3101 Via San Delarro, Montebello, CA 90640

$2,275,000

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List Price
$2,275,000
Status
ACTIVE
Days on Market
2
MLS#
CV26183794
Subtype
Residential Income
Year Built
1947
Lot Size
11,512
Acres
0.26
MLS Area Major
Montebello (674)

Property Description

Just Listed! Rare opportunity to acquire a pride-of-ownership 9-unit apartment property in a highly desirable North Montebello location, just north of Beverly Boulevard and steps from Quiet Cannon Golf Course. Offering an excellent combination of location, property condition, and desirable unit sizes, this well-maintained asset is ideally positioned for investors seeking a quality long-term multifamily investment. The property is comprised of three individual triplex structures with an attractive unit mix of three 2-Bedroom/1-Bath units and six 1-Bedroom/1-Bath units. Six of the units feature desirable single-level construction, while three units are positioned above garage parking. In total, the property offers approximately 5,439 rentable square feet on an 11,512 sq. ft. lot. The property has benefited from numerous improvements, including updated electrical subpanels throughout and updated interiors in most units, reducing near-term capital needs and reinforcing its pride-of-ownership condition. Residents enjoy onsite garage parking and private laundry hookups, while electricity and gas are separately metered and paid directly by the tenants. Located in one of Montebello's most desirable rental pockets, with convenient access to shopping, dining, schools, major transportation routes, and recreational amenities, this property offers the combination investors look for: strong rental fundamentals, desirable construction, quality improvements, and an exceptional North Montebello location. Seller may offer private financing to a well qualified buyer.

Additional Information

Interior Features
All Bedrooms Down
Zoning
MNR1YY
Air Conditioning
Yes
Stories
One Level
Levels
One
Roof
Shingle
Pool Type
None
Parking Features
Door-Single, Garage
Garage Spaces
9
View
None

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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Kristopher German (kris@theapartmentdealer.com) from Listing Office: RE/MAX 2000 REALTY.

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.