$1,100,000
UNDER CONTRACT $100K PRICE DROP

2225 W Beverly Blvd Montebello, CA 90640

Estimated payment $7,283/month

Total Views 9,841
6 Beds
4 Baths
2,974 Sq Ft
$370 Price per Sq Ft

Highlights

  • Traditional Architecture
  • Laundry Room
  • Central Heating and Cooling System
  • No HOA
  • Tile Flooring

About This Home

Great Investment Opportunity! In the middle of a desired area of Montebello. 3 units investment property with 4 single car garages. Each Unit has 2 bed 1 bath. Separately metered for gas and electricity, and each unit has washer and dryer hook ups. Well located building that is walking distance to shopping, transportation, and restaurants. Property can be sold with identical 3 unit building next door at 2229 W. Beverly Blvd. Each building is on it's own parcel and have separate APN #'s.

Listing Agent

Greg Rodriguez

Peralta and Associates RE Brokers Brokerage Phone: 626-347-7123 License #01352563 Listed on: 11/09/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,492

Year Built

  • Built in 1956

Lot Details

  • 4,723 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • Public Parking
  • Rear-Facing Garage
  • Single Garage Door
  • On-Street Parking

Home Design

  • Triplex
  • Traditional Architecture
  • Slab Foundation
  • Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,974 Sq Ft Home
  • 2-Story Property
  • Blinds
  • Laundry Room

Kitchen

  • Gas Oven
  • Gas Cooktop

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 8
  • Tax Tract Number 20699
  • Assessor Parcel Number 6343008046
  • $737 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Gardener Expense $2,400
  • Insurance Expense $5,000
  • Professional Management Expense $5,120
  • Trash Expense $800
  • Water Sewer Expense $4,800
  • New Taxes Expense $25,000
  • Operating Expense $18,120
  • Gross Income $64,000
  • Net Operating Income $45,880

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,492

Year Built

Built in 1956

Lot Details

0

Parking

4

Listing Details

  • CapRate: 3.80
  • Other Phone Description: 6263477123
  • Price Per Unit: 366667
  • Professional Management Expense: 5120.00
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 4800.00
  • Zoning: MNR3YY
  • Architectural Style: Traditional
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 2400.00
  • Parcel Number: 6343008046
  • Year Built: 1956
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: UnderContract

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: 1st floor
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate, Tile
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 369.87
  • Window Features: Blinds

Exterior Features

  • Foundation: Slab
  • Fence: No
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking Features: Garage Faces Rear, Garage - Single Door, Public, Street
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Range, Gas Cooktop
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 800.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 4723.00
  • Lot Size Acres: 0.1084

Rental Info

  • Tenant Pays: All Utilities, Cable TV, Electricity

Multi Family

  • Gross Income: 64000.00
  • Gross Operating Income: 64000.00
  • Gross Scheduled Income: 64000.00
  • Insurance Expense: 5000.00
  • Lot Size Area: 4723.0000 Square Feet
  • Net Operating Income: 45880.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 18120.00
  • Rent Control: No
  • Total Actual Rent: 5303.00
  • Total Expenses: 18120.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 25000.00
  • Tax Census Tract: 5302.04
  • Tax Lot: 8
  • Tax Tract Number: 20699
  • TaxOtherAnnualAssessmentAmount: 737.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $14,492 $1,040,400 $728,280 $312,120
2024 $14,492 $1,020,000 $714,000 $306,000
2023 $14,480 $1,000,000 $700,000 $300,000
2022 $11,531 $798,357 $479,015 $319,342
2021 $11,145 $782,704 $469,623 $313,081
2020 $11,057 $774,679 $464,808 $309,871
2019 $10,718 $759,491 $455,695 $303,796
2018 $10,895 $744,600 $446,760 $297,840
2017 $10,650 $730,000 $438,000 $292,000
2016 $1,635 $81,507 $16,500 $65,007
2015 $1,561 $80,284 $16,253 $64,031
2014 $1,557 $78,712 $15,935 $62,777
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/03/2025 06/03/25 Price Changed $1,100,000 -8.3% $370 / Sq Ft
11/09/2024 11/09/24 For Sale $1,200,000 +64.4% $403 / Sq Ft
08/30/2016 08/30/16 Sold $730,000 0.0% $245 / Sq Ft
07/14/2016 07/14/16 Pending -- -- --
07/06/2016 07/06/16 For Sale $730,000 -- $245 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Grant Deed $2,000,000 Western Resources Title
Grant Deed -- --
Grant Deed -- Accommodation
Grant Deed $730,000 Fntg
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $500,000 New Conventional
Previous Owner $511,000 New Conventional
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW24229411

California Regional Multiple Listing Service (CRMLS)

APN: 6343-008-046