217-221 S Maple Ave - Apartments FOR SALE


Montebello, CA 90640
$2,295,000 USD
626-427-0786
217-221 S Maple Ave, Montebello, CA for Sale
$2,295,000 USD
Apartments - FOR SALE
1/9
null | Request Cap Rate

217-221 S Maple Ave
Montebello, CA 90640


HIGHLIGHTS

  • 2 SIDE-BY-SIDE 5-UNIT PARCELS
  • Tenants Enjoy Onsite Garage Parking
  • No Local City Rent Control!
  • Tenants Pay for Their Own Utility Usage
  • Prime Rental Location Minutes to Montebello Park, Whittier Blvd., & Schools

OVERVIEW

Just Listed...Excellent Price Per Unit! Kristopher German of The Apartment Dealer is pleased to offer a rare opportunity to acquire two side-by-side 5-unit properties in the city of Montebello, offering investors the chance to purchase 10 total units across two separate parcels in one of the area’s most supply-constrained rental markets. Offered at $2,295,000, this unique investment features a desirable layout with six single-story units and four second-level units with parking below. The property offers an efficient unit mix consisting of six 1-Bed/1-Bath units and four Studio apartments, appealing to a broad range of tenants and supporting strong occupancy. Residents benefit from onsite garage parking, while investors benefit from tenants paying for their own utility usage, helping keep operating expenses under control. A major advantage of this offering is the absence of local city rent control, providing investors with greater operational flexibility and long-term rental growth potential. With a massive 30% upside in rental income, the property presents a clear value-add opportunity to significantly increase cash-flow over time. Located in a prime Montebello rental pocket just minutes from Montebello Park, Whittier Boulevard, schools, and major amenities, this is a rare chance to invest in a market where multifamily inventory rarely becomes available.

FOR SALE DETAILS

PRICE

$2,295,000 USD

PRICE/SF

$503 USD /SF

# OF UNITS

10

PRICE/UNIT

$229,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Excellent Price Per Unit-Mostly Single Story!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1948

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,919 SF

ZONING

MNR3YY

APN/PARCEL ID

6337-001-004,6337-001-005

ASK ABOUT THIS PROPERTY

Kristopher GermanThe Apartment DealerMore Info
626-427-0786

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Kristopher GermanThe Apartment DealerMore Info
626-427-0786

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.