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819 S Greenwood Avenue, Montebello, CA 90640
--
bed
--
bath
12414
ft2
· 40740
ft2 lot
$4,500,000
$362 / ft2
Listing provided courtesy of Amy Wang, Coldwell Banker George Realty.
Source CRMLS.
Great investment opportunity to purchase a bungalow style single story 17 unit multi family apartment building situated on a huge 40,740 SF lot. Prime Montebello Area. Close to transportation, bus and metro link. NO vacancies, no unpaid rents, 100% occupied, plenty of parking spaces and garages. 9 buildings, great unit mix, one house 3 bedrooms/2 baths, one car garage and one parking space, 13 units 2 bedrooms/1 bath each with an attached one car garage and one parking space, and 3 units 1 bedroom/ 1 bath with one parking space. Each unit has it's own yard, common area laundry facility and an on site manager. Marketable rent, high cap, low maintenance, easy to manage, and separate utility meters. Also an excellent investment and development opportunity for a 1031 exchange Buyer.
HOA
$—/month
On market
2 months
Year built
1959
Property type
Condo
Parking
34
MLS
AR21028088
Price / Sq.Ft.
$362 / ft2
Status
Active
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Flyhomes Cash Offer
Based on a price of $4,500,000
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$17,950
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$17,950
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Property Details
Interior Features & Layout
Appliances
•   
Laundry Details: Community, Dryer Included, Washer Included
•   
Security Features: Resident Manager
•   
Laundry: 1
Rooms Info
•   
Average3 Bed Area Units: Square Feet
•   
Average Studio Area Units: Square Feet
•   
Average2 Bed Area Units: Square Feet
•   
Average1 Bed Area Units: Square Feet
•   
Room Information: Main Floor Bedroom
•   
Average3 Bed Area: 1000
•   
Average2 Bed Area: 800
•   
Average1 Bed Area: 349
Flooring
•   
Flooring: Laminate, Wood
Heating & Cooling
•   
Cooling Details: Wall/Window Unit(s)
Interior Size
•   
Building Area Total: 12414.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Assigned, Garage - Single Door, On Site, Parking Space
•   
Garage Spaces: 14.00
•   
Uncovered Spaces: 20.00
Building Info
•   
Building Area Units: Square Feet
•   
Zoning: MNR3YY
•   
Roof: Shingle
•   
Num Stories: One
•   
Year Built Source: Assessor
•   
Construction Materials: Board & Batten Siding, Stucco
Lot Info
•   
Lot Features: Lot Over 40000 Sqft, Walkstreet
•   
Lot Size Source: Assessor
•   
Elevation Units: Feet
•   
Lot Size Acres: 0.9353
•   
Lot Size Area: 40740.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 9
•   
Total Units: 17
Property Features
•   
Fencing: Wood
•   
Common Walls: No Common Walls
Property Type
•   
Architectural Style: Bungalow
•   
Common Interest: Community Apartment
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 18
•   
Number Of Separate Gas Meters: 16
•   
Number Of Separate Water Meters: 2
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Public Sewer
Listing Details, Costs & Financing Information
Financial Info
•   
Operating Expense Percent: 29.70
•   
Gross Operating Income: 317030.00
•   
Water Sewer Expense: 5708.00
•   
Vacancy Allowance Rate: 3.00
•   
Cap Rate: 5.20
•   
Laundry Equipment Own Lease: Own
•   
Fuel Expense: 1158.00
•   
Trash Expense: 3116.00
•   
New Taxes Expense: 53500.00
•   
Insurance Expense: 4235.00
•   
Vacancy Allowance: 9730
•   
Professional Management Expense: 0.00
•   
Total Expenses: 94370.00
•   
Gross Scheduled Income: 324360.00
•   
Operating Expense: 94370.00
•   
Rent Control Yn: 1
Tax/Assessment Info
•   
Gross Income: 324360.00
•   
Tax Year: 2019
•   
Taxes: 7398.0
Lease Info
•   
Net Operating Income: 222660.00
Listing Info
•   
Status: Active
Other
•   
Electric Expense: 285.00
Multi Unit Information
Multi Unit Information
•   
# Of Units: 1
Unit 1 Information
•   
Unit 1 Total Units: 17
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Garage Spaces: 0.00
•   
Unit 1 Actual Rent: 0.00
•   
Unit 1 Total Rent: 0.00
School Neighborhood & Directions
Location
•   
Community Features: Street Lights
School Info
•   
Directions: S. Whittier Blvd. & E. Garfield Ave.
Other
Calculation
•   
Dom: 8
•   
Cdom: 227
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: Apr 22, 2021 1:05pm
Neighborhood snapshot
37
Properties for sale
10
Median days on market
$392.33
Median sold price/sqft
101.39%
Sold/List %
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Property History
02/10/2021
02/10/2021
CRMLS #AR21028088
active
CRMLS #AR21028088
$4,500,000
+5.14%
10/05/2020
10/05/2020
CRMLS #AR20209555
active
CRMLS #AR20209555
$4,280,000
+7.54%
07/01/2019
07/01/2019
CRMLS #AR19086038
sold
CRMLS #AR19086038
$3,980,000
+4.74%
06/30/2019
06/30/2019
Public Record
sold
Public Record
$3,800,000
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