We are pleased to present for sale an exceptional investment opportunity nestled in one of North Montebello's most desirable residential pockets just north of Beverly Blvd this 30-unit multifamily community is being offered for sale for the first time in nearly half a century. Long held, the property presents a rare chance to acquire an asset with substantial rental upside in a consistently strong rental market. The building features an ideal and highly rentable mix of spacious floor plans: four 2-bedroom/2-bath units, eighteen 2-bedroom/1-bath units, and eight 1-bedroom/1-bath units. This property presents an exceptional opportunity for an astute investor to capture meaningful value-add potential, with a realistic rental upside of approximately 38%. The potential to significantly enhance income is both evident and attainable. Residents enjoy convenient on-site amenities including two dedicated laundry rooms along with covered and garage parking, a rare advantage in the neighborhood. The property's location offers exceptional walkability just a short stroll to the restaurants, cafes, and everyday conveniences along Beverly Blvd and Montebello Blvd. Adding to its investment appeal, the property is only subject to statewide AB 1482 and not impacted by local rent control measures, allowing greater flexibility in managing future rent growth. Disclosure: Buyer to conduct any/all due diligence including but not limited to the building square footage, lot size, legal bedroom/bathroom count, parking count, unit mix, year built, zoning, market rents, Soft-Story Compliance, and the ability to construct ADU(s) or additional units. The property is being offered for sale alongside a portfolio totaling (49 Units) with apartments located in Silver Lake, San Gabriel, and Alhambra. Properties can be sold together as a portfolio or individually. DO NOT DISTRUB TENANTS OR WALK ON THE PROEPRTY WITHOUT AN APPOINTMENT WITH THE LISTING OFFICE.
A desirable 4 - unit apartment building in a well area of montebello. This building offers 4 apartments each of one is a spacious 2 bedroom 1 bathroom, rented to a long time tenants. This property offers an incredible opportunity for investors or owner occupants looking to generate passive income in a high demand area. Located close to major shopping centers easy access very safe and nice area property will not last long.PROPERTY TO BE SOLD AS IS WITH TENANTS NO REPAIRS
Welcome to a fully remodeled property offering modern living, exceptional comfort, and a beautifully designed permitted ADU, perfect for multi-generational living or rental income. The main residence has been completely upgraded from top to bottom. The main house is designed to potentially accommodate a JADU. Enjoy peace of mind with all-new electrical wiring and panel, fully repiped plumbing, and a brand-new roof. Thoughtfully designed for year-round comfort, the home features five new ductless mini-split systems providing individual hot/cold control for all bedrooms, the living room, and the dining/kitchen area. Step inside to an inviting interior showcasing new high-grade vinyl planks, new recessed lighting, fresh interior and exterior paint, and all-new dual-pane windows with custom mini-blinds. The living room offers a cozy fireplace, creating a warm focal point for gatherings. The beautifully remodeled kitchen includes a new sink, stove/oven, range hood, quartz countertops, and premium cabinetry. The home features 4 bedrooms and 3 bathrooms, including two primary suite and private bath. All bathrooms include elegant tile flooring. Additional conveniences include a water-leak detector, new side vinyl fencing for enhanced privacy, and a designated outdoor laundry area. Brand new ADU with 1200 sqft includes 3 bedrooms, 2 baths, its own individual water/electric meters, central A/C, dual-pane windows, recessed lighting, energy-efficient insulation, quartz kitchen with island, electric appliances, dishwasher, custom cabinets, water-leak detector, private vinyl fencing, and washer/dryer hookups. This property is truly turnkey with comprehensive upgrades and two fully modernized living spaces. A rare opportunity in Montebello—don’t miss it! Offers strong income potential with low operating expenses. Buyer to verify all information and satisfy themselves.
