221 S Maple Avenue,Montebello, CA 90640
Montebello, CA 90640
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 with parking below. The unit mix consists of six 1-Bed/1-Bath units and four Studio apartments. Residents enjoy onsite garage parking, while tenants pay for their own utility usage, creating an efficient operating structure for ownership. Another significant advantage is no local city rent control, providing greater flexibility for investors as they work toward capturing the property's rental upside. Ideally located in a prime Montebello rental pocket just minutes from Montebello Park, Whittier Boulevard, schools, shopping, and major amenities, this offering combines compelling new pricing, strong in-place income, and meaningful rental upside. At just $209,500 per unit, this is an opportunity for investors looking to take advantage of aggressive pricing in the San Gabriel Valley.
Details
| MLS # | CV26115746 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1947 |
| Days On Site | 99 |
| Listing Provided By | RE/MAX 2000 REALTY | Kristopher German |
Features
| SQ Feet | 4,560 |
|---|---|
| Garage | 6 |
| Story(s) | 1 |
| Units | 10 |
| Building(s) | 2 |
| Zoning | MNR3YY |
| Acreage | 0.28 |
| Property View | None |
Interior
| Cooling | Wall Window Units |
|---|---|
| Cooling Yes / No | Yes |
| Fireplace Yes / No | No |
Exterior
| Roof | Shingle |
|---|---|
| Lot Features | Zero To One Unit Acre |
| Fencing | None |
Parking
| Parking Features | Door Single, Garage |
|---|---|
| Garage Yes / No | Yes |
Utilities
| Utilities | Electricity Available, Natural Gas Available, Sewer Available, Water Available |
|---|---|
| Sewer | Public Sewer |
Location
| Community Features | Gutters |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Montebello |
| Zip Code | 90640 |
| Area | 674 Montebello |
| Listing VS Median (in 90640) | |
Price: $2,095,000 low | high Med: $888,450 sqft: 4,560 low | high Med: 1,703 $ / sqft: $459 low | high Med: $524 On site: 99 low | high Med: 0 | |
Market Activity 90640
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Montebello |
| Zip Code | 90640 |
| Area | 674 Montebello |
| Listing VS Median (in 90640) | |
Price: $2,095,000 low | high Med: $888,450 sqft: 4,560 low | high Med: 1,703 $ / sqft: $459 low | high Med: $524 On site: 99 low | high Med: 0 | |
 | $1,799,900134 N 12th StreetMontebello, CA 90640 |