137 N 3rd St Montebello, CA 90640

Multi-Family (2-4 Units) MLS #: 25508355 Courtesy Of RE/MAX Commercial & Investment

$1,795,000

10 beds | 4,032 sq ft
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Estimated monthly payments: $7,847/mo.* (recalculate)

Property InformationDescription

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 12.30 GRM and a 5.47% 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).
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Features

  • Age: Over 50 Years Old
  • Architecture Style: Other
  • Cooling System: Wall Unit(s) A/C
  • Lot Size: 0.14 Acres

MAP & DIRECTIONS

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137 N 3rd St, Montebello, CA 90640
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School Information

137 N 3rd St, Montebello, CA 90640

Elementary School
Grades KG-5 | Public School
FREMONT ELEMENTARY SCHOOL
Montebello, CA 90640
200 W Madison Ave
323.­721.2435
Distance: 0.2 mi
School Rating
C
Student:Teacher Ratio
22:1
Total Students
311
Middle School
Grades 6-8 | Public School
LA MERCED INTERMEDIATE
Montebello, CA 90640
215 E Avenida De La Merced
323.­722.7262
Distance: 1.0 mi
School Rating
C+
Student:Teacher Ratio
27:1
Total Students
990
High School
Grades 9-12 | Public School
MONTEBELLO HIGH SCHOOL
Montebello, CA 90640
2100 W Cleveland Ave
323.­728.0121
Distance: 1.2 mi
School Rating
D-
Student:Teacher Ratio
25:1
Total Students
2293
Other Nearby Schools Distance Type Grades School Rating
Montebello Christian School 0.3 mi Private KG-8
St Benedict School 0.5 mi Private KG-8
Armenian Mesrobian School 0.7 mi Private PK-12
Washington Elementary 0.7 mi Public KG-5 B-
Montebello Gardens Elementary 0.8 mi Public KG-5 B-
Montebello Intermediate 0.8 mi Public 6-8 C+
La Merced Elementary 0.9 mi Public KG-5 B-
Applied Technology Center 0.9 mi Public 9-12 C+
North Ranchito Elementary School 1.1 mi Public PK-5 C
Greenwood Elementary 1.3 mi Public KG-5 C
Cumorah Kids 1.5 mi Private PK-KG
Rio Vista Elementary School 1.5 mi Public KG-5 B-
St Hilary Elementary School 1.5 mi Private PK-8
North Park Academy Of The Arts 1.6 mi Public 6-8 C
Wilcox Elementary 1.6 mi Public KG-5 C-
Cantwell Sacred Heart Of Mary 1.6 mi Private 9-12
Durfee Elementary School 1.6 mi Public KG-5 B-
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

Demographic Data

Montebello, CA 90640

Median Age: 38.6
Married: 44%
Number of Households: 18,360
Households with Children: 34.8%
  • Occupancy Types
    • 0 Vacant
    • 0 Owned
    • 0 Rented
  • Transportation to Work
    • 0 Drive
    • 0 Public Transportation
    • 0 Walk / Bike / Other
    • 0 Work at Home
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