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Listed by Pat Swanson, DRE #01382974 • Pat Swanson
$ 1,148,000
Est. payment | /mo
5,504 Sqft Lot
$ 1,148,000
Est. payment | /mo
5,504 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC26203738
Year Built 1915
Lot Size 5,504 Sqft
Source California Regional MLS
Property Description
Clean six-unit investment opportunity located in a desirable residential neighborhood of Montebello. The property features six 1-bedroom, 1-bathroom units that were extensively renovated in 2020, providing investors with a well-maintained, low-maintenance asset. A RUBS program is in place to help offset water and trash expenses and improve operating efficiency. The property is not subject to local rent control and is governed by AB 1482. Offering a 6.25% CAP Rate at an attractive price point, this is an excellent starter investment or addition to an existing multifamily portfolio.
Location
State CA
County Los Angeles
Area 674 - Montebello
Interior
Laundry None
Exterior
Pool None
Building
Water District - Public
Others
Special Listing Condition Not Applicable
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