List Price: $1.25M

Listing Status: Active

Days on Market: 1

0 Bedrooms · 0 Bathrooms

Property Type: ResidentialIncome

Year Built: 1948

Lot Size: 14,212 sq ft

Garage Spaces: 2

MLS Number: PW26222717

About This Property

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.

Listing provided by: Carlos Skubacz DRE #01474295 626-964-8999 carlos@carlosskubacz.com, RE/MAX 2000

Source: CRMLS, MLS #: PW26222717

The listing office is RE/MAX 2000. Belmont Brokerage Inc. (DRE #02431308) provides buyer representation and consultation. Tour and contact requests go to a Belmont agent.