137 N 3rd Street, Montebello, CA 90640

About this property

We are pleased to present FIVE spacious 2 bedroom + 1 bathroom units in desirable North Montebello Location. This prime investment opportunity is situated just North of Whittier Blvd (near Shops and Restaurants and considered "Very Walkable" in an 83-Walk Score. Capital improvements include full copper plumbing, updated electrical panel and all new vinyl windows. All units have garage parking with the convenience of on-site laundry room (with owner-owned laundry machines). Strong in-place rents brings in 12.29 GRM and a 5.43% Cap Rate on current rents. All units are separately metered for gas and electricity. This property is subject to statewide AB1482 rent ordinance (with no local rent control).

Listing description from the April 2025 sale, as reported to CRMLS.

Sale history

$1,700,000

Sold April 2025 · listed $1,795,000, on market March 2025 · MLS #25508355 · Source: CRMLS

Listing Agent: Shant Sherbetdjian · Listing Office: Remax Commercial and Investment Realty · Contact: 213-817-1000 · Bought with: Yennis Wong · Berkshire Hathaway Home Servic

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