See all 8 photos
8 photos
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
$1,972,500
Est. payment /mo
5 Beds
4 Baths
0.35 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID CV26169882
Bedrooms 5
Lot Size 0.346 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
Exceptional opportunity to acquire a 9-unit multi-family community in the highly desirable city of Montebello! Offered at $1,972,500, less than $220,000 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 6.85% CAP Rate, 10.30 GRM, and a 5.72% cash-on-cash return, while providing additional upside through market rent alignment with projected financials of a 7.24% CAP Rate, 9.90 GRM, and a 6.83% cash-on-cash return. 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. Additional opportunity: The adjoining 9-unit property (MLS# CV26169898) is also available for purchase, creating a rare opportunity to acquire 18 units across two separate parcels. Whether purchased individually or as part of the combined offering, this property combines strong in-place cash flow, compelling price-per-unit value, and meaningful upside potential, making it an excellent addition to any multifamily 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 6347001004
Read Less Info
Listed by Kristopher German, DRE#01800021 RE/MAX 2000 REALTY
Nearby School & Business
Get More Information
