This exceptional 28-unit property in North Montebello has officially closed! Located just two blocks from Monterey Park and directly across from Topgolf, Quiet Cannon Golf Course, and Montebello Plaza, this well-positioned asset offered buyers charming landscaping, on-site covered parking, and stable cash flow. With only statewide AB1482 rent control (currently 8.9% as of 01/2025) in place, the property presented significant long-term growth potential in one of Montebello’s most sought-after locations.

Transaction Highlights

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Investment Highlights

• Excellent North Montebello Location | Two Blocks From Monterey Park
• Across Top Golf, Quiet Cannon Golf Course and is Walking Distance to Montebello Plaza
• (12) 2 Bed + 1.75 Bath Units, (8) 2 Bed + 1.5 Bath Townhome Style Units, (8) 1 Bed+ 1 Bath Units
• Most Tenants are Eligible for Rent Increases | Realistic Rental Upside of +/- 23%
• Assumable Loan at 3.65% Interest Rate Until August 2028 | Apprx. Balance $4,326,532
• Charming Landscape & Architecture | All Units Have a Balcony or Patio | On-Site Covered Parking
• Additional Monthly Income Procured from Laundry, Storage, Pet & Extra Parking Spaces
• Property is Only Subject to Statewide AB1482 Rent Control (Currently 8.9%)