NOT LISTED FOR SALE

311 W Lohart Ave Montebello, CA 90640

28 Beds
28 Baths
11,484 Sq Ft
0.38 Acres

Last Sold April 07, 2020

Last sale price $3,240,000 $282 Per Sq Ft

42 Days on Market

About This Home

As of April 2020

We are pleased to present a great opportunity to own in Desirable Montebello. A well-maintained 14 Unit Townhome-Style Apartment Building with an Excellent Unit Mix of ALL 2 Bedroom & 1.5 Bathroom units. Property features Newer 1973 Construction, Large Units Averaging 820 Sq.Ft with Private Balcony, On-Site Secured Parking and Secured Entrance with Additional Income Procured from On-Site Laundry Room. This investment offering provides Strong In-Place Rents, Attractive Cash-flow with Rental Upside Potential of +/- 31%. Great addition to any Investment Portfolio or Exchange Upleg Purchase. Centrally located to many Shops, Restaurants on Whittier Blvd. Quick and convenient access to the Major 5, 605, 60 & 710 Freeways. Please note, California recently passed state-wide rent control in Assembly Bill 1482. Please be sure to review these new laws to ensure that you are compliant with their restrictions.

Last Agent to Sell the Property

Shant Sherbetdjian

Remax Commercial and Investment Realty License #01713570 Listed on: 12/17/2019

Remax Commercial and Investment Realty

Last Buyer's Agent

Shant Sherbetdjian

Remax Commercial and Investment Realty License #01713570 Listed on: 12/17/2019

Remax Commercial and Investment Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1973

Lot Details

  • 0.38 Acre Lot

Interior Spaces

  • 11,484 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 28 Bedrooms
  • 28 Bathrooms

Parking

  • 19 Parking Spaces
  • Covered Parking

Community Details

  • 2 Buildings
  • 14 Units

Listing and Financial Details

  • Assessor Parcel Number 6349-020-042

Property Details

Home Type

Multi-Family

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 11484
  • Manager Expense: 21600.00
  • Stories: 2
  • Year Built: 1973
  • Number Of Photos: 21
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 28
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 28.00
  • Den: 0
  • Price Per S Q F T: 296.24

Exterior Features

  • Other Structures: None
  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Covered Parking
  • Total Parking: 19

Utilities

  • Electric Expense: 1404.00
  • Water Expense: 6874.00

Condo/Co-op/Association

  • Professional Management: 9046.00

Fee Information

  • Gas Expense: 516.00
  • Insurance Expense: 2912.00
  • Maintenance Expense: 14107.00
  • Trash Expense: 4032.00

Lot Info

  • Assessed Improvement Value: 844163
  • Assessed Land Value: 800871
  • Assessor Parcel Number: 6349-020-042
  • Geocode Override: No
  • Lot Size Area: 16353

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 14.59
  • Number Of Units: 14
  • Total Annual Expense: 109775
  • Type Of Units: 2-Story Apt
  • Vacancy Rate: 3%

Tax Info

  • Tax Expense: 48001.00

Range of Values:

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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 Change Sq Ft Price
04/07/2020 04/07/20 Sold $3,240,000 -4.8% $282 / Sq Ft
01/28/2020 01/28/20 Pending -- -- --
12/20/2019 12/20/19 Price Changed $3,402,000 +3.4% $296 / Sq Ft
12/17/2019 12/17/19 For Sale $3,290,000 -- $286 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Shant Sherbetdjian

    Seller's Agent in 2020

    Shant Sherbetdjian

    RE/MAX

    (626) 657-8135

    11 in this area

    56 Total Sales

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Map

Source: The MLS

MLS Number: 19-537284

The MLS

California Los Angeles County Montebello 90640

311 W Lohart Ave, Montebello, CA

This home is located at 311 W Lohart Ave, Montebello, CA 90640 since 17 December 2019. This property was built in 1973. 311 W Lohart Ave is a home located in Los Angeles County with nearby schools including La Merced Elementary School, La Merced Intermediate School, and Montebello High School.

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