FOR SALENew Listing
698 W Olympic
Montebello, CA 90640
5,504 Lot Sq Ft
Built 1915
$1,148,000
Price ReducedWas $1,275,000 — $1,148,000 (-$127,000)
Property Overview
Clean six-unit investment opportunity located in a desirable residential neighborhood of Montebello. The property features six 1-bedroom, 1-bathroom units that were extensively renovated in 2020, providing investors with a well-maintained, low-maintenance asset. A RUBS program is in place to help offset water and trash expenses and improve operating efficiency. The property is not subject to local rent control and is governed by AB 1482. Offering a 6.25% CAP Rate at an attractive price point, this is an excellent starter investment or addition to an existing multifamily portfolio.
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Home Details
- Property type
- Residential Income - Apartment
- Year built
- 1915
- Lot size
- 5,504 sq ft
- Stories
- 2
- Days on market
- 18
- MLS status
- Active
Features & Amenities
Pool
- None
Lot
- Six To Ten Units Acre
Community, Schools & Utilities
Utilities
- Water
- Public
- Sewer
- PublicSewer
Location & Neighborhood
Frequently Asked Questions About 698 W Olympic
Property type: Residential Income
The current asking price is $1,148,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 698 W Olympic. Our team will confirm availability and timing.
This property offers the living space reported in the listing. It was built in 1915. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in Montebello, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Montebello property.
The MLS currently reports the property as Active. It has been listed for 18 days. Status can change, so verify availability before relying on it.
What clients say
“Reza was the best agent we have ever worked with.”Russell & Susan McQueen
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