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705 W Madison Ave
Montebello, CA 90640
14,294 SQ FT DBL LOT | MULTIPLE ADU POTENTIAL · Multifamily Property For Sale
·
8 Units
Investment Highlights
- Exceptional property is situated in the highly desirable North Montebello area, conveniently located between Beverly Boulevard and Whittier Boulevard
- Owned and meticulously cared for by the same family since 1987, this asset is being offered for sale for the very first time in 38 years
- Electrical panels fully updated | Every unit is separately metered for gas and electricity and equipped with its own water heater
- 8 oversized units within two side-by-side fourplexes, the property provides spacious living accommodations and represents a true pride-of-ownership
- Two separate parcels, each unit is enhanced by private garage parking, and there is also potential for additional value through the addition of ADUs
- **SB721 has been completed | Impressive 80 Walk Score, highlighting its pedestrian-friendly location and overall desirability
Property Facts
| No. Units | 8 | Building Size | 5,693 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1951 |
| Building Class | C | Parking Ratio | 1/1,000 SF |
| Lot Size | 0.33 AC | ||
| Zoning | MNR3YY - Multifamily Residential | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 5,693 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1951 |
| Parking Ratio | 1/1,000 SF |
| Zoning | MNR3YY - Multifamily Residential |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Tub/Shower
- Yard
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $2,268 | - |
| 1+1 | 7 | $1,589 | - |
Property Taxes
| Parcel Numbers | Improvements Assessment | $869,774 | |
| Land Assessment | $1,394,136 | Total Assessment | $2,263,910 |
Property Taxes
Parcel Numbers
Land Assessment
$1,394,136
Improvements Assessment
$869,774
Total Assessment
$2,263,910
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