REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Glen Henderson

[email protected] +1(619) 889-7646

$1,947,500

Est. payment - /mo

5 Beds

4 Baths

0.35 Acres Lot

Save

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID CV26169898

Bedrooms 5

Lot Size 0.346 Acres

Property Sub-Type Res Income 2-4 Units

Property Type Res Income 2-4 Units

Property Description

18 Units Montebello Priced at 7% CAP Rate!!! Offered at $1,947,500, $216,000 per unit, this offering represents an outstanding value in one of the San Gabriel Valley's most desirable multi-family markets. This investment offers excellent day-one cash flow with a current 7% CAP Rate, 10 GRM, and a 6% cash-on-cash return, while providing additional upside through market rent alignment. Situated on a 15,072 sq. ft. lot, the property features a desirable unit mix consisting of one 2-Bedroom/1-Bath unit and eight 1-Bedroom/1-Bath units, providing broad tenant appeal and supporting consistent occupancy. Tenants pay for electricity and gas, while residents enjoy ample open-space parking and a spacious common area, creating an attractive rental environment. Ideally located just off Beverly Boulevard, the property is within close proximity to Beverly Hospital, shopping, dining, and major retail, placing it in one of Montebello's strongest and most established rental corridors. The adjoining 9-unit property (MLS# CV26169882) must be purchased in addition to this property, creating a rare opportunity to acquire 18 units across two separate parcels. When purchased as a combined offering, this property offers strong in-place cash flow, compelling price-per-unit value, and meaningful upside potential, making it an excellent addition to any multi-family investment portfolio.

Location

State CA

County Los Angeles

Zoning Assessor

Direction East of Montebello Blvd. North of Whittier Blvd.

Interior

Cooling Wall/Window

Fireplace No

Exterior

View Y/N No

Building

Story 1

Level or Stories 1

Others

Senior Community No

Tax ID 6347001003

Read Less Info

Listed by Kristopher German, DRE#01800021 RE/MAX 2000 REALTY

Nearby School & Business

Get More Information

Glen Henderson

+1(619) 889-7646

Broker Associate CA BRE #01384181

San Diego Communities

432 N Poplar Avenue Montebello, CA 90640

Glen Henderson

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

Get More Information