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1504 W Beverly BLVD Montebello, CA 90640
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Key Details
Sold Price $1,050,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 3,583 sqft
Price per Sqft $293
MLS Listing ID 25569469
Bedrooms 7
Year Built 1955
Lot Size 6,364 Sqft
Property Description
**Price Reduced $140,000 | 13.06 GRM** Proudly offered for the first time in over 40 years, this plenty of value add opportunity for this 5-Unit property is located in the highly desirable North Montebello neighborhood, just north of Beverly Blvd. The property features an ideal unit mix of two spacious 2-bedroom, 1-bathroom units and three well-sized upper-level 1-bedroom, 1-bathroom units. The building has been family-owned and operated since 1982. All tenants benefit from on-site covered parking and enjoy living in a walkable area surrounded by shops, restaurants, and neighborhood amenities reflected in a strong Walk Score of 85. The property is subject only to California's statewide rent control under AB1482 (currently 8%) with no additional local rent control restrictions. This is a rare opportunity to acquire an asset in one of Montebello's most sought-after pockets.
Location
State CA
County Los Angeles
Area 674 - Montebello
Zoning MNR3*
Interior
Heating Wall Furnace
Cooling None
Laundry None
Exterior
Parking Features Attached Carport
Building
Story 2
New Construction No
Schools
School District Montebello Unified
Others
Special Listing Condition Standard
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Bought with Shant Sherbetdjian Remax Commercial and Investment Realty
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