6 Units | Montebello

Transaction Highlights

Investment Highlights

  • An income-producing asset added onto Buyer’s real estate portfolio | Buyer purchased a very walkable property (80 Walk Score)
  • Another Montebello apartment transaction represented by Shant Sherbetdjian | Delivered property fully occupied at close of escrow
  • Easy-to-rent spacious 1 Bed + 1 Bath Units | Located in a desirable Montebello neighborhood
  • Family owned and operated | Garage parking & recent upgrades | All units are separately metered for gas and electricity
  • Off-Market Sale | Represented Buyer on this purchase | Closed escrow with a 3.70% cap rate and 14.73 GRM on current rents
  • Walking distance to many shops and restaurants on Whittier Blvd | Minimal landlord maintenance providing a better return on investment
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