Montebello, CA 90640,411 W LOHART AVE
Montebello, CA 90640,411 W LOHART AVE
Montebello, CA 90640,411 W LOHART AVE
26
$2,350,000
$2,430,000
3.3%
Est.Price: ?

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0.3 Acres Lot

411 W LOHART AVE Montebello, CA 90640

Est. payment /mo
SOLD DATE : 04/07/2020

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Key Details

Sold Price $2,350,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 19537318

Sold Date 04/07/20

HOA Y/N No

Year Built 1973

Lot Size 0.300 Acres

Property Description

We are pleased to present a great opportunity to own in Desirable Montebello. A well-maintained 10 Unit Townhome-Style Apartment Building with an Excellent Unit Mix of ALL 2 Bedroom & 1.5 Bathroom units. Property features Newer 1973 Construction, Large Units Averaging 823 Sq.Ft. with Private Balcony, On-Site Secured Parking and Secured Entrance with Additional Income Procured from On-Site Laundry Room. This investment offering provides Strong In-Place Rents, Attractive Cash-flow with Rental Upside Potential of +/- 28%. Great addition to any Investment Portfolio or Exchange Upleg Purchase. Centrally located to many Shops, Restaurants on Whittier Blvd. Quick and convenient access to the Major 5, 605, 60 & 710 Freeways. Please note, California recently passed state-wide rent control in Assembly Bill 1482. Please be sure to review these new laws to ensure that you are compliant with their restrictions.

Location

State CA

County Los Angeles

Area 674 - Montebello

Zoning MNR3

Interior

Fireplace No

Exterior

Parking Features Covered

Building

Story 2

Others

Senior Community No

Tax ID 6349020045

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Shant Sherbetdjian • Remax Commercial and Investment Realty
Bought with Shant Sherbetdjian • Remax Commercial and Investment Realty

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Kelly Corsino

Agent | License ID: 01704102

+1(949) 229-0019

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