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$ 1,495,000
Est. payment | /mo
9 Beds
6 Baths
6,251 Sqft Lot
$ 1,495,000
Est. payment | /mo
9 Beds
6 Baths
6,251 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID ND25046533
Bedrooms 9
HOA Y/N No
Lot Size 6,251 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Location, location, location, and seller upgrades. This Montebello triplex is one of a kind, like living in a private townhome. Montebello is Italian for Beautiful Mountain, It is the wine label for Ridge Vineyards and the emblem of agriculture in Northern Italy. This amazing community is picturesque surrounded by gentle sloping hills and greenery abound. Located right in the heart of this beautiful community is 140 N 3rd street. A three unit triplex, unit A, B, and C. Each unit boast 3 bedrooms, two bathrooms, a private outside area, garage parking, and access to on-site laundry with a private storage closet. Each unit comes equipped with its own electric and gas meters providing individuality and privacy for each unit. This feature not only ads value, but also simplifies the management process. This property is conveniently close to the pulse of the community with nearby freeway access, shopping, and dining. Soft In-Place rents bring in 22.32 GRM. CURRENT MARKET RENTS COULD POTENTIALLY BRING IN 13.39 GRM OR HIGHER. The front unit, #A, has a large 18X15 eat-in kitchen, a grand living room, 17X13, an ample sized master bedroom, 16X14, with two additional bedrooms that have great space (11X12 and 11X11). To top it off, unit A has a sweet touch of warm elegance with an amazing fireplace that faces both the kitchen/dining and the living room. The upstairs unit C and downstairs unit B share a similar floor plan. As you approach the upstairs unit you are greeted by a private 16X10 private patio, a large living room at 16X14, a 15X10 kitchen and a 16X17 master bedroom. The additi
Location, location, location, and seller upgrades. This Montebello triplex is one of a kind, like living in a private townhome. Montebello is Italian for Beautiful Mountain, It is the wine label for Ridge Vineyards and the emblem of agriculture in Northern Italy. This amazing community is picturesque surrounded by gentle sloping hills and greenery abound. Located right in the heart of this beautiful community is 140 N 3rd street. A three unit triplex, unit A, B, and C. Each unit boast 3 bedrooms, two bathrooms, a private outside area, garage parking, and access to on-site laundry with a private storage closet. Each unit comes equipped with its own electric and gas meters providing individuality and privacy for each unit. This feature not only ads value, but also simplifies the management process. This property is conveniently close to the pulse of the community with nearby freeway access, shopping, and dining. Soft In-Place rents bring in 22.32 GRM. CURRENT MARKET RENTS COULD POTENTIALLY BRING IN 13.39 GRM OR HIGHER. The front unit, #A, has a large 18X15 eat-in kitchen, a grand living room, 17X13, an ample sized master bedroom, 16X14, with two additional bedrooms that have great space (11X12 and 11X11). To top it off, unit A has a sweet touch of warm elegance with an amazing fireplace that faces both the kitchen/dining and the living room. The upstairs unit C and downstairs unit B share a similar floor plan. As you approach the upstairs unit you are greeted by a private 16X10 private patio, a large living room at 16X14, a 15X10 kitchen and a 16X17 master bedroom. The additional two bedrooms are standard to detached homes measuring 10X10. A huge benefit to this triplex is the off-street garage parking on-site. Unit A and C have two parking spaces and unit B has one. 140 N 3rd Street is an amazing property to purchase and live in one while renting the others, or for the savvy investor that desires an income property in Los Angeles, the home to Hollywood and many possibilities.
Location, location, location, and seller upgrades. This Montebello triplex is one of a kind, like living in a private townhome. Montebello is Italian for Beautiful Mountain, It is the wine label for Ridge Vineyards and the emblem of agriculture in Northern Italy. This amazing community is picturesque surrounded by gentle sloping hills and greenery abound. Located right in the heart of this beautiful community is 140 N 3rd street. A three unit triplex, unit A, B, and C. Each unit boast 3 bedrooms, two bathrooms, a private outside area, garage parking, and access to on-site laundry with a private storage closet. Each unit comes equipped with its own electric and gas meters providing individuality and privacy for each unit. This feature not only ads value, but also simplifies the management process. This property is conveniently close to the pulse of the community with nearby freeway access, shopping, and dining. Soft In-Place rents bring in 22.32 GRM. CURRENT MARKET RENTS COULD POTENTIALLY BRING IN 13.39 GRM OR HIGHER. The front unit, #A, has a large 18X15 eat-in kitchen, a grand living room, 17X13, an ample sized master bedroom, 16X14, with two additional bedrooms that have great space (11X12 and 11X11). To top it off, unit A has a sweet touch of warm elegance with an amazing fireplace that faces both the kitchen/dining and the living room. The upstairs unit C and downstairs unit B share a similar floor plan. As you approach the upstairs unit you are greeted by a private 16X10 private patio, a large living room at 16X14, a 15X10 kitchen and a 16X17 master bedroom. The additional two bedrooms are standard to detached homes measuring 10X10. A huge benefit to this triplex is the off-street garage parking on-site. Unit A and C have two parking spaces and unit B has one. 140 N 3rd Street is an amazing property to purchase and live in one while renting the others, or for the savvy investor that desires an income property in Los Angeles, the home to Hollywood and many possibilities.
Location
State CA
County Los Angeles
Area Montebello (90640)
Zoning Assessor
Interior
Heating Electric
Cooling Wall/Window
Exterior
Exterior Feature Stucco, Wood
Building
Lot Description Curbs, Sidewalks
Story 1
Lot Size Range 4000-7499 SF
Level or Stories 1 Story
Others
Acceptable Financing Cash, Conventional, Exchange
Space Rent $2,112
Listing Terms Cash, Conventional, Exchange
Virtual Tour https://app.homejab.com/property/view/140-n-3rd-st-montebello-ca-90640-usa
Listed by Lasonia Stewart Brown • R Stewart Realty
"My mission as your Realtor is to build trust-based relationships and exceed your expectations, ensuring a seamless and rewarding real estate experience."