698 W Olympic, Montebello, CA 90640
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Sharad Gupta

Sharad Gupta

+1(408) 401-1003
Listed by Pat Swanson, DRE #01382974 • Pat Swanson
$1,148,000
Est. payment /mo
5,504 Sqft Lot
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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CROC26203738

Year Built 1915

Lot Size 5,504 Sqft

Source California Regional MLS

Property Description

Clean six-unit investment opportunity located in a desirable residential neighborhood of Montebello. The property features six 1-bedroom, 1-bathroom units that were extensively renovated in 2020, providing investors with a well-maintained, low-maintenance asset. A RUBS program is in place to help offset water and trash expenses and improve operating efficiency. The property is not subject to local rent control and is governed by AB 1482. Offering a 6.25% CAP Rate at an attractive price point, this is an excellent starter investment or addition to an existing multifamily portfolio.

Location

State CA

County Los Angeles

Area 674 - Montebello

Interior

Laundry None

Exterior

Pool None

Building

Water District - Public

Others

Special Listing Condition Not Applicable

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Sharad Gupta
Sharad Gupta

Broker License ID: 02213637

+1(408) 401-1003

5201 Great America Pkwy, Santa Clara, CA 95054, USA

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698 W Olympic

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