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1009 Los Angeles Avenue
Montebello, CA 90640
Sold
1009 Los Angeles Avenue
Montebello, CA 90640
Sold
We are pleased to present for sale this rare opportunity to acquire 6 individual single story cottage style detached homes located in Central Montebello. This property has been owned and operated by the same family since 1966 (57 years)! The property is situated on an oversized 15,839 square foot lot which is zoned R3. Given the size and layout of the structures on the lot it is ideal for a buyer who wants to take advantage of the unused land through multiple ADU additions (buyer to verify). These private easy to rent 1 bedroom + 1 bathroom homes also come with a detached garage in the rear of the property. This value add opportunity has a realistic rental upside of +/- 31%. Operating this investment is in the favor of the landlord as gas and electricity are separately metered along with each owner having their own individual water heater. This investment is within a short distance to Whittier Blvd providing an abundance of retail and dining. It is also located down the block from Montebello City Park as well as the Mart of Montebello Shopping Center. Please note, this property is only subject to the statewide AB1482 rent control (which is currently 8.8%). Buyer to verify all property details/ characteristics. Check the property video and call us for more information.
PROPERTY INFORMATION
| MLS # | 23302931 | Lot Size | 15,839 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 1,665,888
Price Per SqFt: $ 509 |
DOM | 733 Days |
| Address | 1009 Los Angeles Avenue | Type | Residential Income |
| City | Montebello | Sq.Ft. | 3,270 Sq. Ft. |
| Postal Code | 90640 | Garage | 6 |
| County | Los Angeles | Year Built | 1947 |
| Bed / Bath | 6 / 0 | Parking | 6 |
| Built In | 1947 | Status | Closed |
| Sold Date | 2023-09-12 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | See Remarks |
| Has Heating | Yes |
| Heating Information | Wall Furnace |
| Has Spa | No |
| SpaDescription | None |
| SecuritySafety | Gated Community |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,777
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 09/12/2023 | Sold | $1,650,000 |
| 08/21/2023 | Sold | $1,665,888 |
Topfind Realty
REALTOR®
(844)-333-8033
Questions? Contact today.
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Listing provided courtesy of Shant Sherbetdjian, Remax Commercial and Investment Realty. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
