We are pleased to exclusively offer for sale this 6 Unit multi-family investment property located in the city of Montebello. The subject property is comprised of two single story buildings, each containing 3 ground level units. With a courtyard setting, and tranquil feel, this investment offers tremendous upside opportunity for capital improvement. All six units are 1 Bedroom/1 Bathroom and offer tenants private fireplaces, private garage parking, an onsite laundry facility, and gated pool. The current owner has held the subject property for a number of years and has kept the rental rates well below market. Given its north Montebello location, unit size, and tenant amenities, a new investor can easily raise rental rates for a total of 37+% bringing the cash-on-cash return well above 5%.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
