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819 S Greenwood Avenue

Montebello, CA 90640
  • $5,695,000
  • STATUS: Active
  • ON SITE: 28 Days
  • ID#: WS22152174
Price Reduced
$5,695,000
  • 0
    BEDS
  • 0.94
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1959
County:

School Ratings & Info

Listing Agent(s): Yvonne Matloff of Tse Realty & Management Servic (626-823-8303)


Description

Prime Montebello area seventeen units bungalow style single story apartment situated on a huge 40,740 SF lot. Located close to schools, Montebello Downtown area, shopping malls, metro link. Not far from Beverly Hospital. Apartment is 100% occupied. Rents are below market rate. Consist of total nine buildings with great unit mix. Front house with three bedrooms and two baths. Three units with one bedroom and one bath. Thirteen two bedrooms, one bath with one car garage in the back. Units has it's own yard. Excellent investment opportunity, 1031 exchange or future development. Please do not disturb tenants. Broker/agent does not guarantee accuracy of square footage, lot size, ordinances, zoning, rent control, permits, school district and other information concerning the condition or features of the property. Buyer/agent are advised to verify the accuracy of all information.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-09T00:27:42.27. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Villa Real Estate. Licensed in the State of California, USA.
www.thecharlieprice.com/homes/130790662
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819 S Greenwood Avenue Montebello, CA 90640

  • Price: $5,695,000
  • Status: Active
  • On Site: 28 Days
  • ID#: WS22152174
0
Beds
0
Baths
0
½ Baths
0.94
Acres
1959
Built
Neighborhood:
674 - Montebello
County:
Los Angeles
Area:
674 - Montebello
Property Description
Prime Montebello area seventeen units bungalow style single story apartment situated on a huge 40,740 SF lot. Located close to schools, Montebello Downtown area, shopping malls, metro link. Not far from Beverly Hospital. Apartment is 100% occupied. Rents are below market rate. Consist of total nine buildings with great unit mix. Front house with three bedrooms and two baths. Three units with one bedroom and one bath. Thirteen two bedrooms, one bath with one car garage in the back. Units has it's own yard. Excellent investment opportunity, 1031 exchange or future development. Please do not disturb tenants. Broker/agent does not guarantee accuracy of square footage, lot size, ordinances, zoning, rent control, permits, school district and other information concerning the condition or features of the property. Buyer/agent are advised to verify the accuracy of all information.
Exterior Features

Lot Features 16-20 Units/AcreFront YardLot Over 40000 Sqft Number Of Separate Electric Meters 18 Open Parking Spaces 20 Parking Total 34 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 1 Common Wall

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 4.57 Common Interest Community Apartment Community Features Street LightsSidewalks Electric Expense 1008 Fuel Expense 732 Garage YN Yes Gross Income 366741 Gross Scheduled Income 343113 Insurance Expense 4800 Land Lease YN No Laundry Features Common Area Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To New Loan Maintenance Expense 5000 Net Operating Income 260217 New Construction YN No New Taxes Expense 70000 Number Of Separate Gas Meters 16 Number Of Separate Water Meters 2 Operating Expense 106524 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGasParking Fee Total Actual Rent 30412 Trash Expense 5664 Water Sewer Expense 8520 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-09T00:27:42.27. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Villa Real Estate. Licensed in the State of California, USA.
 
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Villa Real Estate
450 Newport Center Drive, Suite 100
Newport Beach CA, 92660
Listing Agent(s): Yvonne Matloff of Tse Realty & Management Servic (626-823-8303)