616 Via Altamira - Apartments FOR SALE


Montebello, CA 90640
$2,120,000 USD
310-968-6049
616 Via Altamira, Montebello, CA for Sale
$2,120,000 USD
Apartments - FOR SALE
1/35
null | Request Cap Rate

616 Via Altamira
Montebello, CA 90640


HIGHLIGHTS

  • Well-Maintained 6-unit multifamily investment property located in the desirable North Montebello | Bordering Monterey Park
  • Excellent unit mix, featuring mostly 3-bedroom units, and is professionally managed for ease of ownership
  • Secured entry, gated parking, & an on-site laundry room for tenant convenience | Recent upgrades include a new 100-gallon central water heater
  • Each unit is separately metered for gas and electricity, and most units enjoy pleasant city or hillside views
  • Considered "Very Walkable" with a 71 Walk Score, providing easy access to nearby shops, restaurants, and services
  • Only subject to the Statewide AB 1482 Rent Ordinance and not subject to local rent control, allowing for greater flexibility in rent adjustments

OVERVIEW

We are pleased to present for sale a well-maintained 6-unit multifamily investment property located in the desirable North Montebello area, bordering Monterey Park. This property offers an excellent unit mix, featuring mostly 3-bedroom units, and is professionally managed for ease of ownership. The building features secured entry, gated parking, and an on-site laundry room for tenant convenience. Each unit is separately metered for gas and electricity, and most units enjoy pleasant city or hillside views. Recent upgrades include a new 100-gallon central water heater. Ideally situated near the 60, 710, and 5 freeways, the property offers excellent accessibility to major employment and retail centers. The neighborhood is considered "Very Walkable" with a 71 Walk Score, providing easy access to nearby shops, restaurants, and services. This property is only subject to the Statewide AB 1482 Rent Ordinance and not subject to local rent control, allowing for greater flexibility in rent adjustments. Please note: 5 of the 6 units are tenant-occupied. Do not disturb occupants, interior images of the vacant unit is provided herein. Title records reflect a 2-bedroom in Unit #E. Do not walk on the property or engage with tenants regarding the sale. Direct all inquiries to the listing agent. Drive by only. For more information and to receive a full marketing package (including rent roll and income/expense breakdown), please contact the listing agent.

FOR SALE DETAILS

PRICE

$2,120,000 USD

PRICE/SF

$354 USD /SF

# OF UNITS

6

PRICE/UNIT

$353,333

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

6 UNITS | NORTH MONTEBELLO | 11.82 GRM

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,012 SF

ZONING

MNR3YY

APN/PARCEL ID

5268-005-009

ASK ABOUT THIS PROPERTY

Shant SherbetdjianRE/MAX Commercial & Investment RealtyMore Info
310-968-6049

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Shant SherbetdjianRE/MAX Commercial & Investment RealtyMore Info
310-968-6049

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