Shant has successfully facilitated the sale of yet another remarkable property. Welcome to this exciting investment opportunity nestled in the charming Central Montebello neighborhood. This property comprises six single-story detached homes, graciously positioned on an expansive 15,839 square foot lot. Each of these individual residences boasts its own private lawn area. Additionally, every unit is equipped with separate covered garages for convenience and security. To gain access to more details, including interior photographs, rental income insights, and operating expenses, please feel free to contact us via email.

Transaction Highlights

• Closed Escrow Within 21 Days of Listed Date
• SOLD at 99.05% of Listed Price
• All Cash Transaction | As-Is Condition
• No Loan, No Appraisal, No Termite, No Home Warranty
• Record Sale (Top Three) Highest Price Per Square Foot Sold in City History ($504.59/SF)
• Previously Listed by Another Broker for Almost 24 Months, Could Not Sell!
• Shant Sherbetdjian’s Creative Marketing Platform Generated a CASH OFFER Within 72 Hours of Listed Date!
• Team Sherbetdjian Assisted Successor Trustees with Books & Records Items

Investment Highlights

• Desirable Single Story Cottage Style Detached Homes Located in Montebello
• Property Has Been Owned and Operated By the Same Family Since 1966 ( 57 Years)
• HUGE 15,839 Sq.Ft. Lot | MNR3YY Zoned Land | Significant ADU Potential
• Easy-To-Rent Spacious 1 Bed + 1 Bath Units | Garage Parking for Each Unit
• Property is Only Subject to Statewide AB1482 Rent Control (Currently 8.8%)
• Value-Add Opportunity | Realistic Rental Upside of +/- 31% in a High Demand Rental Area