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$ 2,120,000
Est. payment /mo
Active
616 Via Altamira Montebello, CA 90640
5,986 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,986 sqft
Price per Sqft $354
MLS Listing ID CL25616493
HOA Y/N No
Year Built 1963
Lot Size 9,012 Sqft
Acres 0.21
Property Sub-Type Other
Property Description
We are pleased to present for sale a well-maintained 6-unit multifamily investment property located in the desirable North Montebello area, bordering Monterey Park. This property offers an excellent unit mix, featuring mostly 3-bedroom units, and is professionally managed for ease of ownership. The building features secured entry, gated parking, and an on-site laundry room for tenant convenience. Each unit is separately metered for gas and electricity, and most units enjoy pleasant city or hillside views. Recent upgrades include a new 100-gallon central water heater. Ideally situated near the 60, 710, and 5 freeways, the property offers excellent accessibility to major employment and retail centers. The neighborhood is considered "Very Walkable" with a 71 Walk Score, providing easy access to nearby shops, restaurants, and services. This property is only subject to the Statewide AB 1482 Rent Ordinance and not subject to local rent control, allowing for greater flexibility in rent adjustments. ***CHECK OUT THE PROPERTY VIDEO***
Location
State CA
County Los Angeles
Zoning MNR3
Interior
Heating Other
Fireplace No
Laundry Laundry Room
Building
New Construction No
Others
Tax ID 5268005009
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Listed by Shant Sherbetdjian • Remax Commercial and Investment Realty