Income Home for Sale in Montebello, California (Closed)

1249 S Greenwood Avenue, Montebello, California 90640, US

$ 7,050,000

Prestige Estate Agency

+1 (424) 209-8844

info@prestigeestateagency.com

  • Price: $ 7,050,000
  • MLS ID: PW19026396
  • Property Type: Income Home
  • WEB ID: PR01045067
  • Property Status: Closed
  • Lot Size: 41,029sqft
  •  Income Home for Sale in Montebello, California

Prestige Estate Agency

+1 (424) 209-8844

info@prestigeestateagency.com

  • Price: $ 7,050,000
  • MLS ID: PW19026396
  • Property Type: Income Home
  • WEB ID: PR01045067
  • Property Status: Closed
  • Lot Size: 41,029sqft
We are please to offer the "Las Palmas Apartments", a 36-unit apartment community in the city of Montebello. The city of Montebello is known for its exceptionally strong rental market, with 55% of its population being renters. The city is ideally located near the 5, 605 and 710 Freeways, allowing its residents easy access to all of Southern California. The Las Palmas Apartments is comprised of (3) one bedroom/one bathroom units, (30) two bedroom/one bathroom units and (3) three bedroom/one bathroom units. Tenants enjoy on-site laundry, gated play area and open parking. This investment opportunity offers tremendous upside potential on current rents, that are not subject to rent control making Las Palmas Apartments an excellent investment opportunity.

Additional Features

  • 36-40 Units/Acre
  • Parking spaces: 36.00
  • Listing Status: Closed
  • Listing Agent: Doug Rodermund (lic# 01314304) of Pacific West
  • Listing Office: Morgan Skenderian (lic# 01220368)
  • Selling Agent: Samuel Mikhail (lic# 01712561)
  • Based on information from CRISNet MLS as of 22nd September 2026 at 11:03am. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Areas of expertise
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