This Property is no longer advertised on Showcase.com.
Off Market
1/22

311 W Lohart Ave
Montebello, CA 90640


HIGHLIGHTS


OVERVIEW

We are pleased to present a great opportunity to own in Desirable Montebello. A well-maintained 14 Unit Townhome-Style Apartment Building with an Excellent Unit Mix of ALL 2 Bedroom & 1.5 Bathroom units. Property features Newer 1973 Construction, Large Units Averaging 820 Sq.Ft. with Private Balcony, On-Site Secured Parking and Secured Entrance with Additional Income Procured from On-Site Laundry Room. This investment offering provides Strong In-Place Rents, Attractive Cash-flow with Rental Upside Potential of +/- 31%. Great addition to any Investment Portfolio or Exchange Upleg Purchase. Centrally located to many Shops, Restaurants on Whittier Blvd. Quick and convenient access to the Major 5, 605, 60 & 710 Freeways. Situated in Central Montebello on West Lohart Avenue. Near the corners of Calle Cinco & West Roosevelt Avenue. Major Cross Streets of West Olympic Blvd and South Montebello Blvd. For more information and to obtain a full marketing package (including rent roll, income/expense breakdown), please email or call the office. All showings are subject to accepted offer ... drive by only, please do not walk on property, tenants are not aware of sale. Please note, California recently passed state-wide rent control in Assembly Bill 1482. Please be sure to review these new laws to ensure that you are compliant with their restrictions.

FOR SALE DETAILS

PRICE

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# OF UNITS

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CAP RATE

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% LEASED

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BUILDING DETAILS

PROPERTY NAME

14 Town-Home Style Units in Montebello

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

11484

STORIES

2

YEAR BUILT

1973

PARKING SPACES

19

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

6349-020-042