NOT LISTED FOR SALE

628 Via Altamira Montebello, CA 90640

2 Beds
6 Baths
2,887 Sq Ft
8,020 Sq Ft Lot

Last Sold June 08, 2022

Last sale price $1,345,000 $466 Per Sq Ft

64 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • West Facing Home
  • Wall Furnace
  • Laundry Room

About This Home

As of June 2022

Fantastic 6 Unit Multi-Family Investment opportunity in northern Montebello and NON RENT-CONTOL. This property consists of two (2) Spacious 1 bedroom/1 bath units and four (4) Large studio units spread across 2,887 square feet of building space situated on a 8,020 square foot lot. This NON RENT CONTROL asset with a unique mix of studio and one bedroom units holds a stable occupancy history and strong in-place rents with realistic upside. Centrally located in densely populated neighborhood, freeway close, surrounded by major retailers and businesses. There is also on-site laundry for added income. Well Maintained and managed. Grab it while rate are still low!

Last Agent to Sell the Property

Rossopher Thiers

The Agency License #02039867 Listed on: 03/03/2022

The Agency

Last Buyer's Agent

Rossopher Thiers

The Agency License #02039867 Listed on: 03/03/2022

The Agency

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 8,020 Sq Ft Lot
  • Two or More Common Walls
  • West Facing Home
  • Density is 6-10 Units/Acre

Parking

  • 6 Car Garage
  • Parking Available

Home Design

  • 2,887 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 6 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Additional Features

  • Laundry Room
  • Urban Location

Listing and Financial Details

  • Tax Lot 6
  • Tax Tract Number 24799
  • Assessor Parcel Number 5268005011
  • $1,424 per year additional tax assessments

Community Details

Building Details

  • 6 Leased Units
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $420
  • Fuel Expense $380
  • Insurance Expense $1,300
  • Professional Management Expense $4,027
  • Trash Expense $2,880
  • Water Sewer Expense $3,147
  • Operating Expense $12,154
  • Gross Income $80,544
  • Net Operating Income $56,423

Additional Features

  • 6 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Parking

6

Listing Details

  • Assessments: No
  • Price Per Unit: 224167
  • Professional Management Expense: 4027.00
  • Property Attached: Yes
  • Water Sewer Expenses: 3147.00
  • Zoning: MNR3YY
  • Property Type: Residential Income
  • Parcel Number: 5268005011
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 465.88

Exterior Features

  • Direction Faces: West
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Covered
  • Total Parking Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 2880.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 8020.00
  • Lot Size Acres: 0.1841

Multi Family

  • Electric Expense: 420.00
  • Fuel Expense: 380.00
  • Gross Income: 80544.00
  • Gross Operating Income: 80544.00
  • Gross Scheduled Income: 80544.00
  • Insurance Expense: 1300.00
  • Laundry Income: 2000.00
  • Lot Size Area: 8020.0000 Square Feet
  • Net Operating Income: 56423.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 24121.00
  • Rent Control: No
  • Total Actual Rent: 6.00
  • Total Expenses: 12154.00

Tax Info

  • Tax Census Tract: 5302.03
  • Tax Lot: 6
  • Tax Tract Number: 24799
  • TaxOtherAnnualAssessmentAmount: 1424.00

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 Change Sq Ft Price
06/08/2022 06/08/22 Sold $1,345,000 0.0% $466 / Sq Ft
05/06/2022 05/06/22 Pending -- -- --
04/13/2022 04/13/22 For Sale $1,345,000 0.0% $466 / Sq Ft
03/11/2022 03/11/22 Pending -- -- --
03/03/2022 03/03/22 For Sale $1,345,000 +55.5% $466 / Sq Ft
09/08/2016 09/08/16 Sold $865,000 -6.5% $300 / Sq Ft
08/04/2016 08/04/16 Pending -- -- --
06/24/2016 06/24/16 For Sale $925,000 -- $320 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR22042105

California Regional Multiple Listing Service (CRMLS)