Description
What if your next investment property already came with six renovated units producing stable rental income in one of Montebello’s strongest rental markets? We are pleased to present a turn-key 6-unit investment opportunity in the heart of Montebello, offering investors a rare chance to acquire a well-maintained, income-producing property with strong rental demand. The property features six renovated 1-bedroom, 1-bathroom units that are easy to rent and professionally owned and operated, making this an ideal asset for investors seeking stable cash flow and long-term appreciation. Ownership has completed numerous recent renovations and capital improvements, allowing a new owner to step into a low-maintenance, professionally managed asset from day one. Each unit is separately metered for gas and electricity, and the owner has implemented a RUBS (Ratio Utility Billing System) for water and trash, helping reduce operating expenses and improve overall property efficiency. Tenants benefit from the property’s prime central location near Whittier Boulevard, placing them within close proximity to a wide range of shopping, dining, and everyday conveniences. The property also offers excellent regional connectivity with easy access to the 5, 60, 605, and 710 freeways, making commuting throughout Los Angeles County convenient. With renovated units, strong in-place rental income, and a desirable location in the San Gabriel Valley, this property presents an excellent opportunity for investors seeking a stable long-term hold or a strategic 1031 exchange acquisition.
Details
| MLS # | WS26051036 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1915 |
| Days On Site | 170 |
| Listing Provided By | eXp Realty of California Inc | CLARENCE YEUNG |
Features
| SQ Feet | 2,304 |
|---|---|
| Story(s) | 2 |
| Units | 6 |
| Building(s) | 1 |
| Acreage | 0.13 |
Interior
| Fireplace Yes / No | No |
|---|
Exterior
| Lot Features | Corner Lot |
|---|
Parking
| Parking Features | Asphalt |
|---|---|
| Garage Yes / No | No |
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Sidewalks |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Montebello |
| Zip Code | 90640 |
| Area | 674 Montebello |
| Listing VS Median (in 90640) | |
Price: $1,375,000 low | high Med: $878,495 sqft: 2,304 low | high Med: 1,823 $ / sqft: $597 low | high Med: $483 On site: 170 low | high Med: 29.5 | |
Market Activity 90640
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Montebello |
| Zip Code | 90640 |
| Area | 674 Montebello |
| Listing VS Median (in 90640) | |
Price: $1,375,000 low | high Med: $878,495 sqft: 2,304 low | high Med: 1,823 $ / sqft: $597 low | high Med: $483 On site: 170 low | high Med: 29.5 | |
