This 12-unit property in Montebello has just been sold! A fantastic value-add opportunity, it is poised to generate substantial gains for its new investor. Stay tuned for more information on this property!

Transaction Highlights

• The Seller’s Representative Contacted Shant Directly, Seeking a Professional Buyer to Close on Their Property, Despite its Deferred Maintenance and Low Rents
• Shant Successfully Delivered the Right Buyer and Closed the Sale Seamlessly
• First Time Property Has Been SOLD in Nearly FIVE Decades!
• The Property Was SOLD Off-Market in its "AS-IS" Condition
• Shant Found a Professional Buyer Looking to Expand Their Investment Portfolio in Montebello
• CLOSED Escrow at a 16.04 GRM and 3.14% CAP Rate on Current Rents
• Shant Sherbetdjian's Extensive Presence and Experience as a Leading Apartment Agent, Made it an Obvious Choice for the Sellers to Seal the Deal by Collaborating with Him and His Qualified Buyer

Investment Highlights

• 12 Units Situated on Two Lots Located in Central Montebello
• Attractive Unit Mix of 1- & 2- Bedroom Units
• Combined 7,942 SqFt Building on a 17,931 SqFt Lot
• Value-Add Opportunity with Substantial Rental Upside of +/- 91%
• Family Owned and Operated for Nearly 50 Years!
• Plenty of On-site Covered Parking and Open Spaces
• Separately Metered for Gas and Electricity
• Short Commute to the Metrolink Line & Reggie Rodriquez Park