Listed by Carlos Skubacz•DRE #01474295• RE/MAX 2000
Contact: 714-290-0936
For sale
$1,250,000
Est. $8,448/mo —
6
bd
•
5 ba
•
3,432
sq ft
724 Date, Montebello, CA 90640
About this home
Five-unit residential apartment situated on an approximately 14,212-square-foot lot in Montebello, California. The property consists of two separate single-story buildings, offering a functional layout and convenient access for residents. Each unit is separately metered for gas and electricity and features their own water heater and access to a wall-mounted air conditioning unit. The front residence offers a 2-bedroom, 1-bathroom layout with a private backyard, while the four rear units each feature a 1-bedroom, 1-bathroom layout and share an open common area that provides additional outdoor space for residents. The property's generous lot size offers potential for future income-producing improvements, including possible storage units, subject to applicable zoning and city approvals. The existing detached garage is currently in the owner's possession and may present an additional opportunity for future ADU development, subject to feasibility and required approvals. This property presents investors with an opportunity to acquire a five-unit multifamily asset with potential rental income upside. The combination of existing rental units and potential future improvements offers an opportunity to enhance the property's income-producing capabilities and long-term investment value.
Southeast La, located between the San Gabriel River and the I-710 corridor, is a residential and industrial Downey neighborhood with wide arterial boulevards and pocket parks. The neighborhood’s character concentrates around the Firestone Blvd and Lakewood Blvd crossroads, where taquerias, bakeries, and small storefronts line the sidewalks under steady traffic. Mid-century ranch homes and low-slung apartment courts sit behind mature street trees, while warehouse blocks and auto-oriented retail shape the edges. The Rio Hondo and river-channel paths add a linear, open-sky backdrop for walks and bike rides. Community rituals often orbit local staples like Porto’s Bakery & Cafe, the Downey Theatre, and the Columbia Memorial Space Center. The pace feels practical and grounded, with daily life organized around boulevards, schools, and civic spaces.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Fireplace
Bedrooms
6 bedrooms across 5 units
Bathrooms
5 full bathrooms across 5 units
Laundry & utility
No laundry facilities
Heating & cooling
Wall heating
Wall/window cooling
Exterior features
Front yard
Rectangular lot
Home design
Single story
Parking
2-car garage
4 uncovered parking spaces
Assigned parking
Utilities
Public sewer
Public water
HOA & community
Curbs
Street lighting
Sidewalks
Financial info
Five leased units
Total actual rent of $7,493
Gross scheduled income of $89,916
Gross income of $89,916
Operating expenses of $35,205
Net operating income of $54,711
Gross multiplier of 13.9
Tenants pay gas and electricity
Electricity and solar
View estimated energy costs and solar savings for this home
The purpose of the R-3 multiple family residential zone is to provide a suitable living environment for those wishing to live in multiple dwelling units. The intent is to promote desirable residential characteristics for medium density living and to stabilize and protect existing medium density areas by the establishment of those requirements and facilities conductive to the proper development.
Permitted uses
Include but are not limited to:
Housing-Multiple units
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 95° expected this year, 21 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
6/10 Air Factor
9 unhealthy days expected this year, 10 days in 30 years
Provided by First Street
Historical weather
Montebello, CA • 90640
Average low and high temperatures (°F)
71
50
73
52
75
55
73
55
76
59
80
62
84
65
88
66
85
66
80
59
72
53
70
52
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
81/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
7.9 hrs
4.5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 724 Date
There isn’t enough information to generate an accurate estimate at this time. Learn More