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Tera Rench

terarenchre@gmail.com +1(262) 370-7299

$1,250,000

Est. payment - /mo

0.33 Acres Lot

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Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW26222717

HOA Y/N No

Year Built 1948

Lot Size 0.326 Acres

Property Sub-Type Apartment

Property Description

Five-unit residential apartment situated on an approximately 14,212-square-foot lot in Montebello, California. The property consists of two separate single-story buildings, offering a functional layout and convenient access for residents. Each unit is separately metered for gas and electricity and features their own water heater and access to a wall-mounted air conditioning unit. The front residence offers a 2-bedroom, 1-bathroom layout with a private backyard, while the four rear units each feature a 1-bedroom, 1-bathroom layout and share an open common area that provides additional outdoor space for residents. The property's generous lot size offers potential for future income-producing improvements, including possible storage units, subject to applicable zoning and city approvals. The existing detached garage is currently in the owner's possession and may present an additional opportunity for future ADU development, subject to feasibility and required approvals. This property presents investors with an opportunity to acquire a five-unit multifamily asset with potential rental income upside. The combination of existing rental units and potential future improvements offers an opportunity to enhance the property's income-producing capabilities and long-term investment value.

Location

State CA

County Los Angeles

Area 674 - Montebello

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplaces Type See Remarks

Fireplace Yes

Laundry None

Exterior

Parking Features Assigned

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Curbs, Street Lights, Suburban, Sidewalks

View Y/N No

View None

Total Parking Spaces 6

Private Pool No

Building

Lot Description Front Yard, Rectangular Lot

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 6352002057

Acceptable Financing Submit

Listing Terms Submit

Special Listing Condition Trust

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Listed by Carlos Skubacz RE/MAX 2000 714-290-0936, DRE #01474295

NEARBY SCHOOL & BUSINESS

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724 Date Montebello, CA 90640