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Listed by Kristopher German, DRE #01800021 • RE/MAX 2000 REALTY
$ 2,095,000
Est. payment /mo
Pending
221 S Maple AVE Montebello, CA 90640
0.28 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
MLS Listing ID CRCV26115746
Year Built 1947
Lot Size 0.280 Acres
Source California Regional MLS
Property Description
Price Reduced! Rare opportunity to acquire two side-by-side 5-unit properties in the city of Montebello, offering 10 total units across two separate parcels in one of the area's most supply constrained multi-family markets. Now offered at $2,095,000, only $209,500 per unit, the property provides investors an attractive entry point into a market where apartment inventory rarely becomes available. The investment currently delivers a 5% CAP Rate and 12.6 GRM, with an estimated 25% upside in rental income, creating an opportunity for increased cash flow over time. The properties feature a desirable configuration with six single-story units and four second-level units with parking below. The unit mix consists of six 1-Bed/1-Bath units and four Studio apartments. Residents enjoy onsite garage parking, while tenants pay for their own utility usage, creating an efficient operating structure for ownership. Another significant advantage is no local city rent control, providing greater flexibility for investors as they work toward capturing the property's rental upside. Ideally located in a prime Montebello rental pocket just minutes from Montebello Park, Whittier Boulevard, schools, shopping, and major amenities, this offering combines compelling new pricing, strong in-place incom
Location
State CA
County Los Angeles
Area 674 - Montebello
Rooms
Kitchen None
Interior
Cooling Window / Wall Unit
Laundry None
Exterior
Parking Features Garage
Garage Spaces 6.0
Pool 31, None
View None
Roof Type Shingle
Building
Story One Story
Water District - Public
Others
Tax ID 6337001004
Special Listing Condition Not Applicable
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