14
See all 14 photos
$1,275,000
Est. payment /mo
1 Bed
1 Bath
5,504 Sqft Lot
New
698 W Olympic Montebello, CA 90640
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC26203738
Bedrooms 1
Lot Size 5,504 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Clean six-unit investment opportunity located in a desirable residential neighborhood of Montebello. The property features six 1-bedroom, 1-bathroom units that were extensively renovated in 2020, providing investors with a well-maintained, low-maintenance asset. A RUBS program is in place to help offset water and trash expenses and improve operating efficiency. The property is not subject to local rent control and is governed by AB 1482. Offering a 6.25% CAP Rate at an attractive price point, this is an excellent starter investment or addition to an existing multifamily portfolio.
Location
State CA
County Los Angeles
Zoning Assessor
Direction North on Bluff Rd, Left on Los Angeles Ave, Left on 7th St
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Listed by Pat Swanson, DRE#01382974 Pat Swanson
NEARBY SCHOOL & BUSINESS
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