14,294 SQ FT DBL LOT | MULTIPLE ADU POTENTIAL 705 W Madison Ave 8 Unit Apartment Building $3,210,616 CAD ($401,327 CAD/Unit) 4.35% Cap Rate Montebello, CA 90640

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 acquire a long-held, well-maintained asset in one of Montebello's most desirable neighborhoods. Please note, this sale includes 2 separate fourplexes situated side by side, all information provided is at the combined size, income and financial characteristics. Please Note: All eight (8) units are tenant-occupied. Do not disturb occupants. Do not walk on the property or engage with tenants regarding the sale, tenants are not aware the property is on the market. Direct all inquiries to the listing agent. This offering includes TWO parcels situated side-by-side, being sold together: 701 W Madison Ave (APN 6346-012-001) and 705 W Madison Ave (APN 6346-012-002). For more information and to receive a full marketing package (including rent roll and income/expense breakdown), please contact the listing agent.