221 S Maple AVE, Montebello, CA 90640
221 S Maple AVE, Montebello, CA 90640
221 S Maple AVE, Montebello, CA 90640
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$2,095,000
Est. payment /mo
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0.28 Acres Lot
Price Dropped by $55K

221 S Maple AVE Montebello, CA 90640

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Erica Nicolai

Erica Nicolai

+1(818) 645-2705

UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID CV26115746

HOA Y/N No

Year Built 1947

Lot Size 0.280 Acres

Property Sub-Type Apartment

Property Description

Price Reduced! Rare opportunity to acquire two side-by-side 5-unit properties in the city of Montebello, offering 10 total units across two separate parcels in one of the area's most supply constrained multi-family markets. Now offered at $2,095,000, only $209,500 per unit, the property provides investors an attractive entry point into a market where apartment inventory rarely becomes available.

The investment currently delivers a 5% CAP Rate and 12.6 GRM, with an estimated 25% upside in rental income, creating an opportunity for increased cash flow over time. The properties feature a desirable configuration with six single-story units and four second-level units with parking below. The unit mix consists of six 1-Bed/1-Bath units and four Studio apartments.

Residents enjoy onsite garage parking, while tenants pay for their own utility usage, creating an efficient operating structure for ownership. Another significant advantage is no local city rent control, providing greater flexibility for investors as they work toward capturing the property's rental upside.

Ideally located in a prime Montebello rental pocket just minutes from Montebello Park, Whittier Boulevard, schools, shopping, and major amenities, this offering combines compelling new pricing, strong in-place income, and meaningful rental upside. At just $209,500 per unit, this is an opportunity for investors looking to take advantage of aggressive pricing in the San Gabriel Valley.

Location

State CA

County Los Angeles

Area 674 - Montebello

Zoning MNR3YY

Interior

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Laundry None

Exterior

Parking Features Door-Single, Garage

Garage Spaces 6.0

Garage Description 6.0

Fence None

Pool None

Community Features Gutter(s)

Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available

View Y/N No

View None

Roof Type Shingle

Accessibility None

Total Parking Spaces 6

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 6337001004

Energy Description 362.0

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Kristopher German RE/MAX 2000 REALTY 909-645-0443, DRE #01800021

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Erica Nicolai

Erica Nicolai

Agent | License ID: 01987192

+1(818) 645-2705

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221 S Maple AVE