Skip to main content

Office

±1.52 Acres Adjacent to Beverly Hospital

111 W Beverly Blvd, Montebello, CA 90640

Listing Price: $5,200,000

Lot Size
1.52 acres
Price/Acre
$3,423,700
Land Type
Land
Buildable Square Feet
200,000

Investment Overview

The subject property is a 1.52 acre parcel of vacant land located directly adjacent to Beverly Hospital in the central Los Angeles city of Montebello. 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 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'. 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 build a new building on the property of approximately 200,000 square feet in size. Development opportunities in such close proximity to major hospitals in Los Angeles are very rare and this parcel of land will be of great interest to a wide range of potential

Investment Highlights

  • ±1.52 Acre Vacant Parcel Directly Adjacent to Beverly Hospital
  • Flat, Rectangular Parcel with 227' of Linear Frontage on Beverly Blvd
  • Zoning on the Parcel is C-2 General Commercial
  • General Plan Land Use Designation is Boulevard Commercial
  • C-2 Zone Allows for a 3:1 FAR and a New Building of Approximately 200,000 SF
  • Extremely Rare Medical Office Opportunity Directly Adjacent to Beverly Hospital

Exclusively Listed By

Financing By

Office

±1.52 Acres Adjacent to Beverly Hospital

Listing Price: $5,200,000

Lot Size
1.52 acres
Price/Acre
$3,423,700
Land Type
Land
Buildable Square Feet
200,000

Investment Highlights

  • ±1.52 Acre Vacant Parcel Directly Adjacent to Beverly Hospital
  • Flat, Rectangular Parcel with 227' of Linear Frontage on Beverly Blvd
  • Zoning on the Parcel is C-2 General Commercial
  • General Plan Land Use Designation is Boulevard Commercial
  • C-2 Zone Allows for a 3:1 FAR and a New Building of Approximately 200,000 SF
  • Extremely Rare Medical Office Opportunity Directly Adjacent to Beverly Hospital

Investment Overview

The subject property is a 1.52 acre parcel of vacant land located directly adjacent to Beverly Hospital in the central Los Angeles city of Montebello. 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 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'. 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 build a new building on the property of approximately 200,000 square feet in size. Development opportunities in such close proximity to major hospitals in Los Angeles are very rare and this parcel of land will be of great interest to a wide range of potential

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower