Multi Family In Montebello

Just Listed! Rare opportunity to acquire a pride-of-ownership 9-unit apartment property in a highly desirable North Montebello location, just north of Beverly Boulevard and steps from Quiet Cannon Golf Course. Offering an excellent combination of location, property condition, and desirable unit sizes, this well-maintained asset is ideally positioned for investors seeking a quality long-term multifamily investment. The property is comprised of three individual triplex structures with an attractive unit mix of three 2-Bedroom/1-Bath units and six 1-Bedroom/1-Bath units. Six of the units feature desirable single-level construction, while three units are positioned above garage parking. In total, the property offers approximately 5,439 rentable square feet on an 11,512 sq. ft. lot. The property has benefited from numerous improvements, including updated electrical subpanels throughout and updated interiors in most units, reducing near-term capital needs and reinforcing its pride-of-ownership condition. Residents enjoy onsite garage parking and private laundry hookups, while electricity and gas are separately metered and paid directly by the tenants. Located in one of Montebello’s most desirable rental pockets, with convenient access to shopping, dining, schools, major transportation routes, and recreational amenities, this property offers the combination investors look for: strong rental fundamentals, desirable construction, quality improvements, and an exceptional North Montebello location. Seller may offer private financing to a well qualified buyer.