1244 S Spruce Street, Montebello, CA — listing photo 1
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FOR SALENew Listing

1244 S Spruce Street

Montebello, CA 90640
23 Beds
11 Baths
8,990 Sq Ft
Built 1962
$3,488,888

Property Overview

First time being offered for sale in 28 years (nearly three decades), this property presents an excellent opportunity to acquire a well-maintained multifamily investment with an attractive unit mix consisting primarily of spacious two-bedroom units, along with a three-bedroom unit, averaging nearly 800 square feet each. The property offers attractive cash flow with a 6.21% cap rate and a 10.22 GRM based on current rents which include additional income generated from the on-site laundry facilities. Recent improvements include a newly painted exterior, adding to the property's overall appeal. This is an excellent opportunity for a 1031 exchange up-leg or as an addition to an existing investment portfolio. Conveniently located within a short distance of the 5, 605, 60, and 710 freeways, the property provides easy access to major transportation routes. The property is not subject to any local rent control and is only subject to California's statewide AB 1482 rent regulations.

Home Details

Property type
Residential Income
Year built
1962
Living area
8,990 sq ft
Lot size
13,858 sq ft
Parking
11 spaces
Stories
2
Days on market
0
MLS status
Active
Zoning
MNR3YY

Features & Amenities

Parking

  • Covered

Pool

  • None

Location & Neighborhood

1244 S Spruce Street

Montebello, CA 90640

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Frequently Asked Questions About 1244 S Spruce Street

Property type: Residential Income

The current asking price is $3,488,888. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 1244 S Spruce Street. Our team will confirm availability and timing.
This 23 bedrooms and 11 bathrooms property offers approximately 8,990 square feet of living space. It was built in 1962. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in Montebello, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Montebello property.
The MLS currently reports the property as Active. It has been listed for 0 days. Status can change, so verify availability before relying on it.

What clients say

“Reza was the best agent we have ever worked with.”Russell & Susan McQueen

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Crown Coastal Support Team

Direct support from our real estate team

No obligation. Your inquiry goes directly to the Crown Coastal team.

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Reza Barghlameno

eXp of California

Call: +1 (858) 305-4362
Email: contact@crowncoastalhomes.com

Listing Agent

Name: Shant Sherbetdjian
MLS ID: CLW-X83172

Available property

$3,488,888

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Data provided by California Regional Multiple Listing Service, Inc. ("CRMLS"). Information is for viewer's personal, non-commercial use. All data should be independently verified for accuracy.