2320-2322 Whittier Blvd, Montebello, CA 90640
6 Unit Apartment Building | $1,188,800 ($198,133/Unit) | 5.69% Cap Rate | Montebello, CA 90640
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,188,800
- Property Type
-
Multifamily
- Square Feet
- 1,620 SF
Listing Contacts
Ricardo Ceballos
Verified Profile
- Property Info
Property Overview
This property embodies the quintessential vision of any astute investor; its prospects for development are nothing short of boundless. It has three lots, each with its own individual Assessor's Parcel Number (APN) identifiers, as Parking Lot 2,515 soft. 6343-022-029. Center Lot is 2,538 sqft. 6343-022-028, and right lot is 2533 sqft with the 440 sqft building 6343-022-027Lot one is the parking lot, all yours to use or build on. The property's confines terminate to the left near the black fence. Additionally. The second lot in the center consists of three structures, storefront building occupies the premises, housing two studio apartments with new restrooms and kitchenettes. The second behind is a 2 story building with two studio apartments, one on the first floor and one on the second floor., one tenanted under the Section 8 housing program. The garage situated at the rear is also profitably rented out for use as a shop with a restroom (This will be vacant at close), further enhancing the income potential of this unique real estate venture.To round off this multifaceted investment, this expansive property on the right is an office, complete with an adjoining restroom. Including a large parking lot behind the building.
Property Details
- Class
- C
- Year Built
- 1954
- Stories
- 2
- Property Subtype
- Office Live/Work Unit
- Lot Size (sq. ft)
- 2,614 SF
- Units
- 6
Highlights
- Ample parking spaces
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