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919 Carob Way

Montebello, CA 90640

– beds
– baths
– sqft
16,286 sqft lot
1958 build
– on site

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 cashflow yielding a 6.65% Cap Rate and 10.27 GRM. This desirable 12 (+1 non-conforming) unit complex is located in the 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 income. Tenants enjoy the convenience of being within a short commute to many shops and restaurants as well as the simplicity of accessing the 5, 60 and 605 freeways. Please note, this property is only subject to the California Statewide AB1482 Rent Ordinance with NO local rent control for this city.

Listed By CRMLS_CA / Shant Sherbetdjian / Remax Commercial and Investment Realty

Last checked: Checking… • Last updated Apr 3, 2025 •

MLS# 25519241 —

The Building

Year Built:

1958
New Construction:

No
Building Area Total:

8334.00
Total Number Of Units:

13
# of Buildings:

3
Stories Total:

2

Interior

Levels:

Two
Laundry:

Individual Room
Laundry:

1

Location

Directions:

Situated on Carob Way between E Washington Blvd and Jacmar Dr. Minutes from the Pico Rivera Town Center located off of Washington Blvd and Paramount Blvd.
Latitude:

33.99476800
Longitude:

-118.11425600

The Property

Property Type:

Residential Income
Zoning:

MNR3YY
Lot Size Area:

16286.0000
Lot Size Dimensions:

80x203
Lot Size Acres:

0.3739
Lot Size SqFt:

16286.00
Lot Size Source:

Assessor

Listing Agent

Contact info:

The Listing

Special Listing Conditions:

Standard
Parcel Number:

6352028006

Appliances

Included:

Yes

The Community

Association:

No
Senior Community:

No
Assessments:

No

Parking

Parking:

Yes
Parking:

Carport, Uncovered
Parking Spaces:

13.00
Uncovered Spaces:

5.00
Carport Spaces:

8.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
4/2/25 Apr 2, 2025	Listed / Active	CRMLS_CA	$3,295,000

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This multifamily located in Southeast La, Montebello, CA 90640 is currently for sale for $3,295,000. 919 Carob Way is a – square foot multifamily with – beds and – baths that has been on Estately for 1 days. 919 Carob Way is in the Southeast La neighborhood of Montebello and has a WalkScore® of 69, making it somewhat walkable. This multifamily is in the attendance area of Montebello High School, Montebello Intermediate School, and Greenwood Elementary School.

Listing Courtesy of: CRMLS_CA and Remax Commercial and Investment Realty. Based on information from California Regional Multiple Listing Service, Inc. as of 17:44 on Apr 03.

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.