Montebello, CA 90640,520 N 3rd ST
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Montebello, CA 90640,520 N 3rd ST
Montebello, CA 90640,520 N 3rd ST
Montebello, CA 90640,520 N 3rd ST
Montebello, CA 90640,520 N 3rd ST

$1,015,000

Est. payment /mo

$995,000

2.0%
Est.Price: ?

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520 N 3rd ST Montebello, CA 90640

7,405 Sqft Lot

SOLD DATE : 07/14/2021

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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California Regional MLS (CRMLS)
Listed by Shant Sherbetdjian • Remax Commercial and Investment Realty
Bought with Shant Sherbetdjian • Remax Commercial and Investment Realty

Alexander Duarte

CEO | i01970077

+1(714) 376-9253

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