$1,015,000
$995,000
2.0%For more information regarding the value of a property, please contact us for a free consultation.
520 N 3rd ST Montebello, CA 90640
7,405 Sqft Lot
Key Details
Sold Price $1,015,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 21746854
Sold Date 07/14/21
HOA Y/N No
Year Built 1954
Lot Size 7,405 Sqft
Property Description
It is our great pleasure to present for the sale the North 3rd Street Apartments. A true trophy investment that's been family built, owned and operated for over 67 years! This beautifully maintained multi-family asset provides an excellent unit mix of ONE (2 Bedroom), TWO (1 Bedroom) and ONE (Studio) units. The property is located on north 3rd Street (Between Beverly Blvd and Victoria Ave). The new owner will benefit from the extremely desirable and sought after rental market of this North Montebello Neighborhood, capturing a tremendous rental upside potential of +/- 219%*. The property has great characteristics such as single story construction, a low density layout, garage parking for most units and many recent capital improvements. This property sits on a quiet street close to a majority of single family homes. Tenants enjoy the ease and comfort knowing they are conveniently near many shops and restaurants on West Beverly Blvd and North Montebello Blvd. The property is fully occupied, so please do not disturb tenants and do not walk on property, your discretion is greatly appreciated.
Location
State CA
County Los Angeles
Area 674 - Montebello
Zoning MNR3YY
Interior
Fireplace No
Exterior
Garage Garage
Parking Type Garage
Building
Story 1
Others
Senior Community No
Tax ID 5269013059
Special Listing Condition Standard
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Bought with Shant Sherbetdjian • Remax Commercial and Investment Realty