USACAMontebello1244 S Spruce Street
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New
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$3,488,888

For Sale

20 hours ago

1244 S Spruce St, Montebello, CA

House

MLS® 26998007

23 Bed

11 Bath

8990 sqft

11 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size 8990 sqft
Garage 
Taxes 
Days Active 1
Lot Size 0.3181 Acres
Approx. Age 1962
Avg. Price Per Sqft $388
MLS® Number 26998007

Property Address: 1244 S Spruce Street, Montebello, CA, 90640

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number26998007
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1962
Basement
DrivewayCovered
Garage Spaces
Heat
A/C

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Oct 7, 2026List Date
$3,488,888List Price
  • Commute

Commute

Starting Address
Destination Address
1244 S Spruce St, Montebello, CA

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