$1,097,500
$1,150,000
4.6%For more information regarding the value of a property, please contact us for a free consultation.
517 S 6th ST Montebello, CA 90640
6,969 Sqft Lot
Key Details
Sold Price $1,097,500
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 21742848
Sold Date 07/15/21
HOA Y/N No
Year Built 1959
Lot Size 6,969 Sqft
Property Description
We are pleased to present another great opportunity, a 4 unit income producing property with an excellent unit mix consisting of 2 bedroom + 1 bathroom units. This hard to find and equally impressive property is situated in an attractive Montebello location with low vacancy rental history. It is the first time this property is being offered for sale in over 20 years! Opportunity for growth with realistic rental upside potential of +/- 37%. Many recent capital improvements include newer windows, kitchen, hardwood floors, doors and more. A fully occupied and very well maintained investment that qualifies for 30 year fixed financing. Property consists of garage parking for all units with, separately metered for gas/ electricity and have separate water heaters for each unit. Tenants enjoy the ease and comfort of laundry hookups in each unit. The property provides access to many shopping centers, super markets, banks, entertainment and public transportation off of Montebello Blvd and Greenwood Avenue.
Location
State CA
County Los Angeles
Area 674 - Montebello
Zoning MNR3YY
Interior
Fireplace No
Exterior
Garage Garage
Garage Spaces 4.0
Garage Description 4.0
Parking Type Garage
Total Parking Spaces 4
Building
Story 2
Others
Senior Community No
Tax ID 6349032017
Special Listing Condition Standard
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Bought with KIN YAN LI • PACIFIC STERLING REALTY