$ 2,095,000
-
$2,095,000
Price -
6
Bed -
10
Bath -
4,560
SqFt
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About the Listing 51247 - CV33418
Price Reduced! Rare opportunity to acquire two side-by-side 5-unit properties in the city of Montebello, offering 10 total units across two separate parcels in one of the area's most supply constrained multi-family markets. Now offered at $2,095,000, only $209,500 per unit, the property provides investors an attractive entry point into a market where apartment inventory rarely becomes available. The investment currently delivers a 5% CAP Rate and 12.6 GRM, with an estimated 25% upside in rental income, creating an opportunity for increased cash flow over time. The properties feature a desirable configuration with six single-story units and four second-level units with parking below. The unit mix consists of six 1-Bed/1-Bath units and four Studio apartments. Residents enjoy onsite garage parking, while tenants pay for their own utility usage, creating an efficient operating structure for ownership. Another significant advantage is no local city rent control, providing greater flexibility for investors as they work toward capturing the property's rental upside. Ideally located in a prime Montebello rental pocket just minutes from Montebello Park, Whittier Boulevard, schools, shopping, and major amenities, this offering combines compelling new pricing, strong in-place income, and meaningful rental upside. At just $209,500 per unit, this is an opportunity for investors looking to take advantage of aggressive pricing in the San Gabriel Valley.
Listing Highlights
Interior Details
- Bedrooms: 6
- Bathrooms: 10 Full
- Appliances:
- Air Cond: Wall/Window Unit(s)
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: 0-1 Unit/Acre,No Land Lease
- Garage Capacity: 6 car
- Parking Spaces: 6
- Zoning: MNR3YY
- Roof: Shingle
- Others: 2+ Total Units
- Sewer: Public Sewer
- Parking Features: Door-Single,Garage
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 6337001004
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
221 S Maple Ave Montebello, CA 90640
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