Seller's Agent in 2019
Steven Weinberg
Citadel Ventures, Inc.
(818) 992-4896
13 Total Sales
8
Beds
7
Baths
17,110
Sq Ft
0.76
Acres
Highlights
- 0.76 Acre Lot
- Laundry Room
- 2 Car Garage
- Cooling System Mounted To A Wall/Window
- 18 Detached Carport Spaces
About This Home
As of July 2019This investment opportunity consists of a two-story garden apartment complex with 4 buildings and contains 20 units constructed in 1972. This building is approximately 17,110 square feet situated on approximately 35,182 square feet of land. All buildings have pitched roofs. Unit Mix is comprised of 2- 3 bedroom + 2 bathroom townhouses, 7- 2 bedroom + 1-3/4 bathroom, 5- 2 bedroom + 1.5 bathroom townhouses and 6- 1 bedroom + 1 bathroom units. Units have gas wall heaters and in-wall or window electric air conditioning units.
The building amenities consist of laundry room with two washing machines and two dryer’s, and on-site parking for 41 cars. The property is separately metered for gas and electric.
Rents are currently below market offering upside potential of approximately 8%. The City of Montebello currently does not have a rent control ordinance.
The property is located in the Southeast section of the City of Montebello. The property is within three miles of the Pomona (60) Freeway, the Santa Ana (5) Freeway, and the San Gabriel River (605) Freeway. All provide access from Montebello to various areas of Los Angeles County and beyond. Conveniently located to grocery stores, pharmacies, libraries, parks and shopping.
Last Agent to Sell the Property
Citadel Ventures, Inc. License #00857322 Listed on: 04/16/2019
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1972
Lot Details
- 0.76 Acre Lot
- Two or More Common Walls
- Irregular Lot
Parking
- 2 Car Garage
- 21 Open Parking Spaces
- 18 Detached Carport Spaces
- Parking Available
- Driveway Down Slope From Street
Home Design
- Property Attached
Interior Spaces
- 17,110 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 8 Bedrooms
- 7 Bathrooms
Laundry
- Laundry Room
- Leased Washer and Dryer
Utilities
- Cooling System Mounted To A Wall/Window
- Natural Gas Connected
- Septic Type Unknown
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 5
- Tax Tract Number 21792
- Assessor Parcel Number 6349031012
Community Details
Overview
- 4 Buildings
- 20 Units
Amenities
- Laundry Facilities
Building Details
- 20 Leased Units
- 21 Separate Electric Meters
- 21 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,790
- Fuel Expense $4,472
- Gardener Expense $4,500
- Insurance Expense $6,570
- Maintenance Expense $39,003
- Other Expense $3,096
- Professional Management Expense $17,237
- Trash Expense $4,999
- Water Sewer Expense $10,127
- New Taxes Expense $59,125
- Operating Expense $152,003
- Gross Income $372,972
- Net Operating Income $166,130
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/26/2019 07/26/19 | Sold | $4,730,000 | 0.0% | $276 / Sq Ft |
| 04/29/2019 04/29/19 | Pending | -- | -- | -- |
| 04/16/2019 04/16/19 | For Sale | $4,730,000 | -- | $276 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR19177832
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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
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