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$2,300,000
Est. payment /mo
9 Beds
8 Baths
5,693 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 5,693 sqft
Price per Sqft $404
MLS Listing ID 25591067
Bedrooms 9
HOA Y/N No
Year Built 1951
Lot Size 0.328 Acres
Lot Dimensions Assessor
Property Description
We are pleased to present this rare North Montebello investment opportunity. Ideally located between Beverly Boulevard and Whittier Boulevard, the property offers residents convenient access to shopping, dining, and community amenities. Owned and meticulously maintained by the same family since 1987, this asset is being offered for sale for the first time in 38 years. The property features eight oversized units within two side-by-side fourplexes, providing spacious living accommodations and true pride-of-ownership appeal. Positioned on two separate parcels, each unit includes private garage parking with potential for additional value through ADU development. All units are separately metered for gas and electricity and include individual water heaters, ensuring efficient utility management and reduced operating expenses. The electrical panels have been fully upgraded, eliminating costly concerns for future ownership. Situated on a prominent corner lot, the property boasts excellent curb appeal and an 80 Walk Score, underscoring its pedestrian-friendly location. Governed solely by the statewide AB1482 Rent Ordinance, it is not subject to any additional local rent control restrictions, offering investors greater flexibility in operations. This is a truly exceptional opportunity to acquire a long-held, well-maintained asset in one of Montebello's most desirable neighborhoods. Please note, this sale includes 2 separate fourplexes situated side by side, all information provided is at the combined size, income and financial characteristics.
Location
State CA
County Los Angeles
Area 674 - Montebello
Zoning MNR3YY
Interior
Fireplace No
Laundry Laundry Room
Exterior
Parking Features Garage
Garage Spaces 8.0
Garage Description 8.0
Total Parking Spaces 8
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 6346012001
Special Listing Condition Standard
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Listed by Shant Sherbetdjian Remax Commercial and Investment Realty
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Devin McNichol & Aaron Bernbach
Agent | License ID: 02038322
Agent License ID: 02038322