221 S Maple Avenue, Montebello, CA 90640
- $2,150,000
- List Price
- $2,150,000
- Price Change
- ▼ $145,000 1782182910
- Status
- ACTIVE
- MLS#
- CV26115746
- Year Built
- 1947
- Lot Size
- 12,178
- Acres
- 0.28
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 57
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- One Level
Property Description
Just Listed...Excellent Price Per Unit! Rare opportunity to acquire two side-by-side 5-unit properties in the city of Montebello, offering investors the chance to purchase 10 total units across two separate parcels in one of the area’s most supply-constrained rental markets. Offered at $2,150,000, this unique investment features a desirable layout with six single-story units and four second-level units with parking below. The property offers an efficient unit mix consisting of six 1-Bed/1-Bath units and four Studio apartments, appealing to a broad range of tenants and supporting strong occupancy. Residents benefit from onsite garage parking, while investors benefit from tenants paying for their own utility usage, helping keep operating expenses under control. A major advantage of this offering is the absence of local city rent control, providing investors with greater operational flexibility and long-term rental growth potential. With a massive 30% upside in rental income, the property presents a clear value-add opportunity to significantly increase cash-flow over time. Located in a prime Montebello rental pocket just minutes from Montebello Park, Whittier Boulevard, schools, and major amenities, this is a rare chance to invest in a market where multifamily inventory rarely becomes available.
Additional Information
- Pool Description
- None
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- View
- None
- Roof
- Shingle
- Garage Spaces Total
- 6
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 10
- Gross Scheduled Income
- $165,360
- Operating Expense
- 54638
Listing courtesy of Listing Agent: Kristopher German (kris@theapartmentdealer.com) from Listing Office: RE/MAX 2000 REALTY.
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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, 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.