698 W OlympicMontebello, CA 90640
Los Angeles County
Description
Clean six-unit investment opportunity located in a desirable residential neighborhood of Montebello. The property features six 1-bedroom, 1-bathroom units that were extensively renovated in 2020, providing investors with a well-maintained, low-maintenance asset. A RUBS program is in place to help offset water and trash expenses and improve operating efficiency. The property is not subject to local rent control and is governed by AB 1482. Offering a 6.25% CAP Rate at an attractive price point, this is an excellent starter investment or addition to an existing multifamily portfolio.
Property Information
- Property type
- Residential Income
- Sub-type
- Apartment
- Year built
- 1915
- Stories
- 2
- Building area
- 2,304 Sq Ft
- Lot size
- 0.13 acres
- Days on market
- 0
- MLS® Listing#
- OC26203738
Property Features
- Pool
- None
- Laundry
- None
- Community
- Suburban · Sidewalks
- Sewer
- Public Sewer
- Water source
- Public
Directions
North on Bluff Rd, Left on Los Angeles Ave, Left on 7th St
Listing Courtesy: Pat Swanson - 213-864-2862
Presented by: Pat Swanson
Licensed in the state of California.
Montebello Market Statistics
How this home compares to 82 active listings in Montebello, CA
| Montebello median | This listing | |
|---|---|---|
| Median listing price | $960,000 | $1,275,000 |
| Median days on market | 44 | 0 |
| Median Sq Ft | 1,920 | 2,304 |
| Median price / Sq Ft | $481 | $553 |
Market statistics compiled from active EXIT Realty® and MLS listings in Montebello, CA.
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 125 N 4th Street, Montebello, CA | $1,295,000 | 6 | 5 | 2,674 |
| 415 S 6th Street, Montebello, CA | $1,199,000 | — | — | 4 |
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| 6631 El Selinda Avenue, Bell Gardens, CA | $1,250,000 | 8 | 4 | 3,481 |
