9-Unit Apartment
For Sale
$2,275,000
3101 Via San Delarro, Montebello, CA 90640
Three triplex structures offer a varied unit mix, garage parking, and private laundry hookups.
Property Size5,439 SF
Lot Size0.26 Acres
Days on Market11
Property Features for 3101 Via San Delarro
General Information
Standard status
Active
Size
5,439 SF
Net Rentable
5,439 SF
Lot size
0.26 Acres
Property subtype
Apartment
Units
Unit Mix
3 x 2BR/1BA, 6 x 1BR/1BA
Multifamily Units
9
Amenities
onsite garage parking
private laundry hookups
Building Details
Building Size
5,439 SF
Year Built
1947
Buildings
3
Listing Agency:
RE/MAX 2000 REALTY
(909) 349-0363
Listed By:
Kristopher German · License #01800021
Source:
Velocityrealtysd
Added: Aug 21
Changed: Aug 28
Last Checked: Aug 30 at 11:55PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX 2000 REALTY
Investment Insights
Based on property information with market context.
Located at 3101 Via San Delarro in Montebello, this apartment property comprises three separate triplex structures with nine units. The configuration includes three two-bedroom, one-bath residences and six one-bedroom, one-bath residences. Six units are single-level, while three are situated above garage parking. The property was built in 1947 and includes onsite garage parking and private laundry hookups.
The approximately 5,439-square-foot property occupies an 11,512-square-foot lot in North Montebello, north of Beverly Boulevard and near Quiet Cannon Golf Course. Shopping, dining, schools, major transportation routes, and recreational amenities are identified in the surrounding area. Updated electrical subpanels serve the units, and most interiors have been updated. Electricity and gas are separately metered and paid directly by tenants.
The approximately 5,439-square-foot property occupies an 11,512-square-foot lot in North Montebello, north of Beverly Boulevard and near Quiet Cannon Golf Course. Shopping, dining, schools, major transportation routes, and recreational amenities are identified in the surrounding area. Updated electrical subpanels serve the units, and most interiors have been updated. Electricity and gas are separately metered and paid directly by tenants.
Key Highlights
- 9‑unit apartment property with 3 two‑bedroom/one‑bath units and 6 one‑bedroom/one‑bath units
- Three individual triplex structures totaling approximately 5,439 rentable square feet
- 11,512 sq. ft. lot in North Montebello at 3101 Via San Delarro
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$87,518
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.85%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,750,360
$1.8M
Cap Rate 7%
$1,250,257
$1.3M
Cap Rate 9%
$972,422
$972.4K
Market Conditions
NOI Build-Up for 5,439 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$173.0K $31.80/SF
− Vacancy
−$13.8K −$2.54/SF
EGI
$159.1K $29.26/SF
− OpEx
−$71.6K −$13.17/SF
NOI
$87.5K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,750,360
Cap Rate 7%
$1,250,257
Cap Rate 9%
$972,422
Alternative Uses
Best Use
Apartment 5plus
$1.25M
$1.09M – $1.46M
NOI $87,518 @ 7.0% cap · market cap 3.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.91M
$2.55M – $3.40M
NOI $203,841 @ 7.0% cap · market cap 8.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
9
Residential units
Location Intelligence
Trade Area within ½ mile
1,312
Businesses Nearby
Explore this area
Business Placement
Demographics for 90640, CA
62,678
Population
20,438
Households
3.1
Avg Household Size
38
Median Age
22%
College-Educated
74%
High-School Grad
8.3 sq mi
ZIP Area
7,552
Density / Sq Mi
$74,833
Median Household Income
$37,983
Median Earnings
$1,771
Median Rent
$660,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Three triplex structures offer a varied unit mix, garage parking, and private laundry hookups.
Where is this apartment building located?
The property is located at 3101 Via San Delarro Montebello, CA.
What is the asking price?
The asking price for this property is $2,275,000.
What are key features of this property?
This property features: 9‑unit apartment property with 3 two‑bedroom/one‑bath units and 6 one‑bedroom/one‑bath units; Three individual triplex structures totaling approximately 5,439 rentable square feet; 11,512 sq. ft. lot in North Montebello at 3101 Via San Delarro
