$2,295,000
Just Listed...Excellent Price Per Unit! Rare opportunity to acquire two side-by-side 5-unit properties in the city of Montebello, offering investors the chance to purchase 10 total units across two separate parcels in one of the area’s most supply-constrained rental markets. Offered at $2,295,000, this unique investment features a desirable layout with six single-story units and four second-level units with parking below. The property offers an efficient unit mix consisting of six 1-Bed/1-Bath units and four Studio apartments, appealing to a broad range of tenants and supporting strong occupancy. Residents benefit from onsite garage parking, while investors benefit from tenants paying for their own utility usage, helping keep operating expenses under control. A major advantage of this offering is the absence of local city rent control, providing investors with greater operational flexibility and long-term rental growth potential. With a massive 30% upside in rental income, the property presents a clear value-add opportunity to significantly increase cash-flow over time. Located in a prime Montebello rental pocket just minutes from Montebello Park, Whittier Boulevard, schools, and major amenities, this is a rare chance to invest in a market where multifamily inventory rarely becomes available.
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Listed by Kristopher German with RE/MAX 2000 REALTY (626) 956-0188
Property Type
Apartment
Status
Active
MLS Number
CV26115746
Year Built
1947
Lot Size
0.28 acres