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329 N Montebello Blvd
Montebello, CA 90640 Southeast Los Angeles

$3,250,000 USD

Apartments For Sale  •  10,479 SF

Property Details

  • Property Type Apartments
  • Total Building Size 10,479 SF
  • Lot Size 0.45 AC
  • Building Class C
  • Year Built 1967
  • Cap Rate 4.50 %
  • Zoning R3, Montebello
0 Transit Score
84 Walk Score

Highlights

Large Unit Mix: (1) 3Bdr/1.75Bath House, (1) 2Bdr/1.5Bath, (5) 2Bdr/1Bath, (4) 1Bdr/1Bath.
Generational Opportunity: First time for sale in over two decades. Owned and self-managed within the same family during this time.
Prime Montebello Location: The property has an 84 “Walk Score.” It is desirably located about one block south of Montebello Boulevard and West Beverly
18 Total Parking Spaces: 1.63:1 Parking Ratio.
On-Site Laundry: Washer and Dryer owned by building
Individually Metered: Separately Metered for Gas & Electricity.

Financial Summary (Actual)

Net Operating Income: $146,309 USD (2023)
Cap Rate: 4.50 %
Total Expenses: $86,275 USD

Amenities

  • 24 Hour Access
  • Microwave
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
Montebello/Commerce (Riverside Line - Southern California Regional Rail Authority (Metrolink)) 4 min - 1.7 mi
Commerce (91 Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink)) 10 min - 4.0 mi
AirportDriveWalkDistance
Long Beach (Daugherty Field) 30 min - 19.7 mi
Bob Hope 37 min - 26.1 mi
Los Angeles International 38 min - 27.9 mi
Andy Chan 626-321-7410 KW Commercial
Andy Chan 626-321-7410 KW Commercial