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    517 S 6th St

    Montebello, CA 90640
    • $1,150,000
    • STATUS: Active Under Contract
    • ON SITE: 21 days
    • MLS #: 21-742848
    Under Contract
    UPDATED: 53 min ago
    $1,150,000
    • 8
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,248
      SQFT
    • $354
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1959
    County:
    Area:

    School Ratings & Info

    Description

    We are pleased to present another great opportunity, a 4 unit income producing property with an excellent unit mix consisting of 2 bedroom + 1 bathroom units. This hard to find and equally impressive property is situated in an attractive Montebello location with low vacancy rental history. It is the first time this property is being offered for sale in over 20 years! Opportunity for growth with realistic rental upside potential of +/- 37%. Many recent capital improvements include newer windows, kitchen, hardwood floors, doors and more. A fully occupied and very well maintained investment that qualifies for 30 year fixed financing. Property consists of garage parking for all units with, separately metered for gas/ electricity and have separate water heaters for each unit. Tenants enjoy the ease and comfort of laundry hookups in each unit. The property provides access to many shopping centers, super markets, banks, entertainment and public transportation off of Montebello Blvd and Greenwood Avenue.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-24T11:42:41.717. 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.
    www.searchdesertrealestate.com/homes/117821454
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    517 S 6th St Montebello, CA 90640

    • Price: $1,150,000
    • Status: Active Under Contract
    • Updated: 53 min ago
    • MLS #: 21-742848
    8
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    3,248
    SQFT
    $354
    $/SQFT
    1959
    Built
    Neighborhood:
    Montebello
    County:
    Los Angeles
    Area:
    Montebello
    Property Description
    We are pleased to present another great opportunity, a 4 unit income producing property with an excellent unit mix consisting of 2 bedroom + 1 bathroom units. This hard to find and equally impressive property is situated in an attractive Montebello location with low vacancy rental history. It is the first time this property is being offered for sale in over 20 years! Opportunity for growth with realistic rental upside potential of +/- 37%. Many recent capital improvements include newer windows, kitchen, hardwood floors, doors and more. A fully occupied and very well maintained investment that qualifies for 30 year fixed financing. Property consists of garage parking for all units with, separately metered for gas/ electricity and have separate water heaters for each unit. Tenants enjoy the ease and comfort of laundry hookups in each unit. The property provides access to many shopping centers, super markets, banks, entertainment and public transportation off of Montebello Blvd and Greenwood Avenue.
    Exterior Features

    Lot Size Area 6981 Other Structures None Parking Garage Garage Total Parking 4

    Interior Features

    Baths Total 4.00 Cooling Other Equipment Other Heating Other

    Property Features

    Assessed Total Value 364701 Gross Income 61200 Gross Operating Income 60588 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Net Operating Income 33248.00 Number Of Buildings 1 Number Of Units 4 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Assessor Total Annual Expense 27341 Type Of Units Apartment Year Built Source Vendor Enhanced Zoning Mnr3yy

    Listing provided courtesy of Shant Sherbetdjian DRE#01713570 of Remax Commercial And Investment Realty.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-24T11:42:41.717. 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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    The John Jay Group - Bennion Deville Homes
    74996 Highway 111
    Indian Wells CA, 92210