This pride of ownership 6-unit property, located north of Whittier Blvd in one of Montebello’s most desirable neighborhoods, has officially closed! The well-maintained building features a strong unit mix of four spacious 3 bed + 1.75 bath units and two 2 bed + 1 bath units. Recently updated with new paint, windows, flooring, showers, and vanities in select units, the property offered immediate upside with excellent cash flow potential. Separately metered for gas and electricity, with on-site laundry for added income, this was a standout opportunity for exchange buyers and first-time investors alike. Residents enjoy walking access to shops and restaurants on Whittier Blvd. Subject only to statewide AB1482 rent control, with no local rent restrictions.

Transaction Highlights

• Shant Sherbetdjian’s creative marketing platform generated 6 OFFERS on this property
• Shant working hand-in-hand with Javier Serna from CHASE was able to get a Loan Approval within 12 Days of submitting the LOI (Letter Of Intent) and allowing Seller’s Pre-Payment Penalty WAIVED (Seller saved over $9,000 in Fees)
• Shant Sherbetdjian had Limited Time to find the right buyer, for the right price, and close escrow in the right time for seller’s exchange
• Our team worked hand-in-hand with the seller for preparing their books and records items in time for the buyer’s inspection
• Produced multiple offers, overcame time restrictions on seller’s exchange and ultimately executing a smooth closing
• Seller took advantage of the current market and made use of their investment by identifying their 1031-Exchange Upleg prior to the sale
• Shant Sherbetdjian represented both the buyer and seller in this transaction

Investment Highlights

• Highly Desirable North Montebello Location | Situated North of Whittier Blvd
• Desirable Unit Mix of Spacious (FOUR) 3 Bed + 1.75 Bath and (TWO) 2 Bed + 1 Bath Units
• Assumable CHASE Loan at 3.41% Interest Rate Until December 2025 | Approximate Balance $916,000
• Vaulted Ceilings in Upper-Level Units | On-Site Laundry Procures Additional Income li>
• Walking Distance to Shops & Restaurants on Whittier Blvd
• Property is Only Subject to Statewide AB1482 Rent Ordinance (Currently 8.90%)