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6 UNITS | NORTH MONTEBELLO | 11.82 GRM 616 Via Altamira 6 Unit Apartment Building $2,932,787 CAD ($488,798 CAD/Unit) Montebello, CA 90640
INVESTMENT HIGHLIGHTS
- Well-Maintained 6-unit multifamily investment property located in the desirable North Montebello | Bordering Monterey Park
- Secured entry, gated parking, & an on-site laundry room for tenant convenience | Recent upgrades include a new 100-gallon central water heater
- Considered "Very Walkable" with a 71 Walk Score, providing easy access to nearby shops, restaurants, and services
- Excellent unit mix, featuring mostly 3-bedroom units, and is professionally managed for ease of ownership
- Each unit is separately metered for gas and electricity, and most units enjoy pleasant city or hillside views
- Only subject to the Statewide AB 1482 Rent Ordinance and not subject to local rent control, allowing for greater flexibility in rent adjustments
EXECUTIVE SUMMARY
We are pleased to present for sale a well-maintained 6-unit multifamily investment property located in the desirable North Montebello area, bordering Monterey Park. This property offers an excellent unit mix, featuring mostly 3-bedroom units, and is professionally managed for ease of ownership. The building features secured entry, gated parking, and an on-site laundry room for tenant convenience. Each unit is separately metered for gas and electricity, and most units enjoy pleasant city or hillside views. Recent upgrades include a new 100-gallon central water heater. Ideally situated near the 60, 710, and 5 freeways, the property offers excellent accessibility to major employment and retail centers. The neighborhood is considered "Very Walkable" with a 71 Walk Score, providing easy access to nearby shops, restaurants, and services. This property is only subject to the Statewide AB 1482 Rent Ordinance and not subject to local rent control, allowing for greater flexibility in rent adjustments. Please note: 5 of the 6 units are tenant-occupied. Do not disturb occupants, interior images of the vacant unit is provided herein. Title records reflect a 2-bedroom in Unit #E. Do not walk on the property or engage with tenants regarding the sale. Direct all inquiries to the listing agent. Drive by only. For more information and to receive a full marketing package (including rent roll and income/expense breakdown), please contact the listing agent.***CHECK OUT THE PROPERTY VIDEO***
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$242,901
|
$40.58
|
| Other Income |
$5,196
|
$0.87
|
| Vacancy Loss |
$7,443
|
$1.24
|
| Effective Gross Income |
$240,655
|
$40.20
|
| Taxes |
$41,874
|
$7.00
|
| Operating Expenses |
$49,936
|
$8.34
|
| Total Expenses |
$91,810
|
$15.34
|
| Net Operating Income |
$148,844
|
$24.87
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $242,901 |
| Annual Per SF | $40.58 |
| Other Income (CAD) | |
|---|---|
| Annual | $5,196 |
| Annual Per SF | $0.87 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $7,443 |
| Annual Per SF | $1.24 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $240,655 |
| Annual Per SF | $40.20 |
| Taxes (CAD) | |
|---|---|
| Annual | $41,874 |
| Annual Per SF | $7.00 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $49,936 |
| Annual Per SF | $8.34 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $91,810 |
| Annual Per SF | $15.34 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $148,844 |
| Annual Per SF | $24.87 |
PROPERTY FACTS
| Price | $2,932,787 CAD | Building Class | C |
| Price Per Unit | $488,798 CAD | Lot Size | 0.21 AC |
| Sale Type | Investment | Building Size | 5,986 SF |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1963 |
| Property Subtype | Apartment | Parking Ratio | 2/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | MNR3YY | ||
| Price | $2,932,787 CAD |
| Price Per Unit | $488,798 CAD |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 5,986 SF |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 2/1,000 SF |
| Zoning | MNR3YY |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
SITE AMENITIES
- Laundry Facilities
- Gated
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1.5 | 4 | $3,649 CAD | - |
| 3+1 | 1 | $3,313 CAD | - |
| 2+1 | 1 | $2,767 CAD | - |
PROPERTY TAXES
| Parcel Number | 5268-005-009 | Total Assessment | $2,272,111 CAD (2025) |
| Land Assessment | $1,018,878 CAD (2025) | Annual Taxes | $41,874 CAD ($7.00 CAD/SF) |
| Improvements Assessment | $1,253,233 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
5268-005-009
Land Assessment
$1,018,878 CAD (2025)
Improvements Assessment
$1,253,233 CAD (2025)
Total Assessment
$2,272,111 CAD (2025)
Annual Taxes
$41,874 CAD ($7.00 CAD/SF)
Tax Year
2024
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VIDEOS
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6 UNITS | NORTH MONTEBELLO | 11.82 GRM | 616 Via Altamira
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