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616 Via Altamira
Montebello, CA 90640

$2,120,000 USD

Apartments For Sale • 5,986 SF

Property Details

Property Type Apartments
Total Building Size 5,986 SF
Lot Size 0.21 AC
Building Class C
Year Built 1963
Zoning MNR3YY

0 Transit Score

69 Walk Score

                
                    Highlights
                
                                Well-Maintained 6-unit multifamily investment property located in the desirable North Montebello | Bordering Monterey Park
                            
                                Excellent unit mix, featuring mostly 3-bedroom units, and is professionally managed for ease of ownership
                            
                                Secured entry, gated parking, & an on-site laundry room for tenant convenience | Recent upgrades include a new 100-gallon central water heater
                            
                                Each unit is separately metered for gas and electricity, and most units enjoy pleasant city or hillside views
                            
                                Considered "Very Walkable" with a 71 Walk Score, providing easy access to nearby shops, restaurants, and services
                            
                                Only subject to the Statewide AB 1482 Rent Ordinance and not subject to local rent control, allowing for greater flexibility in rent adjustments

Financial Summary (Actual)

Net Operating Income: $107,594 USD (2024)

Total Expenses:

$66,366 USD

Amenities

Air Conditioning
Laundry Facilities
Gated
Kitchen
Refrigerator
Oven
Tub/Shower

Public Transportation

Commuter Rail	Drive	Walk	Distance
Montebello/Commerce (Riverside Line - Southern California Regional Rail Authority (Metrolink))	4 min	-	1.7 mi
Commerce (91 Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink))	9 min	-	3.4 mi
Airport	Drive	Walk	Distance
Long Beach (Daugherty Field)	32 min	-	21.3 mi
Los Angeles International	35 min	-	22.7 mi
Bob Hope	34 min	-	24.0 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	3
Type:	Surface
Included in Rent:	Yes

Shant Sherbetdjian 310-968-6049 RE/MAX Commercial & Investment Realty

616 Via Altamira Montebello, CA 90640