bachelor’s degree in business management from California State University, Long Beach and a juris doctorate from the San Francisco Law School. Oron’s entrepreneurial approach to Maher Commercial Realty blends his deep knowledge of the industry with a versatile skillset to secure optimal results across the board. An active community member, Oron has served on more than two dozen non-profit and for-profit boards and chaired the real estate section of the Beverly Hills Bar Association. His passion for giving back and empowering young adults and aspiring businesspeople through mentorship, networking and education led Oron to co-create The Maher Foundation, a nine-month fellowship program which provides development opportunities to recent graduates. BRE#01299093