11-Unit Bungalow Apartment
For Sale
$3,380,000
825 S Greenwood, Montebello, CA 90640
Each residence includes a private attached garage and separate electric and gas meters.
Property Size7,904 SF
Price / SF$427.63
Days on Market86
Property Features for 825 S Greenwood
General Information
Standard status
Active
Size
7,904 SF
Property subtype
Apartment
Units
Unit Mix
11 x 2BR/1BA
Multifamily Units
11
Individually Metered Utilities
electricity, gas
Additional Details
Utilities to Site
Yes
Building Details
Building Size
7,904 SF
Year Built
1961
Buildings
11
Listing Agency:
Douglas Elliman
Listed By:
Chris Pickett
(310) 800-7103
Source:
Chrispickettrealestate
Added: Aug 3
Changed: Oct 26
Last Checked: Oct 26 at 12:02PM
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 Douglas Elliman
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Investment Insights
Based on property information with market context.
This apartment property comprises 11 bungalow buildings, each containing a two-bedroom, one-bathroom unit with an attached garage. The residences have separate electric and gas meters, while water service is measured through a single meter. Built in 1961, the property contains 7,904 square feet.
The site is at 825 S Greenwood in Montebello, California. Vacant land at the front is part of the property; the remarks indicate that additional units may be possible there.
The site is at 825 S Greenwood in Montebello, California. Vacant land at the front is part of the property; the remarks indicate that additional units may be possible there.
Key Highlights
- 11 bungalow buildings, each with a 2‑bedroom, 1‑bathroom unit
- Attached garage for each residence
- Separate electric and gas meters for each unit; one water meter serves the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$127,182
Cap Rate
3.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,543,640
$2.5M
Cap Rate 7%
$1,816,886
$1.8M
Cap Rate 9%
$1,413,133
$1.4M
Market Conditions
NOI Build-Up for 7,904 SF
Gross rent
$251.3K $31.80/SF
− Vacancy
−$20.1K −$2.54/SF
EGI
$231.2K $29.26/SF
− OpEx
−$104.1K −$13.17/SF
NOI
$127.2K $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%
$2,543,640
Cap Rate 7%
$1,816,886
Cap Rate 9%
$1,413,133
Alternative Uses
Best Use
Apartment 5plus
$1.82M
$1.59M – $2.12M
NOI $127,182 @ 7.0% cap · market cap 3.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.23M
$3.70M – $4.94M
NOI $296,224 @ 7.0% cap · market cap 8.76%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
11
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
884
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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Each residence includes a private attached garage and separate electric and gas meters.
Where is this apartment building located?
The property is located at 825 S Greenwood Montebello, CA.
What is the asking price?
The asking price for this property is $3,380,000.
What are key features of this property?
This property features: 11 bungalow buildings, each with a 2‑bedroom, 1‑bathroom unit; Attached garage for each residence; Separate electric and gas meters for each unit; one water meter serves the property
