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Property Description
Welcome to Montebello's newest investment opportunity! This charming single-story 10-unit apartment building has recently undergone a fresh exterior paint job, giving it a new and inviting look. The building is nestled in a prime location in the heart of the city, providing easy access to shopping, dining, and entertainment options that Montebello has to offer.
The property features 10 spacious units, each boasting their own laundry hookups. The units have been well-maintained and are in excellent condition. Additionally, the building has been thoughtfully designed with tenant convenience in mind, featuring 10 car garages with easy access to each unit and an additional 18 separate parking spaces.
One of the most attractive features of this property is its separately metered utilities, making it easy for tenants to manage their own bills and ensuring a hassle-free experience for the landlord. This can help to attract long-term tenants and reduce turnover, providing a stable and reliable source of income for the savvy investor.
Overall, this 10-unit apartment building is an exceptional investment opportunity that checks all the boxes for both seasoned investors and those looking to enter the market for the first time. Don't miss your chance to own this gem in Montebello - schedule a viewing today!
Full Property Details
Full Property Details for 840 S Greenwood Ave
General
- Status: Closed
- Type: Commercial Multi-Family
- Source: MRMLS
- MLS ID: OC23029056
- Added to Site: 1, 089 day(s) ago
Interior
- Laundry Facilities: Yes
Rooms
Other Rooms
- Laundry: In Garage, Individual Room
Parking
- Uncovered Spaces: 18
Location
- County: Los Angeles
- Driving Directions: Greenwood ave between Beach St & E Washington Blvd
Heating & Cooling
- Heating Type: Forced Air
Utilities
- Utility Description: Natural Gas Connected, Sewer Connected, Water Connected
Structural Information
- # Buildings: 5
- Roof: Composition
- Stories/Levels: 1
- Building Size: 5000
- Square Feet: 5,000
- Year Built: 1953
- Year Built Source: Assessor
Lot Features
- Lot Size (Acres): 0.8307
- Useable Acres: .8307
- Lot Size (Sq. Ft.): 36,186
- Lot Size Source: Assessor
- Lot Dimensions: 75 x 482
- Lot Features: 0-1 Unit/Acre, Lot 20000-39999 Sqft
- Lot Description: 0-1 Unit/Acre, Lot 20000-39999 Sqft
Financial Considerations
- Price Per Sq. Ft.: $620
- Operating Expenses: $45,000
Disclosures and Reports
- Investment: Yes
- Property ID: 6352022005
Listed by RE/MAX TerraSol, LeoBetancourt and JennLanzner
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Schools
Schools serving 840 S Greenwood Ave
School District:Montebello Unified School District
| Name | Grades | Distance |
|---|---|---|
Greenwood Elementary School 900 South Greenwood Avenue, Montebello, CA 90640 | K-5 | 0.1 mi |
Montebello Intermediate School 1600 Whittier Boulevard, Montebello, CA 90640 | 6-8 | 1.1 mi |
Montebello High School 2100 West Cleveland Avenue, Montebello, CA 90640 | 9-12 | 1.3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 840 S Greenwood Ave
Date
Details
Price
Change
Source
2/27/2023
Sold
$3,200,000
—
MLS
2/27/2023
Listed
$3,200,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
840 S Greenwood Avenue, Montebello, CA 90640 (MLS# OC23029056) is a Commercial Multi-Family property that was sold on February 27, 2023. Want to learn more about 840 S Greenwood Avenue? Do you have questions about finding other Commercial Multi-Family real estate for sale in Montebello? You can browse all Montebello real estate or contact a Coldwell Banker agent to request more information.

