530 Montebello Way

    Montebello, CA 90640
    • $1,750,000
    • STATUS: Active
    • ON SITE: 97 days
    • ID#: AR19166554
    UPDATED: 55 min ago
    $1,750,000
    • 0
      BEDS
    • 0.45
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,644
      SQFT
    • $263
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1979
    County:

    School Ratings & Info

    Description

    CBD Investment Inc. is pleased to present the sale of 8 units income property in Montebello. This is a fully leased investment property with 5.28% CAP rate. Eight individual unit with its restroom. Versatile multi-use property due to high ceiling of 14 feet , 3-phase power supply and roll up shutters. It has been rented for art studio, manufacturing, machining, storage, distribution, office, automotive. High demand product - 1,000 sq. ft. units are constantly in demand and in short supply. Brand new separate sub meter for each unit has been installed by owner so tenant power bill could be easily collected. Security cameras are installed for owner to monitor the property easily. 5 minutes from freeway 60 in North and freeway 5 in South. Can be redeveloped as a multifamily or mixed use property.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-19T10:35:28.68. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Remax of Chico - The Laffins Real Estate Team. Licensed in the State of California, USA.
    www.laffinsrealestate.com/homes/96868463

    530 Montebello Way Montebello, CA 90640

    • Price: $1,750,000
    • Status: Active
    • Updated: 55 min ago
    • ID#: AR19166554
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.45
    Acres
    6,644
    SQFT
    $263
    $/SQFT
    1979
    Built
    Neighborhood:
    674 - Montebello
    County:
    Los Angeles
    Area:
    674 - Montebello
    Property Description
    CBD Investment Inc. is pleased to present the sale of 8 units income property in Montebello. This is a fully leased investment property with 5.28% CAP rate. Eight individual unit with its restroom. Versatile multi-use property due to high ceiling of 14 feet , 3-phase power supply and roll up shutters. It has been rented for art studio, manufacturing, machining, storage, distribution, office, automotive. High demand product - 1,000 sq. ft. units are constantly in demand and in short supply. Brand new separate sub meter for each unit has been installed by owner so tenant power bill could be easily collected. Security cameras are installed for owner to monitor the property easily. 5 minutes from freeway 60 in North and freeway 5 in South. Can be redeveloped as a multifamily or mixed use property.
    Exterior Features

    Fence YN Yes Fencing Good Condition Lot Features Lot 10000-19999 Sqft Lot Size Source Assessor Lot Size Units Square Feet Roof Composition

    Interior Features

    Condo Area Units Square Feet Laundry Features None

    Property Features

    Accounting Type Actual Additional Parcels YN No Asset Class Industrial Building Area Units Square Feet Building Status Existing Business Type Auto Repair-SpecialtyAuto Service Cap Rate 5.28 Country Us Effective Gross 124548 Electric 220 Volts in WorkshopStandard Electric Expense 9600.00 Gross Scheduled Income 128400.00 Industrial Type ManufacturingWarehouse/DistributionWarehouse/Office Insurance Expense 4658.00 Investment Property YN Yes Land Lease YN No Land Use IndustrialOffice Laundry YN No Leasable Area Units Square Feet Lot Dimensions Source Assessor Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 81345.22 Number Of Units Leased 8 Occupancy Occupied Operating Expense 22226.00 Professional Management Expense 3600.00 Property Sub Type Industrial Real Estate Tax Expense 20976.78 Security Features 24 Hour SecurityGated CommunitySecurity System Special Listing Conditions Standard Tax Rate 1.15 Tax Year 2018 Total Expenses 43202.78 Total Monthly Rent 10700 Trash Expense 2880.00 Utilities Electricity AvailableElectricity ConnectedSewer AvailableSewer ConnectedWater AvailableWater Connected Vacancy Allowance 3852 Vacancy Allowance Rate 3.00 Water Sewer Expense 1488.00 Water Source Public Year Built Source Assessor Zoning M-1

    Listing provided courtesy of Yuemei Cheng of Cbd Investment Inc T.C.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-19T10:35:28.68. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Remax of Chico - The Laffins Real Estate Team. Licensed in the State of California, USA.
     
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    Chico CA, 95926