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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.

Overview

Property Status
Sold
Lot Size
0.36 Acres
MLS ID
23302931
Property Type
Residential
Year Built
1947

Features & Amenities

Neighborhood
Montebello
Stories
1
Garage Spaces
6.0
Pool
None
Parking
Garage
Heat Type
Wall Furnace
Laundry Room
See Remarks
Security Features
Gated Community
Sales Price
$1,650,000
Zoning
MNR3YY

Downloads

1009 W Los Angeles Avenue

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Thank you

for your interest in 1009 W Los Angeles Avenue, Montebello, CA 90640

1009 W Los Angeles Avenue
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  • CallCorrine Liu

    License #2065580

    (909) 344-6511
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