917 W Whittier , Montebello, CA 90640
$2,999,999
Est. Payment: $15,566.35/mo
24800 Sqft
0.27 Acres
Status: active | Days on site: 1
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97099 - M44230
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House Description

Exceptional opportunity to acquire a prominent 3-story commercial building featuring two established banquet ballrooms and seven income-producing storefront retail units, situated on a fully signalized corner in the heart of Montebello's thriving commercial district. The centerpiece is the second-floor banquet and event operation, featuring two elegant vintage-style ballrooms with a combined capacity of 350 guests. The Grand Ballroom accommodates 250 guests, while the second ballroom accommodates 100, providing flexibility for events of varying sizes. Designed for full-service dinner events, the venue hosts weddings, quinceañeras, corporate functions, anniversaries and special celebrations. Amenities include a commercial kitchen, full-service bar with Type-47 liquor license, dressing rooms and house DJ equipment. This well-established banquet business has operated for many years, developing a strong reputation and loyal clientele. Repeat business and referrals from satisfied past clients are significant drivers of the operation, providing a foundation for continued success and growth. Seven leased ground-floor storefront retail units generate additional rental income, creating multiple revenue streams and an attractive opportunity for an owner-operator or investor. CONVENIENT NEARBY PARKING: While the property has no on-site parking lot, the venue utilizes a nearby City public parking lot with approximately 46 spaces and an additional leased private parking lot with over 20 spaces. Both are located on 10th Street, just north of Whittier Boulevard, within easy walking distance. Parking is subject to availability and applicable lease arrangements. The property's prominent corner location offers excellent visibility, strong street presence and convenient access throughout the San Gabriel Valley and Greater Los Angeles area. A rare opportunity to acquire an established special-event destination complemented by income-producing commercial real estate, with potential for continued growth and long-term investment value. IMPORTANT SALE TERMS: The Type-47 liquor license, furniture, fixtures and equipment (FF&E), business name and goodwill are offered separately through a bulk sale. Contact listing agent for pricing and details. SELLER FINANCING AVAILABLE: Owner may carry a first trust deed with approximately 50% down payment, subject to seller approval of terms and buyer qualifications.

Highlights

Listed by ARMANDO ARENAS , 323-728-2111 CENTURY 21 ALLSTARS , 562-863-2121. CRMLS/Multi-Regional MLS mls logo

Property Type

Commercial Sale

Lot/Acreage
0.27

Year Built

1927

County

Los Angeles

Area

674 - Montebello

Listing ID

MB26235500

Questions about this listing?

Contact Agent

Interior Features

Air Cond:Central Air
Fireplaces:
Water:See Remarks

Exterior Features

Lot:Corner Lot,Near Public Transit,Street Level,No Land Lease
Zoning:MNC2
Roof:Barrel,Rolled/Hot Mop
Others:
  • ▪ Additional:2+ Total Units
Principal Interest
$15,566
Taxes
$1,912

Home Price

$2,999,999

Loan Details

30 yrs
6.75%

Down Payment

20%
$600,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$15,566.35

Principal

Taxes

Principal Taxes HOA Total
Monthly $15,566.35 $1,912.50 $0.00 $17,478.85
Yearly $186,796.19 $22,949.99 $0.00 $209,746.18
Total $5,603,885.69 $688,499.77 $0.00 $6,292,385.46

Today's Rates

30 Year

6.75%

20 Year

6.86%

15 Year

6.24%

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Market insight data is pulled from the same city as the listing being viewed (Montebello, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-11-07T15:32:40.000Z

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