5819 Montebello Park WAY East Los Angeles, CA 90022

Investment Highlights

• Excellent 5-unit Value-Add Investment Opportunity with Tremendous Rental Upside (±60%) and Enormous Renovation Potential conveniently located near retail/employment corridors on Whittier and Olympic Boulevards in East LA. (±12.4% Proforma Cap rate)

• Desirable Unit Mix of 3 1b1b units, 1 2b1b unit, and 1 2b2b unit in an area poised for more positive rent growth in the future at an unbeatable price per unit and price per SF in 90022. ($154k per unit, $178/SF; 4,333 SF on a 10,000+ SF lot)

• Plentiful On-Site Parking: 5 single-car garages. (Extra income to be captured through parking)

• Potential added income through shared on-site laundry facility or the addition of an ADU Unit. (Buyer to verify)
• Fully occupied with 100% rent collections throughout the pandemic and relatively minimal utility expenses.

• Separately metered for electricity and gas. (Owner only pays water and minimal common lighting electricity.)

• Less than a 10 to 15-minute drive from East LA College, the Citadel Outlets, the Vincent Price Art Museum, Belvedere Park/Lake, the Gold Line. (Atlantic/East LA Civic Center Stations), and the Shops at Montebello shopping mall; only 8 miles from the major employment hub of Downtown LA.

• Quick, easy access to the 5, 60 and 710 Freeways.

Property Highlights

• Highly desirable single-story layout with Spanish-Style Architecture and unique curb appeal/character; each unit has a unique fireplace and wood-paneled/open-beam ceilings.
• Copper Plumbing Installed throughout w/separate copper water lines for each unit. (May enable water utility to be split between units; buyer to verify)

• New 25 to 30-year roofing installed on the West end of the property in 2019.

• Most recent extensive renovations completed 20+ years ago; huge potential to capture value through interior unit upgrades.

• Extremely close to Schools, Shopping Centers, Grocery Outlets, Restaurants, and Playgrounds.

Please call or email Listing Agent for Details or to Submit Offers.