CA > Montebello
Montebello, CA 90640,804 N Garfield AVE
Montebello, CA 90640,804 N Garfield AVE,Video Tour
Montebello, CA 90640,804 N Garfield AVE
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Sat
22
Feb
Sun
23
Feb
Mon
24
Feb
Diego Magdaleno

Diego Magdaleno

1Vision Real Estate

+1(714) 376-8652
$7,850,000
Est. payment /mo
48 Beds
48 Baths
27,892 SqFt
Save Video Tour

UPDATED:

02/13/2025 01:28 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 27,892 sqft

Price per Sqft $281

MLS Listing ID 25493507

Bedrooms 48

HOA Y/N No

Year Built 1963

Lot Size 0.790 Acres

Property Description

Discover an exceptional multifamily asset in North Montebello, the Garfield Mission Apartments. This well-maintained 28-unit property offers a diverse mix of (12) 2-bedroom, 1.75-bath units, (8) 2-bedroom, 1.5-bath Two- Story Townhome-style units, and (8) 1-bedroom, 1-bath units. With majority of rents currently eligible for increases, the property presents a realistic rental upside potential of approximately 23%. The property is complemented by strong financials, including a 5.33% cap rate and a 10.93 GIM on the current rents. Situated on North Garfield Avenue, the property is directly across from Top Golf and Quiet Cannon Golf Course/ Country Club and just two blocks from Monterey Park. With a high walkability score of 79, tenants enjoy convenient access to Montebello Plaza and are just minutes from the Monterey Park Shopping Mall. A qualified investor has the option to assume the current CHASE loan at a competitive 3.65% fixed interest rate which is fixed through August 2028, with an approximate balance of $4,326,538. The Garfield Mission Apartments feature charming landscaping, attractive architecture, and plenty of on-site covered parking. Unit amenities include either private balconies or patios, secured entry, and gated parking. Additional monthly income is generated from laundry facilities, storage rentals, pet fees, and extra parking spaces. The property is subject only to California's statewide AB1482 rent ordinance, currently set at 8.9%, with no additional local rent control restrictions.

Location

State CA

County Los Angeles

Area 674 - Montebello

Zoning MNR3YY

Interior

Heating Radiant

Fireplace No

Laundry Laundry Room

Exterior

Parking Features Covered

Porch See Remarks

Total Parking Spaces 42

Building

Story 3

Entry Level Three Or More

Level or Stories Three Or More

New Construction No

Others

Senior Community No

Tax ID 5268002020

Financing Assumed

Special Listing Condition Standard

Read Less Info
California Regional MLS (CRMLS)
Listed by Shant Sherbetdjian • Remax Commercial and Investment Realty
agent-avatar

If you are disappointed with the options available within your budget, let me know. 95% of the time, I can help "tweak" search criteria and find at least 10 properties that are tempting.

+1(714) 376-8652

diego@1visionproperties.com

GET MORE INFORMATION

Name
Phone
Message

By checking this box, I agree by electronic signature to (1) the Electronic Disclosure Consent; (2) receive recurring marketing communication from or on behalf of 1Vision Real Estate, including auto-dialed calls, texts, and prerecorded messages (consent not required to make a purchase; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for help); and (3) the Terms of Service and Privacy Policy of this website. I understand that I can call +1(714) 376-8652 to obtain direct assistance.

Go tour this home

804 N Garfield AVE

QUICK SEARCH
VIEW MORE