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. ***CHECK OUT THE PROPERTY VIDEO***
In Prime Montebello Location Turnkey Duplex with Bonus ADU. Welcome to a rare opportunity in the heart of Montebello a beautifully remodeled duplex with an added 2 bed / 1.5 bath ADU, offering flexibility, style, and income potential all in one! Spanning 4,036 sq ft on a 6,760 sq ft lot, this modern property features: Unit 1: 3 bedrooms, 3 bathrooms Unit 2: 3 bedrooms, 3 bathrooms ADU: 2 bedrooms, 1.5 bathrooms – perfect for guests, rental income, or multi-generational living, 882 Sq Ft. Each unit is move-in ready with updated finishes and thoughtful touches throughout. The modern kitchens come fully equipped, and each unit includes a full bathroom on the lower level—perfect for guests or convenience. Additional highlights: Upstairs laundry area Private balcony off the front bedroom Spacious patio area ideal for entertaining 1-car garage + tandem parking space Modern design & finishes throughout Prime Location Nestled in a quiet residential neighborhood just: 2 miles (10 minutes) to Costco 3 miles (13 minutes) to Montebello Mall A block from a local park Whether you're looking to live in one unit and rent the other, house extended family, or simply invest in a high-demand, income-generating property, this versatile gem checks all the boxes. Don’t miss out – schedule your private showing today! Properties like this don’t stay on the market for long.
601 N Garfield Avenue presents an outstanding opportunity to acquire a well-located multifamily property offering six income-producing units along with an additional unpermitted studio. The property consists of one building, including four spacious two-bedroom units with one and a half baths each, two one-bedroom units with one bath, and the bonus studio. Positioned on a desirable corner lot, the property includes six covered parking spaces accessible through a rear alley carport. All units appear to be in good condition, and current rents remain below market, allowing for significant upside potential as units turn over. This makes the property ideal for investors seeking long-term growth and stable income in an established rental market. Residents enjoy the convenience of nearby shopping, restaurants, and public transportation, along with easy access to major freeways. Downtown Los Angeles is only a short drive away, further enhancing the appeal of the location for both current and future tenants.This is a rare chance to acquire a well-maintained multifamily asset with value-add potential in a strong rental corridor. The property will be delivered as-is, and the buyer is advised to verify all information, including unit count, permits, and property details. The studio unit is non-permitted.
Welcome to the beautiful city of Montebello, this attached duplex provides steady income. A hidden gem, situated on a corner lot, each unit has 2 bedrooms and one bath, alongside a 2-car detached garage, has long term tenants that pay on time, very minimal maintenance, the owner only pays for water and gardeners, the tenants pay all the other utilities.
We are pleased to present this rare North Montebello investment opportunity. Ideally located between Beverly Boulevard and Whittier Boulevard, the property offers residents convenient access to shopping, dining, and community amenities. Owned and meticulously maintained by the same family since 1987, this asset is being offered for sale for the first time in 38 years. The property features eight oversized units within two side-by-side fourplexes, providing spacious living accommodations and true pride-of-ownership appeal. Positioned on two separate parcels, each unit includes private garage parking with potential for additional value through ADU development. All units are separately metered for gas and electricity and include individual water heaters, ensuring efficient utility management and reduced operating expenses. Important to know, the SB721 has been completed, and the electrical panels have been fully upgraded, eliminating costly concerns for future ownership. Situated on a prominent corner lot, the property boasts excellent curb appeal and an 80 Walk Score, underscoring its pedestrian-friendly location. Governed solely by the statewide AB1482 Rent Ordinance, it is not subject to any additional local rent control restrictions, offering investors greater flexibility in operations. This is a truly exceptional opportunity to acquire a long-held, well-maintained asset in one of Montebello's most desirable neighborhoods. Please note, this sale includes 2 separate fourplexes situated side by side, all information provided is at the combined size, income and financial characteristics.
Rare quadruplex opportunity in the heart of Montebello—available for the first time in over 40 years! This pride-of-ownership property offers 3,365 sq. ft. of living space on a 6,800 sq. ft. lot, blending strong rental potential with recent upgrades including a new roof and fresh exterior paint on both the building and garage structures, enhancing curb appeal and reducing maintenance needs. The property provides on-site garage parking plus additional street parking for convenience. Public records reflect the property as a 4-unit dwelling; however, it has functioned with 5 separate 1-bedroom, 1-bath units throughout the sellers’ ownership. The sellers purchased the property in this condition and maintained the current configuration. All five units are tenant-occupied, making this an ideal opportunity for an owner-occupant to live in one unit while generating income from the others or for an investor seeking consistent rents and long-term appreciation. Families will appreciate the nearby parks, zoo, athletic fields, and inclusion within the Montebello school district.
