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505 N 19th St
Montebello, CA 90640
Multifamily Property For Sale
·
6 Units
PROPERTY FACTS
| No. Units | 6 | Building Size | 3,840 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built | 1954 |
| Building Class | C | Parking Ratio | 2.08/1,000 SF |
| Lot Size | 0.34 AC | ||
| Zoning | MNC1* | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 3,840 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1954 |
| Parking Ratio | 2.08/1,000 SF |
| Zoning | MNC1* |
ABOUT 505 N 19TH ST , MONTEBELLO, CA 90640
We are pleased to exclusively offer for sale this 6 Unit multi-family investment property located in the city of Montebello. The subject property is comprised of two single story buildings, each containing 3 ground level units. With a courtyard setting, and tranquil feel, this investment offers tremendous upside opportunity for capital improvement. All six units are 1 Bedroom/1 Bathroom and offer tenants private fireplaces, private garage parking, an onsite laundry facility, and gated pool. The current owner has held the subject property for a number of years and has kept the rental rates well below market. Given its north Montebello location, unit size, and tenant amenities, a new investor can easily raise rental rates for a total of 37+% bringing the cash-on-cash return well above 5%.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | $1,175 | - |
