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$ 1,275,000
Est. payment | /mo
5,505 Sqft Lot
$ 1,275,000
Est. payment | /mo
5,505 Sqft Lot
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
Listed by Pat Swanson Pat Swanson 213-864-2862, DRE #01382974
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