Montebello, CA 90640,505 N 19th ST
Montebello, CA 90640,505 N 19th ST
Montebello, CA 90640,505 N 19th ST
8
$1,365,000
$1,395,000
2.2%
Est.Price: ?

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0.34 Acres Lot

505 N 19th ST Montebello, CA 90640

Est. payment /mo
SOLD DATE : 11/05/2019

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Key Details

Sold Price $1,365,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CV19195193

Sold Date 11/05/19

HOA Y/N No

Year Built 1954

Lot Size 0.340 Acres

Property Description

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%.

Location

State CA

County Los Angeles

Area 674 - Montebello

Zoning MNR1YY

Interior

Heating Fireplace(s), Wall Furnace

Cooling Wall/Window Unit(s)

Fireplaces Type Den

Fireplace Yes

Laundry Common Area, Inside

Exterior

Parking Features Assigned, Garage

Garage Spaces 6.0

Garage Description 6.0

Pool Community, In Ground

Community Features Curbs, Gutter(s), Street Lights, Pool

Total Parking Spaces 6

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 5294011024

Energy Description 110.0

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by KRISTOPHER GERMAN • RE/MAX 2000
Bought with KRISTOPHER GERMAN • RE/MAX 2000

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Kelly Corsino

Agent | License ID: 01704102

+1(949) 229-0019

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