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
Listed by Kristopher German, DRE #01800021 • RE/MAX 2000 REALTY
$ 1,947,500
Est. payment | /mo
0.35 Acres Lot
$ 1,947,500
Est. payment | /mo
0.35 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRCV26169898
Year Built 1949
Lot Size 0.346 Acres
Source California Regional MLS
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
Location
State CA
County Los Angeles
Area 674 - Montebello
Rooms
Kitchen None
Interior
Cooling Window / Wall Unit
Laundry None
Exterior
Parking Features Other
Garage Spaces 9.0
Pool 31, None
View None
Roof Type Shingle
Building
Story One Story
Water District - Public
Others
Tax ID 6347001003
Special Listing Condition Not Applicable
Copyright 2026 MLSListings Inc All rights reserved.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "