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221 South Maple Avenue

Montebello CA 90640

4
4
12178 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

Price Reduced! Rare opportunity to acquire two side-by-side 5-unit properties in the city of Montebello, offering 10 total units across two separate parcels in one of the area's most supply constrained multi-family markets. Now offered at $2,095,000, only $209,500 per unit, the property provides investors an attractive entry point into a market where apartment inventory rarely becomes available. The investment currently delivers a 5% CAP Rate and 12.6 GRM, with an estimated 25% upside in rental income, creating an opportunity for increased cash flow over time. The properties feature a desirable configuration with six single-story units and four second-level units with parking below. The unit mix consists of six 1-Bed/1-Bath units and four Studio apartments. Residents enjoy onsite garage parking, while tenants pay for their own utility usage, creating an efficient operating structure for ownership. Another significant advantage is no local city rent control, providing greater flexibility for investors as they work toward capturing the property's rental upside. Ideally located in a prime Montebello rental pocket just minutes from Montebello Park, Whittier Boulevard, schools, shopping, and major amenities, this offering combines compelling new pricing, strong in-place income, and meaningful rental upside. At just $209,500 per unit, this is an opportunity for investors looking to take advantage of aggressive pricing in the San Gabriel Valley.

Features

4 bedrooms
4 bathrooms
12178 sq. ft. lot size
Multi-Family

Happy sellers in Montebello

<50%
Less than 50% of sellers in Montebello reported that their sale price either exceeded or met their price expectations.

Montebello stands out as a desirable suburb for sellers, consistently delivering great customer service and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Montebello over the last 12 months.

Local market activity for 4 bedroom multi families in Montebello

In the last 12 months, 3 four-bedroom multi families similar to 221 South Maple Avenue, have been sold.

This represents a 200% decrease in four-bedroom multi families sales when compared to the previous 12 months.

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Sales:
(619) 566-0008
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