INFILL LOS ANGELES DEVELOPMENT OPPORTUNITY 2516-2524 W Beverly Blvd features two buildings on a 22,420 SF commercial lot located at the signalized intersection of W Beverly Blvd and N Hay St that can be delivered vacant – allowing an investor to immediately execute a redevelopment. The property’s current configuration includes a 3,225 SF multi-tenant retail building (100% leased by MTM tenants) and a second building that consists of a 4,150 SF warehouse (+mezz) with loading dock and 2,600 SF retail or office space. The second building could be combined for uses seeking a larger 6,750 SF footprint. MULTIFAMILY POTENTIAL Per City's 2040 General Plan (approved April 2024), this property will have Corridor designation that calls for one to four story buildings allowing for 40-60 units per acre. (no entitlements, Buyer to verify). MEDICAL OFFICE POTENTIAL The 6,750 SF vacant building is perfectly suitable for various medical office or urgent care uses. RETAIL DEVELOPMENT POTENTIAL Per the City' General Plan, the Corridor designation allows for commercial development with floor area ratios ranging from 0.3 to 2.0(FAR). HIGH TRAFFIC LOCATION,EXCELLENT FRONTAGE The property is located on W Beverly Blvd, the trade area’s primary commercial street, which sees over 33,600 cars per day and is proximate to major freeways including I-5, I-405, and I-710. The property is located at a hard corner, signalized intersection and features more than 250 feet of frontage along W Beverly Blvd. PRIME RETAIL LOCATION The property is surrounded by the primary retailers and restaurants serving the city of Montebello including Albertsons, Best Buy, Ross Dress for Less, CVS, Smart & Final, LA Fitness, Vons, Marshalls, Super A Foods, McDonald’s, Starbucks, Weinerschnitzel, and many more. HIGH BARRIERS TO ENTRY Infill and densely populated, mature trade area with limited sites available for future development creating high barriers for future competition. FREE AND CLEAR OF EXISTING DEBT No existing financing in place; available for a quick close to accommodate 1031 Exchange identification. EXTREMELY DENSE LOS ANGELES DEMOGRAPHICS • More than 96,200 people in a 1-mile radius with Average Household Incomes exceeding $78,300 • More than 567,000 people in a 3-mile radius with Average Household Incomes exceeding $93,300 • More than 1,166,900 people in a 5-mile radius with Average Household Incomes exceeding $100,200