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111 W Beverly

Montebello, CA 90640
  • $8,000,000
  • STATUS: ACTIVE
  • ON SITE: 21 Days
  • ID#: PW21211685
UPDATED: 203 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

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 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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This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
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111 W Beverly Montebello, CA 90640

  • Price: $8,000,000
  • Status: ACTIVE
  • Updated: 203 min ago
  • ID#: PW21211685
0
Beds
0
Baths
0
½ Baths
1.52
Acres
Neighborhood:
Montebello (90640)
County:
Los Angeles
Area:
Montebello (90640)
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 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

Site CurbsSidewalks Topography Level

Property Features

Cfd Mello Roos Fee 6509.0 Cfd Mello Roos Fee Reflects Year Home Owners Fees 0.0

Listing provided courtesy of Marcus & Millichap. Listing information © 2021 San Diego MLS Inc. Source: CRMLS
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
 
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