About this home

First time being offered for sale in 28 years (nearly three decades), this property presents an excellent opportunity to acquire a well-maintained multifamily investment with an attractive unit mix consisting primarily of spacious two-bedroom units, along with a three-bedroom unit, averaging nearly 800 square feet each. The property offers attractive cash flow with a 6.21% cap rate and a 10.22 GRM based on current rents which include additional income generated from the on-site laundry facilities. Recent improvements include a newly painted exterior, adding to the property's overall appeal. This is an excellent opportunity for a 1031 exchange up-leg or as an addition to an existing investment portfolio. Conveniently located within a short distance of the 5, 605, 60, and 710 freeways, the property provides easy access to major transportation routes. The property is not subject to any local rent control and is only subject to California's statewide AB 1482 rent regulations.

Facts and features

Schools

• Greenwood Elementary School

  elementary · K-5 · 0.5 mi

  2

• Montebello High School

  high · 9-12 · 1.8 mi

  4

• La Merced Intermediate School

  middle · 6-8 · 2.8 mi

  4

• Calvary Chapel Christian Academy

  elementary · K-12 · 0.7 mi

• Vail High (Continuation) School

  high · 9-12 · 0.6 mi

  2

• Applied Technology Center

  high · 9-12 · 1.1 mi

  6

Price history

• Oct 7, 2026 · Listed$3,488,888
• Jan 23, 2009 · Sold$860,000
• Jan 6, 2004 · Sold$1,100,000

Tax history

• 2025$27,500 tax · $1,878,318 assessed
• 2024$27,091 tax · $1,841,489 assessed
• 2023$27,057 tax · $1,769,983 assessed
• 2022$26,185 tax · $1,735,279 assessed
• 2021$25,315 tax · $1,701,255 assessed
• 2020$25,124 tax · $1,683,812 assessed
• 2019$24,376 tax · $1,650,797 assessed
• 2018$24,679 tax · $1,618,430 assessed

Home value

$2,008,325

• Quantarium$2,008,325
• Collateral Analytics$1,183,000

Where it is