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311 W LOHART AVE Montebello, CA 90640
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Key Details
Sold Price $3,240,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 11,484 sqft
Price per Sqft $282
MLS Listing ID 19-537284
Sold Date 04/07/20
Bedrooms 28
Year Built 1973
Lot Size 0.375 Acres
Property Sub-Type Multi-Family
Property Description
We are pleased to present a great opportunity to own in Desirable Montebello. A well-maintained 14 Unit Townhome-Style Apartment Building with an Excellent Unit Mix of ALL 2 Bedroom & 1.5 Bathroom units. Property features Newer 1973 Construction, Large Units Averaging 820 Sq.Ft with Private Balcony, On-Site Secured Parking and Secured Entrance with Additional Income Procured from On-Site Laundry Room. This investment offering provides Strong In-Place Rents, Attractive Cash-flow with Rental Upside Potential of +/- 31%. Great addition to any Investment Portfolio or Exchange Upleg Purchase. Centrally located to many Shops, Restaurants on Whittier Blvd. Quick and convenient access to the Major 5, 605, 60 & 710 Freeways. Please note, California recently passed state-wide rent control in Assembly Bill 1482. Please be sure to review these new laws to ensure that you are compliant with their restrictions.
Location
State CA
County Los Angeles
Area Montebello
Zoning MNR3
Rooms
Other Rooms None
Dining Room 0
Interior
Heating Other
Cooling Other
Equipment Other
Exterior
Parking Features Covered Parking
Garage Spaces 19.0
Building
Story 2
Others
Special Listing Condition Standard
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Bought with Remax Commercial and Investment Realty
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