We are pleased to present FIVE spacious 2 bedroom + 1 bathroom units in desirable North Montebello Location. This prime investment opportunity is situated just North of Whittier Blvd (near Shops and Restaurants and considered "Very Walkable" in an 83-Walk Score. Capital improvements include full copper plumbing, updated electrical panel and all new vinyl windows. All units have garage parking with the convenience of on-site laundry room (with owner-owned laundry machines). Strong in-place rents brings in 12.30 GRM and a 5.47% Cap Rate on current rents. All units are separately metered for gas and electricity. This property is subject to statewide AB1482 rent ordinance (with no local rent control).
Property Details
Price:
$1,795,000
MLS #:
25508355
Status:
Active
Baths:
0
Address:
137 N 3rd Street
Type:
Residential Income
Neighborhood:
674montebello
City:
Montebello
Listed Date:
Mar 7, 2025
State:
CA
ZIP:
90640
Lot Size:
6,246 sqft / 0.14 acres (approx)
Year Built:
1965
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Schools
Interior
Exterior
Garage Spaces
5.00
Parking Features
Garage
Parking Spots
5.00
Stories Total
2
Financial
Map
Community
- Address137 N 3rd Street Montebello CA
- Area674 – Montebello
- CityMontebello
- CountyLos Angeles
- Zip Code90640
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137 N 3rd Street
Montebello, CA
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