26
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$2,300,000
Est. payment /mo
5,693 SqFt
Active
701 W Madison Avenue Montebello, CA 90640
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Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,693 sqft
Price per Sqft $404
MLS Listing ID CL25591067
HOA Y/N No
Year Built 1951
Lot Size 0.328 Acres
Acres 0.33
Property Sub-Type Other
Property Description
We are pleased to present this rare North Montebello investment opportunity. Ideally located between Beverly Boulevard and Whittier Boulevard, the property offers residents convenient access to shopping, dining, and community amenities. Owned and meticulously maintained by the same family since 1987, this asset is being offered for sale for the first time in 38 years. The property features eight oversized units within two side-by-side fourplexes, providing spacious living accommodations and true pride-of-ownership appeal. Positioned on two separate parcels, each unit includes private garage parking with potential for additional value through ADU development. All units are separately metered for gas and electricity and include individual water heaters, ensuring efficient utility management and reduced operating expenses. The electrical panels have been fully upgraded, eliminating costly concerns for future ownership. Situated on a prominent corner lot, the property boasts excellent curb appeal and an 80 Walk Score, underscoring its pedestrian-friendly location. Governed solely by the statewide AB1482 Rent Ordinance, it is not subject to any additional local rent control restrictions, offering investors greater flexibility in operations. This is a truly exceptional opportunity to a
Location
State CA
County Los Angeles
Zoning MNR3
Interior
Fireplace No
Laundry Laundry Room
Building
New Construction No
Others
Tax ID 6346012001
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Listed by Shant Sherbetdjian • Remax Commercial and Investment Realty
A FEW WORDS FROM PAST CLIENTS
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Mike & Jules Guzzardo Team With Jenny Biczkow
Realtor | r01066846,01955798,02086289