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111 W Beverly Boulevard

Montebello, CA 90640
  • $8,000,000
  • STATUS: Active
  • ON SITE: 67 Days
  • ID#: PW21211685
UPDATED: 55 min ago
$8,000,000
  • 0
    BEDS
  • 1.52
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Listing provided courtesy of Matthew Wenzel of Marcus & Millichap

Description

The subject property is a 1.52 acre parcel of land located directly adjacent to Beverly Hospital in the central Los Angeles city of Montebello. This site is extremely well located in that it is only 8 miles southeast of downtown Los Angeles and at the same time very accessible from Orange County this would allow a potential medical user the ability to draw patients from both areas if a unique medical service were to be offered.Rectangular and flat, this site is perfectly positioned for any use that would be complementary to the Beverly Hospital, including uses such as an extension to the existing hospital, any medical office use, senior or assisted living facilities or a number of other potential medical uses. A previous structure had been built on the site (structure has been demolished) and as a result all utilities are already located on site.Primary access is located off of Beverly Blvd. and the property benefits from frontage on Beverly Blvd. of approximately 227'. Daily traffic counts on Beverly Blvd. are approximately 30,000 VPD.Zoning on the site is C-2 General Commercial and the General Plan Land Use designation is Boulevard Commercial. C-2 allows for a wide range of commercial and office uses and boasts a Floor-Area-Ratio (FAR) allowing a new structure of up to 3:1. What this means is that a developer could theoretically build a new building on the property of approximately 198,000 square feet in size.Development opportunities in such close proximity to major hospitals in Los Angeles are very rare and desirable assets and this parcel of land will be of great interest to a wide range of potential developers.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-01T19:33:46.13. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Parsons Team | Keller Williams Realty. Licensed in the State of California, USA.
www.theparsonsrealestateteam.com/homes/121779282
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111 W Beverly Boulevard Montebello, CA 90640

  • Price: $8,000,000
  • Status: Active
  • On Site: 67 Days
  • Updated: 55 min ago
  • ID#: PW21211685
0
Beds
0
Baths
0
½ Baths
1.52
Acres
Neighborhood:
674 - Montebello
County:
Los Angeles
Area:
674 - Montebello
Property Description
The subject property is a 1.52 acre parcel of land located directly adjacent to Beverly Hospital in the central Los Angeles city of Montebello. This site is extremely well located in that it is only 8 miles southeast of downtown Los Angeles and at the same time very accessible from Orange County this would allow a potential medical user the ability to draw patients from both areas if a unique medical service were to be offered.Rectangular and flat, this site is perfectly positioned for any use that would be complementary to the Beverly Hospital, including uses such as an extension to the existing hospital, any medical office use, senior or assisted living facilities or a number of other potential medical uses. A previous structure had been built on the site (structure has been demolished) and as a result all utilities are already located on site.Primary access is located off of Beverly Blvd. and the property benefits from frontage on Beverly Blvd. of approximately 227'. Daily traffic counts on Beverly Blvd. are approximately 30,000 VPD.Zoning on the site is C-2 General Commercial and the General Plan Land Use designation is Boulevard Commercial. C-2 allows for a wide range of commercial and office uses and boasts a Floor-Area-Ratio (FAR) allowing a new structure of up to 3:1. What this means is that a developer could theoretically build a new building on the property of approximately 198,000 square feet in size.Development opportunities in such close proximity to major hospitals in Los Angeles are very rare and desirable assets and this parcel of land will be of great interest to a wide range of potential developers.
Exterior Features

Lot Features Rectangular LotStreet Level Road Frontage Type City Street View Neighborhood View YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features CurbsGutter(S)Storm Drain(S)Street LightsSidewalksUrban Land Lease YN No Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To New Loan New Construction YN No Senior Community YN No Special Listing Conditions Standard Water Source Public Zoning Mnc2*



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-01T19:33:46.13. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Parsons Team | Keller Williams Realty. Licensed in the State of California, USA.
 
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The Parsons Team | Keller Williams Realty
251 S. Lake Ave #150
Pasadena CA, 91101
Listing provided courtesy of Matthew Wenzel of Marcus & Millichap