Greenwood Plaza — Sale in Montebello, CA

Price: Contact for price
Listing type: For sale
Asset type: Retail Business
Location: Montebello, CA 90640
Year built: 1984

Photos

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Investment Figures

Cap rate: 3.69%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present Greenwood Plaza, a compelling value-add neighborhood shopping center located in the heart of Montebello, adjacent to the City of Commerce. The property is anchored by a diverse mix of daily-needs and service-oriented tenants that generate consistent customer traffic and provide a stable, diversified income stream. Greenwood Plaza offers investors an attractive opportunity to acquire a well-located retail asset with both in-place cash flow and meaningful upside potential. Through the continued lease-up of vacant space and completion of strategic capital improvements, investors have the ability to enhance revenue and achieve a projected 7.64% proforma cap rate. The property occupies a highly visible signalized corner location with approximately 362 feet of frontage along South Greenwood Avenue, providing excellent exposure, multiple signage opportunities, and convenient ingress and egress. Positioned along a major commercial corridor with traffic counts exceeding 22,000 vehicles per day and immediate access to Interstate 5, the center benefits from strong visibility and regional accessibility throughout Southeast Los Angeles. Ownership has invested significant capital into the asset, including improvements to the roof, HVAC systems, exterior paint, and landscaping, helping reduce near-term capital expenditure requirements. Additionally, on-site parking spaces provide ample parking and convenience for both tenants and customers. The investment is further supported by exceptional market fundamentals. More than 612,000 residents reside within a five-mile radius, with average household incomes exceeding $96,000 and annual household retail expenditures of more than $80,000. Combined with the area’s dense population base, strong employment drivers, and supply-constrained retail environment, Greenwood Plaza is well positioned for long-term income growth, value creation, and investment stability. Investment Highlights: • Strong Daily-

Market Context

This retail in Montebello, CA is listed for sale. It is offered at an approximate 3.7% capitalization rate, a key benchmark for income-producing retail assets. The building dates to 1984. Compare it against other retail listings for sale in Montebello, CA — view the full market.

As of Q2 2026, the Greater Los Angeles retail market showed a 5.6% vacancy rate, and average asking rents near $34.14/SF/yr. Source: multiple brokerage reports, Q2 2026.

Tight vacancy keeps competition for quality space elevated.

Retail market FAQ

Is the Greater Los Angeles retail market tightening or softening?: Vacancy is around 5.6% (Q2 2026).

Estimated Price per SF

$149.22/SF – $1,085/SF

Mid: $452.18/SF

About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.