1009 W Los Angeles Avenue

Montebello , CA 90640

MLS#: 23302931

$1,665,888

Status: Closed
Listing number: 23302931
Listing provided by: Remax Commercial and Investment Realty
Listing agent phone: None
Last update: 2 years ago
On site: 2 years ago
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Property

Beds

6

Full Baths

None

1/2 Baths

None

Year Built

1947

Sq.Footage

3,270

We are pleased to present for sale this rare opportunity to acquire 6 individual single story cottage style detached homes located in Central Montebello. This property has been owned and operated by the same family since 1966 (57 years)! The property is situated on an oversized 15,839 square foot lot which is zoned R3. Given the size and layout of the structures on the lot it is ideal for a buyer who wants to take advantage of the unused land through multiple ADU additions (buyer to verify). These private easy to rent 1 bedroom + 1 bathroom homes also come with a detached garage in the rear of the property. This value add opportunity has a realistic rental upside of +/- 31%. Operating this investment is in the favor of the landlord as gas and electricity are separately metered along with each owner having their own individual water heater. This investment is within a short distance to Whittier Blvd providing an abundance of retail and dining. It is also located down the block from Montebello City Park as well as the Mart of Montebello Shopping Center. Please note, this property is only subject to the statewide AB1482 rent control (which is currently 8.8%). Buyer to verify all property details/ characteristics. Check the property video and call us for more information.

Features & Amenities

Interior

  • Total Bedrooms

    6

  • Bathrooms

    N/A

  • Heating YN

    YES

  • Heating

    Wall Furnace

  • Pet friendly

    N/A

Exterior

  • Garage

    Yes

  • Garage spaces

    6

  • Parking

    Garage

  • Pool

    Yes

  • Pool Features

    None

Area & Lot

  • Lot Size(acres)

    0.3636

  • Property Type

    Residential Income

Price

  • Sales Price

    $1,665,888

  • Sq. Footage

    3, 270

  • Price/SqFt

    $509

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    1

  • Senior Community YN

    NO

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Location

County

Los Angeles

Elementary School

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Listing Courtesy of Shant Sherbetdjian , Remax Commercial and Investment Realty

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Agent LinaMirza

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LinaMirza

Call Lina today to schedule a private showing.

(818) 321-0175

Lina@theosrealty.com


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We are pleased to present for sale this rare opportunity to acquire 6 individual single story cottage style detached homes located in Central Montebello. This property has been owned and operated by the same family since 1966 (57 years)! The property is situated on an oversized 15,839 square foot lot which is zoned R3. Given the size and layout of the structures on the lot it is ideal for a buyer who wants to take advantage of the unused land through multiple ADU additions (buyer to verify). These private easy to rent 1 bedroom + 1 bathroom homes also come with a detached garage in the rear of the property. This value add opportunity has a realistic rental upside of +/- 31%. Operating this investment is in the favor of the landlord as gas and electricity are separately metered along with each owner having their own individual water heater. This investment is within a short distance to Whittier Blvd providing an abundance of retail and dining. It is also located down the block from Montebello City Park as well as the Mart of Montebello Shopping Center. Please note, this property is only subject to the statewide AB1482 rent control (which is currently 8.8%). Buyer to verify all property details/ characteristics. Check the property video and call us for more information.

1009 W Los Angeles Avenue

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