Montebello, CA 90640,1009 W Los Angeles AVE
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Montebello, CA 90640,1009 W Los Angeles AVE
Montebello, CA 90640,1009 W Los Angeles AVE
Montebello, CA 90640,1009 W Los Angeles AVE
Montebello, CA 90640,1009 W Los Angeles AVE

$1,650,000

Est. payment /mo

$1,665,888

1.0%
Est.Price: ?

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1009 W Los Angeles AVE Montebello, CA 90640

6 Beds

6 Baths

3,270 SqFt

SOLD DATE : 09/12/2023

Key Details

Sold Price $1,650,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 3,270 sqft

Price per Sqft $504

MLS Listing ID 23302931

Sold Date 09/12/23

Bedrooms 6

HOA Y/N No

Year Built 1947

Lot Size 0.364 Acres

Property Description

We are pleased to present for sale this rare opportunity to acquire 6 individual single story cottage style detached homes located in Central Montebello. This property has been owned and operated by the same family since 1966 (57 years)! The property is situated on an oversized 15,839 square foot lot which is zoned R3. Given the size and layout of the structures on the lot it is ideal for a buyer who wants to take advantage of the unused land through multiple ADU additions (buyer to verify). These private easy to rent 1 bedroom + 1 bathroom homes also come with a detached garage in the rear of the property. This value add opportunity has a realistic rental upside of +/- 31%. Operating this investment is in the favor of the landlord as gas and electricity are separately metered along with each owner having their own individual water heater. This investment is within a short distance to Whittier Blvd providing an abundance of retail and dining. It is also located down the block from Montebello City Park as well as the Mart of Montebello Shopping Center. Please note, this property is only subject to the statewide AB1482 rent control (which is currently 8.8%). Buyer to verify all property details/ characteristics. Check the property video and call us for more information.

Location

State CA

County Los Angeles

Area 674 - Montebello

Zoning MNR3YY

Interior

Heating Wall Furnace

Fireplace No

Laundry See Remarks

Exterior

Parking Features Garage

Garage Spaces 6.0

Garage Description 6.0

Pool None

Community Features Gated

Attached Garage No

Total Parking Spaces 6

Private Pool No

Building

Story 1

Entry Level One

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 6350010004

Security Features Gated Community

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Shant Sherbetdjian • Remax Commercial and Investment Realty
Bought with CORRINE LIU • Pinnacle Real Estate Group

Trevor Smith

Real Estate Broker | License ID: DRE 01700986

+1(858) 539-9999

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