Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

5

Building size

2,674 sqft

Lot size

6,255 sqft

Year built

1953

Stories

2

Garage spaces

4

Status

Active

Days on market

154

MLS #

240981843

About this property

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

125 N 4th Street

Montebello, Los Angeles, CA, 90640