$1,200,105
$1,300,000
7.7%For more information regarding the value of a property, please contact us for a free consultation.
0.26 Acres Lot
SOLD DATE : 05/17/2021
Key Details
Sold Price $1,200,105
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW20233589
Sold Date 05/17/21
HOA Y/N No
Year Built 1929
Lot Size 0.260 Acres
Acres 0.26
Property Description
Fantastic opportunity to own this unique and well maintained 5 unit property in the city of Montebello. Each unit is detached from the others making tenants feel they are renting a home and not an apartment, which translates into higher potential rents. The unit mix consists of three 1 bed 1 bath units and two 2 bed, 1 bath units. This property is located on a large lot with front lawns and a large central courtyard and walking distance to Montebello Park and City Hall. The property boasts several recent updates, including newer windows, flooring, paint, water heaters, and several other updates that make this property easy to maintain. Each unit is equipped with its own electric and gas meters. Rents are currently low for the area so there is tons of potential for future increases.
Location
State CA
County Los Angeles
Area 674 - Montebello
Rooms
Ensuite Laundry See Remarks
Interior
Laundry Location See Remarks
Heating Wall Furnace
Fireplace No
Laundry See Remarks
Exterior
Garage Assigned, Garage
Garage Spaces 5.0
Garage Description 5.0
Pool None
Community Features Street Lights, Sidewalks
View Y/N Yes
View Neighborhood
Roof Type Composition
Parking Type Assigned, Garage
Total Parking Spaces 5
Private Pool No
Building
Lot Description Corner Lot, Front Yard, Lawn, Rectangular Lot
Story One
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 6350012001
Acceptable Financing Cash to New Loan, 1031 Exchange
Listing Terms Cash to New Loan, 1031 Exchange
Financing Conventional
Special Listing Condition Standard, Trust
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Bought with Brent Shigemura • NONMEMBER MRML