This well-maintained multi-unit asset in North Montebello has officially sold! Offered for the first time in over 15 years, the property consisted of spacious 2-bedroom, 1-bathroom units with strong rental demand and future upside. Family-owned and operated, it featured garage parking for all units, owner-owned laundry facilities, and recent capital improvements including full copper plumbing, updated electrical panels, and new vinyl windows. With a 12.30 GRM and 5.47% cap rate on current rents, the property presented a solid investment opportunity in a high-demand rental market. Located near Whittier Blvd’s vibrant retail and dining scene, with easy access to the 5, 60, and 605 Freeways, and subject only to statewide AB1482 rent control.

Transaction Highlights

• Another Successful Montebello Sale by Shant Sherbetdjian
• Shant Sherbetdjian’s marketing campaign attracted a CASH Offer within 5 DAYS of listed date
• Closed escrow within 27 days from date of acceptance
• SOLD at an Impressive $340,000 per unit | $421.63 per square feet
• Our team worked hand-in-hand with the seller for preparing their books and records items in time for the buyer’s inspection
• High Income-Yield investment property with a 5.81% Cap Rate and an 11.64 GRM on current rents
• Buyer purchased a ‘Very Walkable’ (83 walk score) income property located in prime Montebello

Investment Highlights

• Desirable North Montebello Location | Situated North of Whittier Blvd
• First Time Offered For Sale in 15 Years!
• Family Owned, Managed & Operated
• Excellent Unit Mix Consisting of Spacious 2 Bedroom + 1 Bathroom Units
• On-Site Laundry Room (with Owner-Owned Laundry Machines)
• Garage Parking for All Units
• Separately Metered for Gas & Electricity
• Strong In-Place Rents with Rental Upside Potential
• Capital Improvements (Full Copper Plumbing, Updated Electrical Panels, All New Vinyl Windows)
• 12.30 GRM & 5.47% Cap Rate on Current Rents
• Considered Very Walkable (83 Walk Score) | Walking Distance to Shops & Restaurants on Whittier Blvd
• Conveniently Located Near the 5, 60 and 605 Freeways
• Property is only Subject to Statewide AB1482 Rent Control | No Local Rent Control