331 N Montebello BLVD Montebello, CA 90640
UPDATED:
09/30/2024 07:41 PM
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID PF24202427
HOA Y/N No
Year Built 1950
Lot Size 0.447 Acres
Property Description
The property consists of one 3bdr/1.75bath house (estimated 1,600 sf), one 2bdr/1.5bath unit, five 2bdr/1bath units, and four 1bdr/1bath units. The total building square footage is 10,479 estimated square feet and the lot size is 19,468 estimated square feet. It is zoned R-3. The house is a single-story building (with a patio) attached, by a garage, to a two-story building which comprises two units (bottom unit has a patio). The bigger two-story building in the back has 8 units.
There are 18 parking spaces total: four one-car garages, seven tuck-under spaces, and seven surface spaces. Seismic retrofit for tuck-under parking is not mandated for the city of Montebello. The buildings are of wood & stucco composition and have pitched roofs. There is an on-site washer (replaced in 2024) and dryer owned by the building. Units utilize wall air-conditioning units and forced air for heating. The house uses a 40-gallon water heater, the two units in the front uses a 40-gallon water heater, and the eight units in the back use a 100-gallon water heater. Plumbing is cast-iron/galvanized and electrical panels are likely original. The building is separately metered for gas and electricity. The owner pays for water, sewer, trash and common area electricity and gas.
It is desirably located about one block south of Montebello Boulevard and West Beverly Boulevard, which is one of Montebello’s most retail-rich intersections anchored by Vons, Marshalls, Starbucks, and Chase Bank. The asset has an 84 “Walk Score,” which means most errands can be accomplished on foot. The asset is also strategically located with convenient access to the 60, 5, and 605 Freeways.
329-331 North Montebello Boulevard represents a rare opportunity to acquire a generational asset with a large house, attractive and spacious unit mixes, on a sizable R-3 zoned lot, with ample parking. The asset yields strong-in place rental income and future rental upside in a dense, strategically located San Gabriel Valley submarket.
Location
State CA
County Los Angeles
Area 674 - Montebello
Zoning MNR3YY
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Heating Forced Air
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 4.0
Carport Spaces 7
Garage Description 4.0
Pool None
Community Features Curbs
Utilities Available Electricity Available, Natural Gas Available, Water Available
Total Parking Spaces 18
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Entry Level Two
Sewer Unknown
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 6345006008
Energy Description 21788.0
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
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