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860 S Greenwood Ave

Montebello, CA 90640
  • $1,500,000
  • STATUS: Pending
  • ON SITE: 14 Days
  • MLS #: 22-118439
Pending
UPDATED: 57 min ago
$1,500,000
  • 11
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,043
    SQFT
  • $297
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1981
County:
Area:

School Ratings & Info

Description

We are pleased to present 5 oversized units being offered for sale for the first time in 40 years by the original owner. This property has an excellent unit mix of 2 and 3 bedroom units of approximately 5,043 square feet building built in 1981. A pride of ownership property with realistic rental upside potential of +/- 42%. With many recent capital improvements, this trophy investment is one of a kind. A respectable lot size of approximately 9,558 square feet, provides 10 parking spaces and on site laundry. Located in a highly desirable neighborhood and within walking distance to schools, shops and parks. Tenant enjoy the convenience of secured parking, secured entry as well as being a short drive to the 5, 605, 710 and 60 Freeways. Property is subject to statewide rent control of AB1482, Buyer to verify.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-28T06:43:09.543. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.desertarealuxuryhomes.com/homes/124734267
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860 S Greenwood Ave Montebello, CA 90640

  • Price: $1,500,000
  • Status: Pending
  • On Site: 14 Days
  • Updated: 57 min ago
  • MLS #: 22-118439
11
Beds
0
Baths
0
½ Baths
0.22
Acres
5,043
SQFT
$297
$/SQFT
1981
Built
Neighborhood:
Montebello
County:
Los Angeles
Area:
Montebello
Property Description
We are pleased to present 5 oversized units being offered for sale for the first time in 40 years by the original owner. This property has an excellent unit mix of 2 and 3 bedroom units of approximately 5,043 square feet building built in 1981. A pride of ownership property with realistic rental upside potential of +/- 42%. With many recent capital improvements, this trophy investment is one of a kind. A respectable lot size of approximately 9,558 square feet, provides 10 parking spaces and on site laundry. Located in a highly desirable neighborhood and within walking distance to schools, shops and parks. Tenant enjoy the convenience of secured parking, secured entry as well as being a short drive to the 5, 605, 710 and 60 Freeways. Property is subject to statewide rent control of AB1482, Buyer to verify.
Exterior Features

Lot Size Area 9558 Other Structures None Parking Garage Covered ParkingUncovered Total Parking 10

Interior Features

Baths Total 6.00 Cooling Wall Unit(S)Central Equipment Other Heating Other

Property Features

Assessed Total Value 612675 Gross Income 90840 Gross Operating Income 88115 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Net Operating Income 51307.00 Number Of Buildings 1 Number Of Units 5 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 36808 Type Of Units Apartment Year Built Source Vendor Enhanced Zoning Mnr3*

Listing provided courtesy of Shant Sherbetdjian DRE#01713570 of Remax Commercial And Investment Realty.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-28T06:43:09.543. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Palm Desert CA, 92260