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$3,210,000
524 Washington Blvd, Montebello, CA 90640
0 Beds
0 Baths
n/a SqFt

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The property was recently entitled to build a 53 unit branded Hotel. During the pandemic the delays let a few permits lapse, so the owner decided not to move forward. However, whoever purchases the property will have full access where the owner left off and can continue the project at their own expense. the property is being sold as-is. This is a very rare and hard to find a large corner located on major street in Montebello CA on Washington Blvd., profile shows is c2 zone, cross from best inn, huge lot of 23000 sf.(100.5' x 223.5'), good for shopping center / retail strips. There was a sandwich store and barber shop, both stores had been running the business for many years, rent approx. 1600/m0. please verify zoning information with city. value in the land, great deal for investors..
  • Price:
  • $3,210,000
  • Acreage:
  • 0.53
  • Listing ID #:
  • RS22148109
  • Street Address:
  • 524 Washington Blvd
  • City:
  • Montebello
  • State:
  • California
  • Postal Code:
  • 90640
  • County:
  • Los Angeles
  • Community:
  • Montebello
  • Listing Status:
  • Active
  • Listing Type:
  • Land
  • Approximate Lot Size Range Source:
  • Assessor
  • Conforms To Zoning:
  • Mnc2*
  • Lot Features:
  • Value In Land
  • Lot Size:
  • 22919
  • Lot Square Footage:
  • 22919
  • Community Features:
  • Curbs
  • Days On Market:
  • 80
  • Excluded:
  • The Property Is Sold As-Is
  • Included In Sale:
  • The Property Is Sold As-Is
  • On Market Date:
  • 2022-07-06
  • Originating Mls:
  • Crmls
  • Previous Listing Price:
  • 3250000
  • Terms:
  • Cash, Conventional, 1031 Exchange
  • Existing Water:
  • Public
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Agent Gilbert Morales with TCB Real Estate Services
  • CACRMLS

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