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Listed by Carlos Skubacz, DRE #01474295 • RE/MAX 2000
$ 1,250,000
Est. payment /mo
Active
724 Date Montebello, CA 90640
0.33 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW26222717
Year Built 1948
Lot Size 0.326 Acres
Source California Regional MLS
Property Description
Five-unit residential apartment situated on an approximately 14,212-square-foot lot in Montebello, California. The property consists of two separate single-story buildings, offering a functional layout and convenient access for residents. Each unit is separately metered for gas and electricity and features their own water heater and access to a wall-mounted air conditioning unit. The front residence offers a 2-bedroom, 1-bathroom layout with a private backyard, while the four rear units each feature a 1-bedroom, 1-bathroom layout and share an open common area that provides additional outdoor space for residents. The property's generous lot size offers potential for future income-producing improvements, including possible storage units, subject to applicable zoning and city approvals. The existing detached garage is currently in the owner's possession and may present an additional opportunity for future ADU development, subject to feasibility and required approvals. This property presents investors with an opportunity to acquire a five-unit multifamily asset with potential rental income upside. The combination of existing rental units and potential future improvements offers an opportunity to enhance the property's income-producing capabilities and long-term investment value.
Location
State CA
County Los Angeles
Area 674 - Montebello
Interior
Heating Wall Furnace
Cooling Window / Wall Unit
Laundry None
Exterior
Parking Features Assigned Spaces
Garage Spaces 6.0
Pool None
View None
Building
Story One Story
Water District - Public
Others
Tax ID 6352002057
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