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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$2,275,000

Est. payment - /mo

0.26 Acres Lot

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Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID CV26183794

HOA Y/N No

Year Built 1947

Lot Size 0.264 Acres

Property Sub-Type Apartment

Property Description

Just Listed! Rare opportunity to acquire a pride-of-ownership 9-unit apartment property in a highly desirable North Montebello location, just north of Beverly Boulevard and steps from Quiet Cannon Golf Course. Offering an excellent combination of location, property condition, and desirable unit sizes, this well-maintained asset is ideally positioned for investors seeking a quality long-term multifamily investment.

The property is comprised of three individual triplex structures with an attractive unit mix of three 2-Bedroom/1-Bath units and six 1-Bedroom/1-Bath units. Six of the units feature desirable single-level construction, while three units are positioned above garage parking. In total, the property offers approximately 5,439 rentable square feet on an 11,512 sq. ft. lot.

The property has benefited from numerous improvements, including updated electrical subpanels throughout and updated interiors in most units, reducing near-term capital needs and reinforcing its pride-of-ownership condition. Residents enjoy onsite garage parking and private laundry hookups, while electricity and gas are separately metered and paid directly by the tenants.

Located in one of Montebello's most desirable rental pockets, with convenient access to shopping, dining, schools, major transportation routes, and recreational amenities, this property offers the combination investors look for: strong rental fundamentals, desirable construction, quality improvements, and an exceptional North Montebello location.

Seller may offer private financing to a well qualified buyer.

Location

State CA

County Los Angeles

Area 674 - Montebello

Zoning MNR1YY

Interior

Interior Features All Bedrooms Down

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Laundry Electric Dryer Hookup, Gas Dryer Hookup

Exterior

Parking Features Door-Single, Garage

Garage Spaces 9.0

Garage Description 9.0

Fence Block

Pool None

Community Features Curbs, Sidewalks

Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available

View Y/N No

View None

Roof Type Shingle

Total Parking Spaces 9

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 5267026044

Acceptable Financing Cash to New Loan, Owner May Carry

Listing Terms Cash to New Loan, Owner May Carry

Special Listing Condition Standard

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Listed by Kristopher German RE/MAX 2000 REALTY 909-645-0443, DRE #01800021

NEARBY SCHOOL & BUSINESS

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3101 Via San Delarro Montebello, CA 90640