We are pleased to present a fantastic opportunity in Montebello, 16 Spacious Unit built in 1988 with 3 Bedroom + 1.5 Bathroom Two-Story Townhome Style Apartments, and averaging 1,188 square feet in each unit. Prime investment at full occupancy 100% with a 5.02% Cap Rate on current rents. All… Read More units have central A/C & Heat, 2-Garage parking and private patios. This pride of ownership property has undergone many recent capital improvements such as; a new roof (in 2018), full copper plumbing (in 2019), and 11 of the 16 A/C Units were replaced (in the last 3 years). Additional income from on-site laundry room. Separate water heaters for each unit and separately metered for gas and electricity. This complex is outlined with eight extra large duplexes on a 28,868 square foot lot zoned MNR3YY. Situated on West Mines Avenue between Greenwood Avenue and South Montebello Boulevard. This property is only subject to the statewide AB1482 rent ordinance (with no local rent control). Income flow for first time investor or exchange up-leg purchase. Read Less
Property listed by Remax Commercial and Investment Realty, Shant Sherbetdjian 213-817-1000
Listing Snapshot
Days Online
9
Last Updated
Property Type
Other
Beds
48
Square Ft.
19,013
Lot Size
0.66 Acres
Year Built
1988
MLS Number
25521395
30 Days Snapshot Of 90640
$820k
+1%
(avg) sold price
13
-18%
homes sold
81
+24%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1988, Building area total: 19,013, Levels: MultiSplit, Living area: 19013, 8 buildings
Cooling
CentralAir
Income
Gross income: $503,400, Net operating income: $308,528
Laundry
LaundryRoom
Lot
0.6627 acres, 28,868 square feet, Size: 28,868
Parking
32 totals parking, DoorMulti, Garage
Property
Zoning: MNR3YY
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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