$1,700,000
SOLD APR 21, 2025

137 N 3rd St Montebello, CA 90640

10 Beds
5 Baths
4,032 Sq Ft
6,246 Sq Ft Lot

Recently Sold

$422 Per Sq Ft

5% Below List Price

24 Days on Market

About This Home

As of April 2025

We are pleased to present FIVE spacious 2 bedroom + 1 bathroom units in desirable North Montebello Location. This prime investment opportunity is situated just North of Whittier Blvd (near Shops and Restaurants and considered "Very Walkable" in an 83-Walk Score. Capital improvements include full copper plumbing, updated electrical panel and all new vinyl windows. All units have garage parking with the convenience of on-site laundry room (with owner-owned laundry machines). Strong in-place rents brings in 12.29 GRM and a 5.43% Cap Rate on current rents. All units are separately metered for gas and electricity. This property is subject to statewide AB1482 rent ordinance (with no local rent control).

Last Agent to Sell the Property

Shant Sherbetdjian

Remax Commercial and Investment Realty License #01713570 Listed on: 03/07/2025

Remax Commercial and Investment Realty

Last Buyer's Agent

Yennis Wong

Berkshire Hathaway Home Servic License #01344042

Berkshire Hathaway Home Servic

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Parking

  • 5 Car Garage

Interior Spaces

  • 4,032 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 5 Bathrooms

Additional Features

  • 6,246 Sq Ft Lot
  • Cooling System Mounted In Outer Wall Opening

Community Details

  • 5 Units
  • Vacancy Allowance $4,382

Listing and Financial Details

  • Assessor Parcel Number 6346-023-012

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Parking

5

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 4032
  • Lot Acreage: 0.1434
  • Stories: 2
  • Year Built: 1965
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 10
  • Total Bathrooms: 5.00
  • Price Per S Q F T: 445.19

Exterior Features

  • Other Structures: None

Garage/Parking

  • Garage Spaces: 5
  • Parking Garage: Garage
  • Total Parking: 5

Utilities

  • Cooling: Wall Unit(s)

Lot Info

  • Assessed Improvement Percent: 41.67
  • Assessed Improvement Value: 314009
  • Assessed Land Percent: 58.33
  • Assessed Land Value: 439613
  • Total Assessed Value: 753622
  • Assessor Parcel Number: 6346-023-012
  • Lot Size Area: 6246

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 12.29
  • Number Of Units: 5
  • Total Annual Expense: 44214
  • Type Of Units: Apartment
  • Vacancy Allow: 4382
  • Vacancy Allow Percent: 3.00
  • Vacancy Rate: None

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/21/2025 04/21/25 Sold $1,700,000 -5.3% $422 / Sq Ft
03/31/2025 03/31/25 Pending -- -- --
03/07/2025 03/07/25 For Sale $1,795,000 -- $445 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Shant Sherbetdjian

    Seller's Agent in 2025

    Shant Sherbetdjian

    RE/MAX

    (626) 657-8135

    12 in this area

    55 Total Sales

    Shant Sherbetdjian
    Section Image

  • Y

    Buyer's Agent in 2025

    Yennis Wong

    Berkshire Hathaway Home Servic

    Section Image
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Map

Source: The MLS

MLS Number: 25508355

The MLS
California Los Angeles County Montebello 90640

137 N 3rd St, Montebello, CA

This home is located at 137 N 3rd St, Montebello, CA 90640 and is currently priced at $1,700,000, approximately $421 per square foot. This property was built in 1965. 137 N 3rd St is a home located in Los Angeles County with nearby schools including Fremont Elementary School, La Merced Intermediate School, and Montebello High School.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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