$1,700,000
$1,795,000 5.3%
Est. payment /mo
10 Beds
5 Baths
4,032 SqFt
Sold on 04/21/2025
137 N 3rd ST Montebello, CA 90640
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Key Details
Sold Price $1,700,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,032 sqft
Price per Sqft $421
MLS Listing ID 25508355
Bedrooms 10
Year Built 1965
Lot Size 6,246 Sqft
Property Description
We are pleased to present FIVE spacious 2 bedroom + 1 bathroom units in desirable North Montebello Location. This prime investment opportunity is situated just North of Whittier Blvd (near Shops and Restaurants and considered "Very Walkable" in an 83-Walk Score. Capital improvements include full copper plumbing, updated electrical panel and all new vinyl windows. All units have garage parking with the convenience of on-site laundry room (with owner-owned laundry machines). Strong in-place rents brings in 12.29 GRM and a 5.43% Cap Rate on current rents. All units are separately metered for gas and electricity. This property is subject to statewide AB1482 rent ordinance (with no local rent control).
Location
State CA
County Los Angeles
Area 674 - Montebello
Zoning MNR3YY
Exterior
Parking Features Garage
Garage Spaces 5.0
Garage Description 5.0
Building
Story 2
New Construction No
Others
Special Listing Condition Standard
Listed by Shant Sherbetdjian • Remax Commercial and Investment Realty
Bought with Yennis Wong • Berkshire Hathaway Home Servic
Bought with Yennis Wong • Berkshire Hathaway Home Servic