919 Carob Way

Montebello, CA 90640

  • 16 Bed(s)
  • 0 Bath(s)
  • 8,334 Sqft
  • 16286
    Sqft(Lot)
$3,295,000

Description

Seller financing: seller to carry the 1st trust deed with 35% down payment at a 6.50% interest-only rate fixed for 5 years! we are pleased to present the 919-921 carob way apartments. this is the first time these apartments are being offered for sale in over 22 years. this property has been family owned and operated for two decades. this fantastic apartment complex has an excellent cashflow yielding a 6.65% cap rate and 10.27 grm. this desirable 12 (+1 non-conforming) unit complex is located in the central montebello neighborhood and situated in a historically low vacancy rental pocket. with an attractive unit mix of spacious 1, 2 & 3-bedroom units, this property offers multiple adu potential as it is sitting on a large 16,286 square foot r3 zoned lot. the opportunity to legalize the non-conforming unit as an adu (buyer to verify) and rent increase potential gives the buyer many angles to further increase revenue. the owner owned laundry machines also bring in additional income. tenants enjoy the convenience of being within a short commute to many shops and restaurants as well as the simplicity of accessing the 5, 60 and 605 freeways. please note, this property is only subject to the california statewide ab1482 rent ordinance with no local rent control for this city.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    49222599

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Property Details

  • Bedroom Information

    • Total Bedrooms : 16

    Bathroom Information

    • Total Baths: 14
    • Full Baths: 0
    • Half Baths: 0

  • Building Information

    • Year Built: 1958
    • Building Area Total: 8,334

    Laundry Features

    • Laundry Room

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.3739
    • Lot Size Dimensions: 80x203
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 16286

  • Listing Price Information

    • Original List Price: 3,295,000
    • Listing Contract Date: 2025-04-01

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 6352028006

  • Garage and Parking

    • Garage Description: Carport,Uncovered

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 674 - Montebello
    • Postal Code Plus 4: 5811
    • Directions: Situated on Carob Way between E Washington Blvd and Jacmar Dr. Minutes from the Pico Rivera Town Center located off of Washington Blvd and Paramount Blvd.
    • Zoning: MNR3YY
    • Source Property Type: Residential Income
    • Area: 674 - Montebello

    Building and Construction

    • Property Age: 67
    • Year Built Source: Vendor Enhanced
    • Total Square Feet Living: 8334
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 04/25/2025 @ 14:56

  • MLS: 25519241
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 16 bedrooms which is for sale, it has 8,334 sqft, 16,286 sized lot, and 0 parking. are nearby neighborhoods.