5-units in North Montebello (located north of Whittier Blvd), presenting an 11.98 GRM and a 5.40% Cap Rate, MOTIVATED SELLER with only 2 properties left in this Family-Owned Portfolio Sale. Attractive investment opportunity, great for 1031 exchange replacement property. Consisting of (1) detached 2 bed + 1 bath house and (4) 1 bed + 1 bath units, all 100% occupied. On-site garage parking (ADU Potential), owner-owned coin-operated laundry machines, very walkable location (79 Walk-Score) with convenient access to shopping, dining, and the 60, 5, 710, and 605 freeways. The property is only subject to AB 1482 with no local rent control. The SB721 (Balcony Law) Inspection Report Completed. A solid combination of current income and future growth potential creating for a favorable purchase. **Check out the property video.
| MLS # | 26701169 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1953 |
| Days On Site | 180 |
| Listing Provided By | Remax Commercial and Investment Realty | Shant Sherbetdjian |
| Bed(s) | 6 |
|---|---|
| Bath(s) | 5 |
| SQ Feet | 2,674 |
| Garage | 4 |
| Story(s) | 2 |
| Units | 5 |
| Building(s) | 1 |
| Zoning | MNR3* |
| Acreage | 0.14 |
| Parking Features | Covered, Garage, Uncovered |
|---|---|
| Garage Yes / No | Yes |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Montebello |
| Zip Code | 90640 |
| Area | 674 Montebello |
| Listing VS Median (in 90640) | |
Price: $1,295,000 low | high Med: $1,045,000 sqft: 2,674 low | high Med: 2,700 $ / sqft: $484 low | high Med: $473 On site: 180 low | high Med: 72.5 | |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Montebello |
| Zip Code | 90640 |
| Area | 674 Montebello |
| Listing VS Median (in 90640) | |
Price: $1,295,000 low | high Med: $1,045,000 sqft: 2,674 low | high Med: 2,700 $ / sqft: $484 low | high Med: $473 On site: 180 low | high Med: 72.5 | |
![]() | $1,148,000698 W OlympicMontebello, CA 90640 |