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$ 1,295,000
Est. payment | /mo
2,674 SqFt
$ 1,295,000
Est. payment | /mo
2,674 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 2,674 sqft
Price per Sqft $484
MLS Listing ID CL26701169
HOA Y/N No
Year Built 1953
Lot Size 6,255 Sqft
Acres 0.1436
Property Sub-Type Other
Property Description
5-units in North Montebello (located north of Whittier Blvd), presenting an 11.98 GRM and a 5.40% Cap Rate, MOTIVATED SELLER with only 2 properties left in this Family-Owned Portfolio Sale. Attractive investment opportunity, great for 1031 exchange replacement property. Consisting of (1) detached 2 bed + 1 bath house and (4) 1 bed + 1 bath units, all 100% occupied. On-site garage parking (ADU Potential), owner-owned coin-operated laundry machines, very walkable location (79 Walk-Score) with convenient access to shopping, dining, and the 60, 5, 710, and 605 freeways. The property is only subject to AB 1482 with no local rent control. The SB721 (Balcony Law) Inspection Report Completed. A solid combination of current income and future growth potential creating for a favorable purchase. **Check out the property video.
Location
State CA
County Los Angeles
Zoning MNR3*
Interior
Fireplace No
Laundry Laundry Room
Building
New Construction No
Others
Tax ID 6346024009
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Listed by Shant Sherbetdjian • Remax Commercial and Investment Realty
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