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Diego Magdaleno

diego@1visionproperties.com +1(714) 676-7271

$2,300,000

Est. payment - /mo

9 Beds

8 Baths

5,693 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 5,693 sqft

Price per Sqft $404

MLS Listing ID 25591067

Bedrooms 9

HOA Y/N No

Year Built 1951

Lot Size 0.328 Acres

Lot Dimensions Assessor

Property Description

We are pleased to present this rare North Montebello investment opportunity. Ideally located between Beverly Boulevard and Whittier Boulevard, the property offers residents convenient access to shopping, dining, and community amenities. Owned and meticulously maintained by the same family since 1987, this asset is being offered for sale for the first time in 38 years. The property features eight oversized units within two side-by-side fourplexes, providing spacious living accommodations and true pride-of-ownership appeal. Positioned on two separate parcels, each unit includes private garage parking with potential for additional value through ADU development. All units are separately metered for gas and electricity and include individual water heaters, ensuring efficient utility management and reduced operating expenses. The electrical panels have been fully upgraded, eliminating costly concerns for future ownership. Situated on a prominent corner lot, the property boasts excellent curb appeal and an 80 Walk Score, underscoring its pedestrian-friendly location. Governed solely by the statewide AB1482 Rent Ordinance, it is not subject to any additional local rent control restrictions, offering investors greater flexibility in operations. This is a truly exceptional opportunity to acquire a long-held, well-maintained asset in one of Montebello's most desirable neighborhoods. Please note, this sale includes 2 separate fourplexes situated side by side, all information provided is at the combined size, income and financial characteristics.

Location

State CA

County Los Angeles

Area 674 - Montebello

Zoning MNR3YY

Interior

Fireplace No

Laundry Laundry Room

Exterior

Parking Features Garage

Garage Spaces 8.0

Garage Description 8.0

Total Parking Spaces 8

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 6346012001

Special Listing Condition Standard

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Listed by Shant Sherbetdjian Remax Commercial and Investment Realty

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701 W Madison AVE Montebello, CA 90640