Contact Us MoreMenu

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.


  • 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

Have Questions?

“Neil found a buyer for our house without it ever going on the market! - What a wonderful experience! Neil is nothing short of professional, organized and reliable. More importantly, from the very first meeting, he really listened and was very responsive to the unique needs of our situation”

Call us