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1009 W Los Angeles Avenue
USD 1,665,888
Property ID: 23302931
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1009 W Los Angeles Avenue ,90640
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icon 15839 SqFt
icon Built in 1947
icon USD 105/SqFt
icon 6 Beds
icon 0 Full
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Location Street View
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Interior Details
Bedrooms
6
Bathrooms
0
Interior Size
3270
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 1947
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Detailed Introduction Of This Home
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.
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Contact Development/Agent
Cissy Tang
TEL: (+1)626 9868**** icon
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Contact Development/Agent
icon
Cissy Tang
(+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Cissy Tang
(+1)626 9868**** icon
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Photos (31)
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1009 W Los Angeles Avenue
USD 1,665,888 6 Beds
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