698 W Olympic, Montebello, CA 90640
- $1,275,000
- List Price
- $1,275,000
- Status
- COMING SOON
- MLS#
- OC26203738
- Year Built
- 1915
- Lot Size
- 5,504
- Acres
- 0.13
- Lot Location
- 6-10 Units/Acre
- Days on Market
- 3
- Property Type
- Multifamily
- Property Sub Type
- Apartment
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.
Additional Information
- Pool Description
- None
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 6
- Gross Scheduled Income
- $115,200
- Operating Expense
- 32081
Listing courtesy of Listing Agent: Pat Swanson (pat.swanson@streamrealty.com) from Listing Office: Pat Swanson.
Mortgage Calculator
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