Sold

Closed

840 S Greenwood Avenue

Montebello CA, 90640

$3,100,000


$620.00 per sqft

Sold

Closed

5,000 sqft

Commercial

Built in 1953

Listed by Leo Betancourt with RE/MAX TerraSol 714-308-7838

Welcome to Montebello's newest investment opportunity! This charming single-story 10-unit apartment building has recently undergone a fresh exterior paint job, giving it a new and inviting look. The building is 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 10 spacious units, each boasting their own laundry hookups. The units have been well-maintained and are in excellent condition. Additionally, the building has been thoughtfully designed with tenant convenience in mind, featuring 10 car garages with easy access to each unit and an additional 18 separate parking spaces.

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.

Overall, this 10-unit 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 gem in Montebello - schedule a viewing today!

OC23029056

MLS ID

February 27, 2023

Listed

February 21, 2025

Updated

Interior Features

Total Stories

1


Laundry Description

In Garage, Laundry Room


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Forced Air

Exterior/Building Features

Lot Size

0.83 Acres


Lot Features

0-1 Unit/Acre


Roof

Composition

Other Property Details

Area Name

674 - Montebello


Days on Market

12


Garage

No


Parking Total

18


View

No


County

Los Angeles


Water Source

Public


Utilities

Natural Gas Connected, Sewer Connected, Water Connected

Listing Contact: 714-536-6529 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 2/21/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2025 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 2/21/2025 at 6:33 PM UTC

 

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