This triplex offers a total of 3,102 square feet of living space, each with its own address, situated on a massive lot of over 15,383 square feet. The property consists of multiple rental units generating strong monthly income, great for investors seeking long-term returns or to develop. Each unit has a garage for parking and storage. All units are occupied with reliable income. Situated in a desirable Montebello neighborhood, this property is conveniently located near schools, shopping centers, and major freeways, ensuring easy access to all that the area has to offer
Great mixed-use commercial + residential building with retail/office space on the ground floor with excellent street exposure and excellent signage potential built into the façade of the structure Located on busy Beverly Blvd. and a great upstairs 2 bedroom / 2 bath apartment. Both units have two separate entrances at the front and rear of the two story building and, separate meters for all utilities (Gas, Water and Power). Gated parking at the rear of the property for 4 cars. The 2nd floor is a very nice residential unit for the retail / office owner or occupant or it can be rented out separately to a tenant for extra income. Ground level was previously used as an office space, with a reception desk, a conference room and several sub-divided open workstations or cubicles. The lower office / retail unit also has 2 bathrooms and a full kitchen. Upper unit has a separate entrance from the street and enters into a spacious living room with large windows and a skylight, and has another entrance at the rear of the building also. The upper unit is nicely renovated and has 2 bedrooms and 2 baths with a kitchen and a dining area. The kitchen has been upgraded with granite countertops and newer appliances and the separate laundry room upstairs has a washer & dryer hook ups. The whole property is very secure with cameras, gated windows and doors, private parking for 4+ cars wrought iron automatic gate with an alley entrance. High traffic in a prime location zoned for general commercial welcoming retail, office, medical, food service, etc. Confirm with the City of Montebello. Seller is motivated. Bring offers and let's get this one in escrow..
Don't miss out on this rare chance to own a fantastic income-generating property in a prime location. Live in the spacious front unit, featuring 3 bedrooms, 2 bathrooms, its own driveway, and a two-car garage. Enjoy the convenience and comfort of this large unit while collecting substantial rental income from the three additional units located behind. The property includes 4 units total a Three bedroom two bath home, two 1-bedroom units and one 2-bedroom, 1-bath unit, each with its own garage. With no rent control, you have the freedom to maximize your rental income potential. Conveniently located 9 miles from Downtown Los Angeles, this property offers easy access to city amenities while providing a peaceful living environment. Seize this exceptional opportunity to invest in a property that offers both comfortable living and lucrative rental income. Properties like this don't come around often!
5.68% CAP RATE AND 11.02 GRM ON CURRENT RENTS. We are pleased to present a fantastic opportunity in Montebello, 16 Spacious Units built in 1988 consisting of Spacious 3 Bedroom + 1.5 Bathroom Two-Story Townhome Style Apartments, averaging approximately 1,188 square feet each. This property is fully occupied and yields a 5.68% Cap Rate and 11.02 GRM on current rents. All units have central A/C & Heat, 2-Garage parking and private patios. This pride of ownership property has undergone many recent capital improvements such as; a new roof (in 2018), full copper plumbing (in 2019), and 11 of the 16 A/C Units were replaced (in the last 3 years). The property also has separate water heaters and is separately metered for gas and electricity. This complex is comprised of eight extra large duplexes on a 28,868 square foot lot zoned MNR3YY. Situated on West Mines Avenue between Greenwood Avenue and South Montebello Boulevard. This property is only subject to the statewide AB1482 rent ordinance (with no local rent control). Units are tenant occupied, interior photos provided.
Montebello is located in California. Montebello, California has a population of 62,828. Montebello is less family-centric than the surrounding county with 23.93% of the households containing married families with children. The county average for households married with children is 30.99%.
The median household income in Montebello, California is $66,584. The median household income for the surrounding county is $76,367 compared to the national median of $69,021. The median age of people living in Montebello is 37.4 years.
The average high temperature in July is 85.9 degrees, with an average low temperature in January of 46.9 degrees. The average rainfall is approximately 14.9 inches per year, with 0 inches of snow per year.
