About this home

18 Units Montebello Priced at 7% CAP Rate!!! Offered at $1,947,500, $216,000 per unit, this offering represents an outstanding value in one of the San Gabriel Valley's most desirable multi-family markets. This investment offers excellent day-one cash flow with a current 7% CAP Rate, 10 GRM, and a 6% cash-on-cash return, while providing additional upside through market rent alignment. Situated on a 15,072 sq. ft. lot, the property features a desirable unit mix consisting of one 2-Bedroom/1-Bath unit and eight 1-Bedroom/1-Bath units, providing broad tenant appeal and supporting consistent occupancy. Tenants pay for electricity and gas, while residents enjoy ample open-space parking and a spacious common area, creating an attractive rental environment. Ideally located just off Beverly Boulevard, the property is within close proximity to Beverly Hospital, shopping, dining, and major retail, placing it in one of Montebello's strongest and most established rental corridors. The adjoining 9-unit property (MLS# CV26169898) must be purchased in addition to this property, creating a rare opportunity to acquire 18 units across two separate parcels. When purchased as a combined offering, this property offers strong in-place cash flow, compelling price-per-unit value, and meaningful upside potential, making it an excellent addition to any multi-family investment portfolio.

Facts and features

Schools

• La Merced Elementary School

  elementary · K-8 · 0.5 mi

  5

• Montebello High School

  high · 9-12 · 1.4 mi

  4

• Armenian Mesrobian

  elementary · K-12 · 0.4 mi

• La Merced Intermediate School

  middle · 6-8 · 0.6 mi

  4

• Fremont Elementary School

  elementary · K-5 · 0.3 mi

  3

• Montebello Gardens Elementary School

  elementary · K-5 · 0.6 mi

  6

Price history

• Sep 29, 2026 · Relisted$1,947,500
• Sep 22, 2026 · Listing Removed—
• Aug 4, 2026 · Listed$1,972,500
• Sep 10, 2023 · Listing Removed—
• Jul 29, 2023 · Price Changed For Rent$1,950
• Jun 27, 2023 · Price Changed For Rent$1,980
• Jun 20, 2023 · Price Changed For Rent$2,030
• May 28, 2023 · Listed For Rent$2,180

Tax history

• 2025$30,580 tax · $2,164,864 assessed
• 2024$30,177 tax · $2,122,416 assessed
• 2023$30,146 tax · $2,040,000 assessed
• 2022$29,158 tax · $2,000,000 assessed
• 2021$26,112 tax · $1,803,492 assessed
• 2020$25,927 tax · $1,785,000 assessed
• 2019$25,139 tax · $1,750,000 assessed
• 2018$17,561 tax · $1,140,766 assessed

Home value

$1,596,000

• Collateral Analytics$1,596,000

Where it is