12 + 1 (N/C) Units | Montebello
For the first time in 22 years, this family-owned and operated 12+1-unit complex is hitting the market—offering seller financing with just 35% down at 6.5% interest-only for 5 years! Enjoy excellent cash flow from day one with a 6.65% cap rate and 10.27 GRM on rents. Situated on a spacious 16,286 SF R3 lot with multiple ADU possibilities, this well-maintained property boasts a desirable unit mix of 1, 2, and 3-bedroom units, owner-owned laundry machines, and 75% copper plumbing. Buyer has an opportunity to legalize the non-conforming unit as an ADU (buyer to verify). Please reach out directly for more details!
Investment Highlights
- SELLER FINANCING! Seller to Carry the 1st Trust Deed with 35% Down @ 6.5% Interest Only for 5 Years
- Excellent Cashflow | 6.65% Cap Rate & 10.27 GRM
- First Time Being Offered for Sale in 22 Years! Family Owned & Operated for Two Decades
- Desirable 12 (+1 N/C) Unit Complex Located in Central Montebello
- On-Attractive Unit Mix of 1, 2 & 3-Bed Units
- Large 16,286 SF R3 Lot | Multiple ADU Potential
- Owner Owned Laundry Machines
- Property has 75% Copper Plumbing
- Opportunity to Legalize the Non-Conforming Unit as an ADU (Buyer to Verify)
- Short Commute to the 5, 60 & 605 Freeways | Walking Distance to Shops and Restaurants
- Property is only Subject to Statewide AB1482 Rent Control | No Local Rent Control