$3,300,000
Exceptional opportunity to acquire a 3-story commercial building located on a fully signalized corner in the heart of Montebello’s thriving commercial district. This highly visible, well-established event venue offers a rare combination of owner-user functionality and strong supplemental rental income. The second floor features two elegant vintage-style ballrooms designed for full-service dinner events. The Grand Ballroom accommodates up to 250 guests, while the additional ballroom hosts up to 100 guests, providing a combined capacity of 350 guests. The venue is fully equipped to host weddings, quinceañeras, corporate functions, and special events. Amenities include a supporting commercial kitchen, full-service bar with Type-47 liquor license, dressing rooms, and in-house DJ equipment. The multi-year established dinner and event operation offers immediate business continuity and income potential. The ground level includes seven storefront retail units generating additional rental income, creating a diversified revenue stream to complement the event business. Prominent corner exposure, strong street presence, and prime positioning along Whittier Blvd make this a standout investment in one of Montebello’s busiest corridors. Ideal for an owner-user seeking an established banquet/event venue with built-in rental income, or an investor looking to maximize upside in a prime infill location. **The Type-47 License, furniture, fixture and equipment, business name and good will, sold separately as bulk sale. Contact listing agent for price and details.**
Click to interact with map
Listed by ARMANDO ARENAS with GEORGE MICHAEL REALTY (323) 728-2111
Property Type
Special Purpose
Status
Active
MLS Number
MB26039343
Year Built
1927
Lot Size
0.27 acres