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Travis Breton

travisbreton@gmail.com +1(760) 470-2752

Listed by Kristopher German, DRE #01800021 • RE/MAX 2000 REALTY

$ 1,972,500

Est. payment | -/mo

0.35 Acres Lot

Save

$ 1,972,500

Est. payment | -/mo

Save

0.35 Acres Lot

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRCV26169898

Year Built 1949

Lot Size 0.346 Acres

Source California Regional MLS

Property Description

Exceptional opportunity to acquire a 9-unit multi-family community in the highly desirable city of Montebello. Offered at $1,972,500, less than $220,000 per unit, this offering represents and outstanding value in one of the San Gabriel Valley's most supply-constrained rental markets. The property delivers excellent day-one cash flow with a current 6.86% CAP Rate, 10.20 GRM, and a 5.75% cash-on-cash return, while offering additional upside through market rent alignment with projected financials of a 7.15% CAP Rate, 9.90 GRM, and 6.57% cash-on-cash return. Situated on a 15,056 sq. ft. lot, the property features a desirable unit mix consisting of one 2-Bedroom/1-Bath unit and eight 1-Bedroom/1-Bath units, providing stable occupancy. Tenants pay for electricity and gas, while residents enjoy ample open-space parking and a spacious common area, enhancing the property's overall rental appeal. Conveniently located just off Beverly Boulevard, the property is within close proximity to Beverly Hospital, shopping, dining, and major retail, placing it in one of Montebello's strongest rental corridors. Additional opportunity: The adjoining 9-unit property (MLS #CV26169882)is also available for purchase, allowing investors the rare chance to acquire 18 units across two separate parcel

Location

State CA

County Los Angeles

Area 674 - Montebello

Rooms

Kitchen None

Interior

Cooling Window / Wall Unit

Laundry None

Exterior

Parking Features Other

Garage Spaces 9.0

Pool 31, None

View None

Roof Type Shingle

Building

Story One Story

Water District - Public

Others

Tax ID 6347001003

Special Listing Condition Not Applicable

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(760) 470-2752

travisbreton@gmail.com

1902 Wright Place #200, Carlsbad, CA 92008, USA

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432 N Poplar AVE Montebello, CA 90640