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705 W Madison Ave
Montebello, CA 90640

$2,300,000 USD

Apartments For Sale • 5,693 SF

Property Details

Property Type Apartments
Total Building Size 5,693 SF
Lot Size 0.33 AC
Building Class C
Year Built 1951
Cap Rate 4.35 %
Zoning MNR3YY

0 Transit Score

88 Walk Score

                
                    Highlights
                
                                Exceptional property is situated in the highly desirable North Montebello area, conveniently located between Beverly Boulevard and Whittier Boulevard
                            
                                8 oversized units within two side-by-side fourplexes, the property provides spacious living accommodations and represents a true pride-of-ownership
                            
                                Owned and meticulously cared for by the same family since 1987, this asset is being offered for sale for the very first time in 38 years
                            
                                Two separate parcels, each unit is enhanced by private garage parking, and there is also potential for additional value through the addition of ADUs
                            
                                Electrical panels fully updated | Every unit is separately metered for gas and electricity and equipped with its own water heater
                            
                                **SB721 has been completed | Impressive 80 Walk Score, highlighting its pedestrian-friendly location and overall desirability

Financial Summary (Actual)

Net Operating Income: $100,160 USD (2024)

Cap Rate:	4.35 %
Total Expenses:	$60,519 USD

Amenities

24 Hour Access
Controlled Access
Tenant Controlled HVAC
Heating
Kitchen
Refrigerator
Tub/Shower
Yard
Walk-Up
Smoke Detector

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))	10 min	-	4.1 mi
Airport	Drive	Walk	Distance
Long Beach (Daugherty Field)	31 min	-	20.5 mi
Los Angeles International	39 min	-	24.9 mi
Bob Hope	38 min	-	26.2 mi

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

705 W Madison Ave Montebello, CA 90640