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Listed by: Kristopher German (626) 427-0786 DRE #01800021 | RE/MAX 2000 REALTY (626) 956-0188
$2,095,000
6 Beds
- 10 Baths
4,560sqft
221 S Maple Ave, Montebello, CA 90640
$2,095,000
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Apartment
Built in 1947
$-- HOA
12,178 sqft lot
$459/sq.ft
Description
Price Reduced! Rare opportunity to acquire two side-by-side 5-unit properties in the city of Montebello, offering 10 total units across two separate parcels in one of the area's most supply constrained multi-family markets. Now offered at $2,095,000, only $209,500 per unit, the property provides investors an attractive entry point into a market where apartment inventory rarely becomes available.
The investment currently delivers a 5% CAP Rate and 12.6 GRM, with an estimated 25% upside in rental income, creating an opportunity for increased cash flow over time. The properties feature a desirable configuration with six single-story units and four second-level units wit...
Property Details
Status
Pending
Type
Multi Family
No. of Stories
1
County
City
Neighborhood
--
Year Built
1947
HOA Fees
-
Finished Area
4,560 sqft
Lot Size
12,178 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
CV26115746
MLS Status
Pending
Days on Market
14
Cumulative Days on Market
73
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