698 W Olympic, Montebello, CA 90640
698 W Olympic, Montebello, CA 90640
698 W Olympic, Montebello, CA 90640
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$1,275,000
Est. payment /mo
5,505 Sqft Lot
Save

UPDATED:

Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC26203738

HOA Y/N No

Year Built 1915

Lot Size 5,505 Sqft

Property Sub-Type Apartment

Property Description

Clean six-unit investment opportunity located in a desirable residential neighborhood of Montebello. The property features six 1-bedroom, 1-bathroom units that were extensively renovated in 2020, providing investors with a well-maintained, low-maintenance asset. A RUBS program is in place to help offset water and trash expenses and improve operating efficiency. The property is not subject to local rent control and is governed by AB 1482. Offering a 6.25% CAP Rate at an attractive price point, this is an excellent starter investment or addition to an existing multifamily portfolio.

Location

State CA

County Los Angeles

Area 674 - Montebello

Interior

Fireplace No

Laundry None

Exterior

Pool None

Community Features Suburban, Sidewalks

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Energy Description 206.0

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

Read Less Info
CRMLS Full IDX Feed (MAIN Website Search)
Listed by Pat Swanson Pat Swanson 213-864-2862, DRE #01382974

NEARBY SCHOOL & BUSINESS

MORTGAGE CALCULATOR

Use our home loan calculator to estimate your total mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment, and details about the home loan, to calculate your mortgage payment, schedule, and more.
$
$
%
%
Advanced
Payment
Schedule
Your mortgage payments over 30 years will add up to $0.
Serving Southern California

Customized quick search tools to explore nearby zip codes, cities, and neighborhoods in your favorite destinations

There are 30 quick searches
 
Serving Arizona
Custom Quick Search Tools To Explore Nearby Zip Codes, Cities & Neighborhoods In Your Preferred Destinations
More