919 Carob Way, Montebello, CA 90640

Local realty services provided by:ERA North Orange County Real Estate
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919 Carob Way,Montebello, CA 90640
$3,295,000
  • 16 Beds
  • 14 Baths
  • 8,334 sq. ft.
  • Multi-family
  • Active
Listed by:shant sherbetdjian
Office:remax commercial and investment realty
MLS#:25519241
Source:CRMLS

Price summary

  • Price:$3,295,000
  • Price per sq. ft.:$395.37

About this home

SELLER FINANCING: Seller to carry the 1st trust deed with 35% down payment at a 6.50% interest-only rate fixed for 5 years! We are pleased to present the 919-921 Carob Way Apartments. This is the first time these apartments are being offered for sale in over 22 years. This property has been family owned and operated for two decades. This fantastic apartment complex has an excellent cash flow yielding a 6.59% Cap Rate & 10.34 GRM on Current Rents. This desirable 12 (+1 non-conforming) unit complex is located in a central Montebello neighborhood and situated in a historically low vacancy rental pocket. With an attractive unit mix of spacious 1, 2 & 3-bedroom units, this property offers multiple ADU potential as it is sitting on a large 16,286 square foot R3 zoned lot. The opportunity to legalize the non-conforming unit as an ADU (buyer to verify) and rent increase potential gives the buyer many angles to further increase revenue. The owner owned laundry machines also bring in additional

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Home facts

  • Year built:1958
  • Listing Id #:25519241
  • Added:135 day(s) ago
  • Updated:August 13, 2025 at 01:10 PM

Rooms and interior

  • Bedrooms:16
  • Total bathrooms:14
  • Living area:8,334 sq. ft.

Structure and exterior

  • Year built:1958
  • Building area:8,334 sq. ft.
  • Lot area:0.37 Acres

Finances and disclosures

  • Price:$3,295,000
  • Price per sq. ft.:$395.37
Based on information from California Regional Multiple Listing Service, Inc. as of August 16, 2025 . 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. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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