Welcome to Montebello's newest investment opportunity! This charming COTTAGE STYLE single-story 11-unit/HOME STYLE complex. UPSIDE GALORE. These buildings are nestled in a prime location in the heart of the city, providing easy access to shopping, dining, and entertainment options that Montebello has to offer. The property features 11 spacious units, are well-maintained and are in good condition. Long standing tenancy. 10 of the UNITS are 2 bedroom and 2 bathroom. 1 unit is 3 bedroom and 2 bathroom, each with an attached garage. All units are fully occupied. The property is designed with tenant convenience in mind, featuring 10 car garages with easy access to each unit and an additional separate parking spaces. Huge lot up front for play or further development. One of the most attractive features of this property is its separately metered utilities, making it easy for tenants to manage their own bills and ensuring a hassle-free experience for the landlord. This can help to attract long-term tenants and reduce turnover, providing a stable and reliable source of income for the savvy investor. This building is in R3 zoning and property lot size is just under one acre. Close by to the bus line running on S Greenwood Ave and the Montebello/Commerce Metrolink Station. Overall, this 11-unit complex apartment building is an exceptional investment opportunity that checks all the boxes for both seasoned investors and those looking to enter the market for the first time. Don't miss your chance to own this hidden gem in Montebello - schedule a viewing today!
The real estate listing information is provided by California Regional MLS, Inc. and/or CARETS® for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing or leasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS, Inc. and/or CARETS®. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns the web site. Information is deemed reliable but not guaranteed, and consumer is responsible for verifying the accuracy of all information. Copyright © California Regional MLS, Inc. and/or CARETS®. All Rights Reserved. Updated: 30th September, 2023 1:35 AM (UTC)