Map location of 1029 S Montebello Boulevard, Montebello, CA 90640
$9,750,000
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1029 S Montebello Boulevard, Montebello, CA 90640

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0 Beds
0 Baths
26,250 Sq Ft

The subject property is a newly constructed 15-unit townhouse style apartment building located at 1029 S. Montebello Blvd. in the city of Montebello. Completed in 2021, this property is composed of 3 three-story structures with approximately 26,250 SF of rentable space sitting on a parcel of approximately 22,678 SF. A condominium map has been filed for this property and the map will be recorded prior to close of escrow.The units at this property are significantly larger than other for-rent units typically found in the market and are perfectly positioned for multi-generational families and work-from-home roommate environments. All fifteen units are large 5br, 3.75ba three-story townhome units of approximately 1,750 square feet with attached two-car garages. For-rent townhomes of this size and bedroom count are extremely hard if not impossible to find in the Montebello market, especially in newly constructed buildings. As such, these units fill a unique niche in the market that could certainly be advantageous for a new owner as families and groups of renters consolidate in the coming years. The demand for multi-generational housing accommodations has vaulted in popularity and these large townhome units certainly help fill this need.In terms of amenities, each unit in this building benefits from an attached two-car garage with immediate access to the living space. There are five additional uncovered surface parking spaces for guests and overflow parking. All units have a private balcony, central heating and air conditioning and an open kitchen layout with a large kitchen island. Washer/dryer hookups are provided in a full laundry room on the third floor of each unit and the bedroom and bathroom on the first floor of each unit is ADA compliant. Tenants are responsible for their own electricity and gas bills and they are billed separately by sub-metering company Minol for water, sewer and trash.The neighborhood surrounding the subject property is residential in nature and is composed primarily of well-maintained single-family homes and small apartment buildings. The property is located in south Montebello and is located a short distance north of the I-5 freeway and access to this important arterial is excellent. This property offers a rare opportunity for an investor to purchase a newly constructed 15-unit apartment building with a condominium map in place that benefits from a unit mix that is unique to the market.

Listing By: Matthew Wenzel - Marcus & Millichap camrmls Realty.com
  • MLS# PW21113732
  • Date Listed05/26/2021
  • Bedrooms 0
  • Bathrooms
  • Lot Size 0.52 acres (22,677 sq. ft)
  • County Los Angeles
  • Year Built 2021
  • Square Feet 26,250 sq. ft
  • Price Per Sq. Ft $371.43

Interior Features

  • Cooling Data Unavailable
  • Heating Data Unavailable

Exterior / Lot Features

  • Exterior Gutters, Sidewalks
  • Roof Bituthene
  • Lot Size Acres 0.52
  • Lot Size SQFT 22,677.34
  • Lot Features Curbs Walk

Directions

Montebello Ave south of Washington Blvd.

Financial Considerations

Nearby Schools

Source: School Digger

Greenwood Elementary School

Public • PK - 5 • Serves this home

0.7 mi

Distance

Rio Vista Elementary School

Public • PK - 5

1.41 mi

Distance

Washington Elementary School

Public • PK - 5

1.73 mi

Distance

Rivera Elementary School

Public • PK - 5

1.88 mi

Distance

Fremont Elementary School

Public • PK - 5

2.14 mi

Distance

Valencia Academy Of The Arts

Public • PK - 5

2.2 mi

Distance

Montebello Park Elementary School

Public • PK - 5

2.45 mi

Distance

Maizeland Early Learning Program

Public • PK - PK

2.52 mi

Distance

Rosewood Park School

Public • PK - 8

2.71 mi

Distance

Montebello Gardens Elementary School

Public • PK - 5

2.72 mi

Distance

Montebello Intermediate School

Public • 6 - 8 • Serves this home

1.65 mi

Distance

Rivera Middle School

Public • 6 - 8

2.52 mi

Distance

Suva Intermediate School

Public • 6 - 8

2.89 mi

Distance

Eastmont Intermediate School

Public • 6 - 8

3.18 mi

Distance

Griffiths Middle School

Public • 6 - 8

3.37 mi

Distance

La Merced Intermediate School

Public • 6 - 8

3.39 mi

Distance

North Park Academy Of The Arts

Public • 6 - 8

3.4 mi

Distance

Osburn Burke Middle School

Public • 6 - 8

3.88 mi

Distance

Katherine Edwards Middle School

Public • 6 - 8

3.99 mi

Distance

Bell Gardens Intermediate School

Public • 6 - 8

4.1 mi

Distance

Applied Technology Center

Public • 9 - 12 • Serves this home

0.7 mi

Distance

Vail High (continuation) School

Public • 10 - 12

1.07 mi

Distance

La Causa Youthbuild

Public • 9 - 12

1.93 mi

Distance

Ellen Ochoa Prep Academy

Public • 9 - 12

2.31 mi

Distance

El Rancho High School

Public • 9 - 12

2.52 mi

Distance

T.i.m.e. Community

Public • 9 - 10

2.61 mi

Distance

Montebello High School

Public • 9 - 12

2.61 mi

Distance

Bell Gardens High School

Public • 9 - 12

2.92 mi

Distance

Montebello Community Day School

Public • 9 - 12

3.18 mi

Distance

Schurr High School

Public • 9 - 12

3.57 mi

Distance

Armenian Mesrobian

Private • PK - 12

2.72 mi

Distance

Cantwellsacred Heart Of Mary High School

Private • 09 - 12

2.79 mi

Distance

Heritage Christian School

Private • KG - 12

4.7 mi

Distance

Don Bosco Technical Institute

Private • 09 - 12

5.03 mi

Distance

Keystone Academy

Private • KG - 12

5.6 mi

Distance

St. Paul High School

Private • 09 - 12

6.82 mi

Distance

Sales & Tax History

Source: Public Records

Population & Environment

Source: Sperling's Best Places

Walkability in CA / 90640

Source: Walkscore

71/100

Very Walkable

Walk Score ®

65/100

Bikable

Bike Score ®

Overview

Most errands can be accomplished on foot. It is possible to get on a bus. Some bike infrastructure.

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 58/100, Transit Score: 6/100, Bike Score: 52/100.

Points of Interest near 1029 S Montebello Boulevard, Montebello, CA 90640

Frequently Asked Questions for 1029 S Montebello Boulevard

Source: Realty.com

1029 S Montebello Boulevard, Montebello, CA 90640 is a Cluster, Residential Income property listed for $9,750,000 The property is 26250 sq. ft with 0 bedrooms and 0 bathrooms

Our records indicate that 1029 S Montebello Boulevard was built in 2021.

The full address for this home is 1029 S Montebello Boulevard, Montebello, CA 90640.

1029 S Montebello Boulevard has been listed on Realty.com since Wed May 26, 2021

Most errands can be accomplished on foot. It is possible to get on a bus. Some bike infrastructure.

The average walkability score in the surrounding area is Walk Score: 58/100, Transit Score: 6/100, Bike Score: 52/100.

There are 3 schools assigned to this home. Check out the schools near 1029 S Montebello Boulevard. Greenwood Elementary School (Grades: PK - 5), Montebello Intermediate School (Grades: 6 - 8), Applied Technology Center (Grades: 9 - 12)

Listing provided courtesy of: Marcus & Millichap (tel: 562-257-1200)
Listing agent: Matthew Wenzel (tel: 714-875-2878) (#PWWENMAT)

This content last refreshed on 2025-12-20 23:54:36. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

Export listing data of 1029 S Montebello Boulevard, Montebello, CA 90640 : MLS# PW21113732

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