1401 West Olympic Boulevard

Montebello, CA 90640

$1,000,000
Price
4
Beds
4
Baths
2,078 Sq. Ft.
$481 / Sq. Ft.
2,078
Sq. Ft.
$481
per Sq. Ft.

Description

A lucrative investment opportunity! This property features four 1-bedroom, 1-bathroom units, each with separate gas and electric meters, ensuring convenience for tenants and minimal hassle for the owner. Additionally, the property generates extra income by renting out vehicle parking spaces for $800/month. Situated in a desirable Montebello location, this multi-unit property is perfect for investors seeking steady rental income and strong demand. This property boasts commercial zoning, providing...A lucrative investment opportunity! This property features four 1-bedroom, 1-bathroom units, each with separate gas and electric meters, ensuring convenience for tenants and minimal hassle for the owner. Additionally, the property generates extra income by renting out vehicle parking spaces for $800/month. Situated in a desirable Montebello location, this multi-unit property is perfect for investors seeking steady rental income and strong demand. This property boasts commercial zoning, providing exceptional versatility and investment potential.
  1. Listed by Xavier Franco • DRE #02108791 • Luxury Collective • 818-321-7401
  2. Listed by David Petikyan • DRE #02089725 • Luxury Collective

Property Details for 1401 West Olympic Boulevard

View
None
Parking Spaces Total
4
Private Pool
No
Cooling Type
Wall/Window
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
2078
LISTING UPDATED: 11/20/2024 10:43 PM

Property Details for 1401 West Olympic Boulevard

StatusActive
MLS #SR24237844
Days on Market31
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1952
Lot Size0.11 AC / 4,737 SF
CountyLos Angeles County

Building Information for 1401 West Olympic Boulevard

Stories2Residences-Year Built1952Building Size-Lot Size0.11 AC / 4,737 SF

Property Information for 1401 West Olympic Boulevard

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas, Insurance
Income / Expense / Tax Details
Income Details
  • Gross Income: $66,000
  • Gross Scheduled Income: $66,000
  • Net Operating Income: $62,580
  • Cap Rate: 6.0
Expense Details
  • Operating Expense: $2,640
  • Insurance Expense: $1,500
  • Trash Expense: $1,200
  • Water Sewer Expense: $720
  • Total Expenses: $3,420
Tax / Assessment Info
  • Tax Tract Number: 8325
  • Tax Census Tract: 5320.02
  • CFD/Mello-Roos Fee: $1,147
  • Tax Lot: 5
Community / Development
Community / Development
  • Community Features: Park, Sidewalks, Suburban
Property / Structure Info
Interior Features
  • Room Type: Family Room, Primary Bedroom
  • Laundry: Yes
  • Laundry Features: Common Area
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Wall
  • Heating: Wall Furnace
Exterior Features
  • Entry Location: 4
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Corner Lot, Park Nearby
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking: Yes
  • Parking Garage: Garage - 2 Car
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
  • Parking Features: Attached Carport, Garage - Two Door
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,000
  • Unit Type Total Rent: $1,000
  • Unit Type Pro Forma: 1400
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,280
  • Unit Type Total Rent: $1,280
  • Unit Type Pro Forma: 1400
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,120
  • Unit Type Total Rent: $1,120
  • Unit Type Pro Forma: 1400
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,300
  • Unit Type Total Rent: $1,300
  • Unit Type Pro Forma: 1400
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Wall AC: 4

Property History for 1401 West Olympic Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1401 West Olympic Boulevard

Taxable ValueLand$221,619Additions$99,582Total$321,201
Tax Record2024$5,453 ($454 / month)
Home Facts
Total Finished SqFt2,078 SqFtAbove Grade Finished SqFt2,078 SqFtStories1Lot Size4,737 SqFtStyleOffice BuildingYear Built1956ZoningMNC2*CountyLOS ANGELESAPN6350-013-007

Schools near 1401 West Olympic Boulevard

This home is within Montebello Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Washington Elementary School
PublicK to 5

Montebello Intermediate School
Public6 to 8

Montebello High School
Public9 to 12

Applied Technology Center
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1401 West Olympic Boulevard is a multi-family home for sale in Montebello, CA 90640. This property was listed for sale on November 8, 2024 by Luxury Collective, it's currently listed at $1,000,000. This listing's school district is Montebello Unified School District. Nearby schools include Washington Elementary School, Montebello Intermediate School and Montebello High School. 1401 West Olympic Boulevard is a 4-bed, 4-bath, 2,078 sqft multi-family home built in 1952.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Luxury Collective, Xavier Franco, DRE #02108791; Luxury Collective, David Petikyan, DRE #02089725

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.