$2,350,000
$2,430,000
3.3%For more information regarding the value of a property, please contact us for a free consultation.
0.3 Acres Lot
SOLD DATE : 04/07/2020
Key Details
Sold Price $2,350,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 19537318
Sold Date 04/07/20
HOA Y/N No
Year Built 1973
Lot Size 0.300 Acres
Acres 0.3
Property Description
We are pleased to present a great opportunity to own in Desirable Montebello. A well-maintained 10 Unit Townhome-Style Apartment Building with an Excellent Unit Mix of ALL 2 Bedroom & 1.5 Bathroom units. Property features Newer 1973 Construction, Large Units Averaging 823 Sq.Ft. with Private Balcony, On-Site Secured Parking and Secured Entrance with Additional Income Procured from On-Site Laundry Room. This investment offering provides Strong In-Place Rents, Attractive Cash-flow with Rental Upside Potential of +/- 28%. Great addition to any Investment Portfolio or Exchange Upleg Purchase. Centrally located to many Shops, Restaurants on Whittier Blvd. Quick and convenient access to the Major 5, 605, 60 & 710 Freeways. Please note, California recently passed state-wide rent control in Assembly Bill 1482. Please be sure to review these new laws to ensure that you are compliant with their restrictions.
Location
State CA
County Los Angeles
Area 674 - Montebello
Zoning MNR3
Interior
Fireplace No
Exterior
Garage Covered
Parking Type Covered
Building
Story 2
Others
Senior Community No
Tax ID 6349020045
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Shant Sherbetdjian • Remax Commercial and Investment Realty