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

Type

Apartment

Bedrooms

5

Building size

3,432 sqft

Lot size

14,212 sqft

Year built

1948

Stories

1

Garage spaces

2

Heating

Wall Furnace

Cooling

Wall/Window Unit(s)

Pool

None

View

None

Status

Active

Days on market

1

MLS #

248453975

About this property

Five-unit residential apartment situated on an approximately 14,212-square-foot lot in Montebello, California. The property consists of two separate single-story buildings, offering a functional layout and convenient access for residents. Each unit is separately metered for gas and electricity and features their own water heater and access to a wall-mounted air conditioning unit. The front residence offers a 2-bedroom, 1-bathroom layout with a private backyard, while the four rear units each feature a 1-bedroom, 1-bathroom layout and share an open common area that provides additional outdoor space for residents. The property's generous lot size offers potential for future income-producing improvements, including possible storage units, subject to applicable zoning and city approvals. The existing detached garage is currently in the owner's possession and may present an additional opportunity for future ADU development, subject to feasibility and required approvals. This property presents investors with an opportunity to acquire a five-unit multifamily asset with potential rental income upside. The combination of existing rental units and potential future improvements offers an opportunity to enhance the property's income-producing capabilities and long-term investment value.

Location

724 Date

Montebello, Los Angeles, CA, 90640