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We are pleased to present a fantastic opportunity in Montebello, 16 Spacious Unit built in 1988 with 3 Bedroom + 1.5 Bathroom Two-Story Townhome Style Apartments, and averaging 1,188 square feet in each unit. Prime investment at full occupancy 100% with a 5.02% Cap Rate on current rents. This pride of ownership property has undergone many recent capital improvements where all units have central A/C & Heat, 2-Garage parking and private patios. Additional income from on-site laundry room. Separate water heaters for each unit and separately metered for gas and electricity. This complex is outlined with eight extra large duplexes on a 28,868 square foot lot zoned MNR3YY. Situated on West Mines Avenue between Greenwood Avenue and South Montebello Boulevard. This property is only subject to the statewide AB1482 rent ordinance (with no local rent control). Income flow for first time investor or exchange up-leg purchase.
Property Type(s):
Residential Income
| Last Updated | 4/7/2025 | Year Built | 1988 |
|---|---|---|---|
| Community | Montebello | County | Los Angeles |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Montebello |
| GARAGE | Door-Multi, Garage, Yes |
| LOT | 0.66 acre(s) |
| PARKING | Door-Multi,Garage |
| STORIES | 2 |
| ZONING | MNR3YY |
Location
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Listed with Remax Commercial and Investment Realty
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