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424 W LOHART AVE, Montebello, California

$1,450,00012 Beds6 BathsActive

424 W LOHART AVE, Montebello, California 90640
- MLS® ID: 17287132

Property Details

424 W LOHART AVE, Montebello, California 90640 - Prime Value-Add Opportunity in desirable Central Montebello Location. Property is NOT subject to Rent Control. Current Rents of $1,050 each are significantly under-market levels leaving a new buyer to instant upside of +/- 38%. This NEWER CONSTRUCTED building is comprised of spacious 2 Bedroom and 1 Bathroom units. Large lot measuring 9,182 Sq.Ft. providing 13 Parking Spaces which are comprised of Garages covered & uncovered spots. All units are Separately Metered for Gas & Electricity. Property brings in additional income from an On-Site Laundry Room. Long Term Owner - First Time on Market in Over 15 Years. Montebello sits in between dominant highways of the 60, the 710, the 5 and the 605 freeways. PLEASE DO NOT WALK ON PROPERTY - TENANTS ARE NOT AWARE OF SALE - DRIVE BY ONLY.

Amenities

  • Zip90640
  • CountyLos Angeles
  • SQFT4578
  • Bedrooms12
  • Full baths6.00
  • StatusActive
  • Purchase TypeActive
  • Property typeMulti-Family
  • Zoning typeMNR3*
  • Year built1979
  • Lot size9182
  • HeatingOther
  • CoolingWall Unit(s)
  • Parking13
  • MLS® ID17287132

Listing Courtesy of RE/MAX Commercial and Investment Realty

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