5-Unit Apartment
New
For Sale
$1,250,000
724 Date, Montebello, CA 90640
Two one-story structures have separate gas and electric meters, individual water heaters, and wall-mounted air conditioning.
Property Size3,432 SF
Lot Size0.33 Acres
Days on Market3
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Property Features for 724 Date
General Information
Standard status
Active
Size
3,432 SF
Lot size
0.33 Acres
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/1BA, 4 x 1BR/1BA
Multifamily Units
5
Additional Details
Utilities to Site
Yes
Amenities
wall-mounted air conditioning
Building Details
Building Size
3,432 SF
Year Built
1948
Buildings
2
Stories
1
Listing Agency:
RE/MAX 2000
Listed By:
Carlos Skubacz · License #01474295
(714) 290-0936
Source:
Archetyperealty
Added: Oct 13
Changed: Oct 15
Last Checked: Oct 15 at 2:11AM
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
Investment Insights
Based on property information with market context.
This five-unit apartment property in Montebello comprises two single-story buildings on an approximately 14,212-square-foot lot. Built in 1948, it includes a front residence with two bedrooms, one bathroom, and a private backyard, plus four rear apartments, each with one bedroom and one bathroom. The rear units share an outdoor common area. Each apartment has separate gas and electric metering, its own water heater, and access to a wall-mounted air conditioning unit.
Key Highlights
- Five apartments across two single‑story buildings
- Approximately 14,212‑square‑foot lot in Montebello, California
- Unit mix includes one 2‑bedroom, 1‑bathroom residence and four 1‑bedroom, 1‑bathroom apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,224
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,104,480
$1.1M
Cap Rate 7%
$788,914
$788.9K
Cap Rate 9%
$613,600
$613.6K
Market Conditions
NOI Build-Up for 3,432 SF
Gross rent
$109.1K $31.80/SF
− Vacancy
−$8.7K −$2.54/SF
EGI
$100.4K $29.26/SF
− OpEx
−$45.2K −$13.17/SF
NOI
$55.2K $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 Rate 5%
$1,104,480
Cap Rate 7%
$788,914
Cap Rate 9%
$613,600
Alternative Uses
Best Use
Apartment 5plus
$788.9K
$690.3K – $920.4K
NOI $55,224 @ 7.0% cap · market cap 4.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.84M
$1.61M – $2.14M
NOI $128,624 @ 7.0% cap · market cap 10.29%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
5
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
736
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Two one-story structures have separate gas and electric meters, individual water heaters, and wall-mounted air conditioning.
Where is this apartment building located?
The property is located at 724 Date Montebello, CA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Five apartments across two single‑story buildings; Approximately 14,212‑square‑foot lot in Montebello, California; Unit mix includes one 2‑bedroom, 1‑bathroom residence and four 1‑bedroom, 1‑bathroom apartments
