For Sale
$1,499,000

405 6Th StMontebello, CA 90640

Four-unit apartment building, strong cash flow.

Overview

Added:
Dec 11, 2024
Days on market:
114
Exceptional 4-unit apartment building in Montebello, CA, presents a compelling investment opportunity. This Class A property, built in 1975, boasts 3,630 square feet and features four 2-bedroom, 1-bathroom units, each with separate gas and electric meters, minimizing landlord expenses. Currently operating at 100% occupancy, the property generates a strong NOI of $80,244, representing a 5.35% cap rate. Pro-forma NOI is projected at $89,000, increasing the cap rate to 5.94%. The asking price is $1,499,000, or $374,750 per unit, and $412.95 per square foot. On-site laundry provides additional income streams. The property includes five parking spaces and sits on a two-story building. Located at 405 S 6th St, Montebello, CA 90640 (APN: 6349021015), this property offers significant potential for future growth, including the possibility of adding two additional dwelling units (ADUs) to further enhance income. The property is in excellent condition, both structurally and in terms of unit upkeep. This is an ideal investment for those seeking a stable, high-performing asset in a thriving Los Angeles County community.

Highlights

  • $1,499,000 asking price for this Class A multifamily property.
  • Four-unit apartment building with 3,630 square feet.
  • Located at 405 S 6th St, Montebello, CA 90640.
  • Currently boasts 100% occupancy, generating an NOI of $80,244 (Pro-Forma NOI: $89,000).
  • Features five parking spaces and on-site laundry.
  • Each unit is a 2 bedroom, 1 bathroom apartment with separate utilities.

Property Details for 405 6Th St

Property type
Apartment buildings
Square Feet
3,630 SF
Class
A
Year Built
1975
Stories
2
Units
4

Location Insight

City
Montebello
County
Los Angeles
State
California
Latitude
34.0044803
Longitude
-118.1088167
405 6Th St, Montebello, California

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405 6Th St
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