$1,665,888
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1009 W Los Angeles Ave Montebello, CA 90640
6 Beds
6 Baths
3,270 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,270 sqft
Price per Sqft $504
MLS Listing ID 23-302931
Bedrooms 6
Year Built 1947
Lot Size 0.364 Acres
Property Description
We are pleased to present for sale this rare opportunity to acquire 6 individual single story cottage style detached homes located in Central Montebello. This property has been owned and operated by the same family since 1966 (57 years)! The property is situated on an oversized 15,839 square foot lot which is zoned R3. Given the size and layout of the structures on the lot it is ideal for a buyer who wants to take advantage of the unused land through multiple ADU additions (buyer to verify). These private easy to rent 1 bedroom + 1 bathroom homes also come with a detached garage in the rear of the property. This value add opportunity has a realistic rental upside of +/- 31%. Operating this investment is in the favor of the landlord as gas and electricity are separately metered along with each owner having their own individual water heater. This investment is within a short distance to Whittier Blvd providing an abundance of retail and dining. It is also located down the block from Montebello City Park as well as the Mart of Montebello Shopping Center. Please note, this property is only subject to the statewide AB1482 rent control (which is currently 8.8%). Buyer to verify all property details/ characteristics. Check the property video and call us for more information.
Location
State CA
County Los Angeles
Area Montebello
Zoning MNR3YY
Rooms
Other Rooms None
Interior
Heating Wall
Cooling Other
Equipment Other
Laundry Other
Exterior
Garage Garage, Detached
Garage Spaces 6.0
Pool None
Building
Story 1
Others
Special Listing Condition Standard
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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Bought with Pinnacle Real Estate Group