Welcome to Montebello's newest investment opportunity! This charming COTTAGE STYLE single-story 11-unit/HOME STYLE complex. UPSIDE GALORE. These buildings are nestled in a prime location in the heart of the city, providing easy access to shopping, dining, and entertainment options that Montebello has to offer. The property features 11 spacious units, are well-maintained and are in good condition. Long standing tenancy. 10 of the UNITS are 2 bedroom and 2 bathroom. 1 unit is 3 bedroom and 2 bathroom, each with an attached garage. All units are fully occupied. The property is designed with tenant convenience in mind, featuring 10 car garages with easy access to each unit and an additional separate parking spaces. Huge lot up front for play or further development. One of the most attractive features of this property is its separately metered utilities, making it easy for tenants to manage their own bills and ensuring a hassle-free experience for the landlord. This can help to attract long-term tenants and reduce turnover, providing a stable and reliable source of income for the savvy investor. This building is in R3 zoning and property lot size is just under one acre. Close by to the bus line running on S Greenwood Ave and the Montebello/Commerce Metrolink Station. Overall, this 11-unit complex apartment building is an exceptional investment opportunity that checks all the boxes for both seasoned investors and those looking to enter the market for the first time. Don't miss your chance to own this hidden gem in Montebello - schedule a viewing today!
Based on information from CRISNet MLS all data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Updated: 7th June, 2023 7:54 AM (UTC)
Listing Agent: Julie Newman
Listing Office: Keller Williams Realty-Studio City
Attribution contact: 818-432-1500