$4,500,000
$4,500,000
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0.94 Acres Lot
SOLD DATE : 07/16/2021
Key Details
Sold Price $4,500,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID AR21028088
Sold Date 07/16/21
HOA Y/N No
Year Built 1959
Lot Size 0.940 Acres
Property Description
Great investment opportunity to purchase a bungalow style single story 17 unit multi family apartment building situated on a huge 40,740 SF lot. Prime Montebello Area. Close to transportation, bus and metro link. NO vacancies, no unpaid rents, 100% occupied, plenty of parking spaces and garages. 9 buildings, great unit mix, one house 3 bedrooms/2 baths, one car garage and one parking space, 13 units 2 bedrooms/1 bath each with an attached one car garage and one parking space, and 3 units 1 bedroom/ 1 bath with one parking space. Each unit has it's own yard, common area laundry facility and an on site manager. Marketable rent, high cap, low maintenance, easy to manage, and separate utility meters. Also an excellent investment and development opportunity for a 1031 exchange Buyer.
Location
State CA
County Los Angeles
Area 674 - Montebello
Zoning MNR3YY
Interior
Interior Features Bedroom on Main Level
Cooling Wall/Window Unit(s)
Flooring Laminate, Wood
Fireplace No
Appliance Dryer, Washer
Laundry Common Area
Exterior
Garage Assigned, Door-Single, Garage, On Site, One Space
Garage Spaces 14.0
Garage Description 14.0
Fence Wood
Pool None
Community Features Street Lights
View Y/N No
View None
Roof Type Shingle
Parking Type Assigned, Door-Single, Garage, On Site, One Space
Total Parking Spaces 34
Private Pool No
Building
Lot Description Lot Over 40000 Sqft, Walkstreet
Story One
Entry Level One
Sewer Public Sewer
Water Public
Architectural Style Bungalow
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 6353010009
Security Features Resident Manager
Energy Description 1158.0
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Financing Conventional
Special Listing Condition Standard
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Bought with YVONNE MATLOFF • TSE REALTY & MANAGEMENT SERVIC
Real Estate Agent & Loan Officer | License ID: 02076931
+1(949) 226-1789 | realestateaminzarif@gmail.com