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We are pleased to present for sale, 6 Deluxe units in a highly desirable North Montebello location, consisting of spacious 2 and 3 bedroom units, ALL OCCUPIED UNITS. Situated just North of Whittier Blvd, this investment opportunity yields excellent cash flow with a 6.11% Cap Rate and 11.15 GRM on scheduled rents. The building has a desirable unit mix of (Four) 3 bed + 1.75 bath and (Two) 2 bed + 1 bath units. With many recent capital improvements, some units have been renovated with new paint, windows, floors, shower, vanity and more. Tenants enjoy the convenience of on-site laundry and covered parking. The upper level units have vaulted ceilings. This property is a short distance to many shops and restaurants on Whittier Blvd. Buyer has the option to Assume the Current CHASE Loan ($925,000) at 3.41% Interest Rate Fixed until 12/2025. Property is subject to the statewide AB1482 rent ordinance, with no local rent control.
Property Type(s):
Residential Income
| Last Updated | 8/28/2024 | Year Built | 1960 |
|---|---|---|---|
| Community | Montebello | County | Los Angeles |
Additional Details
| APPLIANCES | Disposal |
|---|---|
| AREA | Montebello |
| GARAGE | Covered |
| LOT | 7819 sq ft |
| PARKING | Covered |
| STORIES | 2 |
| ZONING | MNR3YY |
Location
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Listed with Remax Commercial and Investment Realty
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