221 South Maple Avenue, Montebello, CA 90640
221 South Maple Avenue, Montebello, CA 90640
221 South Maple Avenue, Montebello, CA 90640
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Naghmeh Keyvani

Naghmeh Keyvani

+1(201) 759-6517
Listed by Kristopher German • RE/MAX 2000 REALTY
$2,095,000
Est. payment /mo
4,560 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 4,560 sqft

Price per Sqft $459

MLS Listing ID CV-26115746

Year Built 1947

Lot Size 0.280 Acres

Property Sub-Type Apartment

Source California Regional Multiple Listing Service (CRMLS)

Property Description

Price Reduced! Rare opportunity to acquire two side-by-side 5-unit properties in the city of Montebello, offering 10 total units across two separate parcels in one of the area's most supply constrained multi-family markets. Now offered at $2,095,000, only $209,500 per unit, the property provides investors an attractive entry point into a market where apartment inventory rarely becomes available.

The investment currently delivers a 5% CAP Rate and 12.6 GRM, with an estimated 25% upside in rental income, creating an opportunity for increased cash flow over time. The properties feature a desirable configuration with six single-story units and four second-level units with parking below. The unit mix consists of six 1-Bed/1-Bath units and four Studio apartments.

Residents enjoy onsite garage parking, while tenants pay for their own utility usage, creating an efficient operating structure for ownership. Another significant advantage is no local city rent control, providing greater flexibility for investors as they work toward capturing the property's rental upside.

Ideally located in a prime Montebello rental pocket just minutes from Montebello Park, Whittier Boulevard, schools, shopping, and major amenities, this offering combines compelling new pricing, strong in-place income, and meaningful rental upside. At just $209,500 per unit, this is an opportunity for investors looking to take advantage of aggressive pricing in the San Gabriel Valley.

Location

State CA

County Los Angeles

Area 674 - Montebello

Zoning MNR3YY

Interior

Fireplaces Type None

Laundry None

Exterior

Parking Features Garage - Single Door

Garage Spaces 6.0

Pool None

Community Features Gutters

Utilities Available Sewer Available, Water Available, Electricity Available, Natural Gas Available

View Y/N No

View None

Building

Lot Description 0-1 Unit/Acre

Sewer Public Sewer

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Naghmeh Keyvani

Naghmeh Keyvani

+1(201) 759-6517

Broker Associate | License ID: DRE# 02091823

Broker Associate License ID: DRE# 02091823

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