919 Carob Way, Montebello, CA 90640

Local realty services provided by:ERA Donahoe Realty
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:181 day(s) ago
  • Updated:September 26, 2025 at 10:31 AM

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
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