Montebello, CA 90640
$1,295,000
Mark Quesada
Broker / Owner
DRE #02101365
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.
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$9,557/mo
Estimate only. Not a loan offer, pre-approval, or commitment to lend. Taxes, insurance, and HOA are estimates that may differ from actual figures. Contact a licensed lender for a personalized quote.
Pick a day and time — Mark will confirm your private tour.
Construction
Lot & parking
Listed by Shant Sherbetdjian, Remax Commercial and Investment Realty
$875,000
Median sale price
36 days
Avg days on market
99.7% of list
Sells for
Closed sales in 90640 over the last 6 months, all home types.
History reflects records reported to the MLS and may be incomplete.
Actual closed sales from the MLS — not estimates.
