6 Units in Montebello
Clean Six (6) Units in Montebello
All 1 Bedroom / 1 Bath Units
Nice Residential Neighborhood
RUBS Included
No Rent Control
Extensively Renovated in 2020
Portfolio Description
Clean six-unit investment opportunity located in a desirable residential neighborhood of Montebello. The property features six 1-bedroom, 1-bathroom units that were extensively renovated in 2020, providing investors with a well-maintained, low-maintenance asset. A RUBS program is in place to help offset water and trash expenses and improve operating efficiency. The property is not subject to local rent control and is governed by AB 1482. Offering a 6.25% CAP Rate at an attractive price point, this is an excellent starter investment or addition to an existing multifamily portfolio.
Portfolio Key Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Highest & best offer |
| Property Types: | Apartment Buildings |
| Price: | $ 1,148,000 |
| No. of Units: | 2 |
| Cap Rate: | 7.09% |
| GRM /GIM: | 9.99 |
| Year Built: | 1912 |
| Building Size: | 2,305 Sq ft |
| Lot Size: | 5,502 Acres |
| No. of Stories: | 2 |
| Opportunity Zone: | No |
| Price per unit: | $574,000 |
Additional contacts
| Full name | Phone number | Email address |
|---|---|---|
| Pat Swanson | 2138642862 | [email protected] |
| Angel Bautista | 3235593773 | [email protected] |
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