90640 Homes with Apartment Subtype

90640 Homes with Apartment Subtype

Located in the vibrant city of Montebello, California, the zip code 90640 offers a variety of housing options for residents. Situated in Los Angeles County, this area is known for its diverse community, excellent amenities, and convenient access to major attractions.

One of the popular housing options in the 90640 zip code is homes with an apartment subtype. These properties provide a unique living arrangement, allowing homeowners to have an additional living space or rental unit on their property. Whether you're looking for a separate space for extended family, a home office, or an opportunity to generate rental income, homes with an apartment subtype offer versatility and flexibility.

With this subtype, homeowners can enjoy the benefits of having a private and self-contained unit within their property. This can be particularly advantageous for multi-generational families or those who desire additional space for various purposes. The separate apartment can also serve as a guest suite, providing a comfortable and private accommodation for visitors.

Furthermore, owning a home with an apartment subtype can be a great investment opportunity. Renting out the apartment can provide a steady stream of income, helping to offset mortgage costs or contribute to savings. With the demand for rental properties in the Montebello area, this subtype can be a lucrative option for homeowners.

If you're considering a home in the 90640 zip code, exploring the homes with an apartment subtype can offer you a unique and flexible living arrangement. With its convenient location and diverse community, Montebello provides an ideal setting for those seeking a comfortable and versatile home.

Newest 90640 Homes with Apartment Subtype

$2,150,000
CV26115746 MLS ⋅ Active Status
Just Listed...Excellent Price Per Unit! Rare opportunity to acquire two side-by-side 5-unit properties in the city of Montebello, offering investors the chance to purchase 10 total units across two separate parcels in one of the area’s most supply-constrained rental markets. Offered at $2,150,000, this unique investment features a desirable layout with six single-story units and four second-level units with parking below. The property offers an efficient unit mix consisting of six 1-Bed/1-Bath units and four Studio apartments, appealing to a broad range of tenants and supporting strong occupancy. Residents benefit from onsite garage parking, while investors benefit from tenants paying for their own utility usage, helping keep operating expenses under control. A major advantage of this offering is the absence of local city rent control, providing investors with greater operational flexibility and long-term rental growth potential. With a massive 30% upside in rental income, the property presents a clear value-add opportunity to significantly increase cash-flow over time. Located in a prime Montebello rental pocket just minutes from Montebello Park, Whittier Boulevard, schools, and major amenities, this is a rare chance to invest in a market where multifamily inventory rarely becomes available.

221 S Maple Avenue, Montebello
$1,375,000
WS26051036 MLS ⋅ Active Status
What if your next investment property already came with six renovated units producing stable rental income in one of Montebello’s strongest rental markets? We are pleased to present a turn-key 6-unit investment opportunity in the heart of Montebello, offering investors a rare chance to acquire a well-maintained, income-producing property with strong rental demand. The property features six renovated 1-bedroom, 1-bathroom units that are easy to rent and professionally owned and operated, making this an ideal asset for investors seeking stable cash flow and long-term appreciation. Ownership has completed numerous recent renovations and capital improvements, allowing a new owner to step into a low-maintenance, professionally managed asset from day one. Each unit is separately metered for gas and electricity, and the owner has implemented a RUBS (Ratio Utility Billing System) for water and trash, helping reduce operating expenses and improve overall property efficiency. Tenants benefit from the property’s prime central location near Whittier Boulevard, placing them within close proximity to a wide range of shopping, dining, and everyday conveniences. The property also offers excellent regional connectivity with easy access to the 5, 60, 605, and 710 freeways, making commuting throughout Los Angeles County convenient. With renovated units, strong in-place rental income, and a desirable location in the San Gabriel Valley, this property presents an excellent opportunity for investors seeking a stable long-term hold or a strategic 1031 exchange acquisition.

252 S 7th, Montebello
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.