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$ 6,150,000
Est. payment | /mo
19,013 SqFt
$ 6,150,000
Est. payment | /mo
19,013 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 19,013 sqft
Price per Sqft $323
MLS Listing ID CL25521395
HOA Y/N No
Year Built 1988
Lot Size 0.663 Acres
Acres 0.66
Property Sub-Type Other
Property Description
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. All units have central A/C & Heat, 2-Garage parking and private patios. This pride of ownership property has undergone many recent capital improvements such as; a new roof (in 2018), full copper plumbing (in 2019), and 11 of the 16 A/C Units were replaced (in the last 3 years). 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.
Location
State CA
County Los Angeles
Zoning MNR3
Interior
Cooling Central Air
Fireplace No
Laundry Laundry Room
Building
New Construction No
Others
Tax ID 6350022059
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Listed by Shant Sherbetdjian • Remax Commercial and Investment Realty