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Listed by: Shant Sherbetdjian (626) 657-8150 DRE #01713570 | Remax Commercial and Investment Realty (213) 817-1000
$3,488,888
Monthly Est:$17,365
23 Beds
11 Baths
8,990sqft
1244 S Spruce St, Montebello, CA 90640
$3,488,888
$17,365/moEst:
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Multi Family
Built in 1962
$-- HOA
13,858 sqft lot
$388/sq.ft
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.
- Houzeo last checked: 3 minutes ago
- Listing updated: October 7, 2026 at 6:28 pm
- Source: California Regional MLS-CA | MLS#: 26998007
Part of
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
1962
HOA Fees
-
Finished Area
8,990 sqft
Lot Size
13,858 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
26998007
MLS Status
Active
Days on Market
1
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 23
Bathrooms: 11
Utilities & Energy
Parking Features
Covered
Pool Features
None
Price History
| Date | Event | Price |
|---|---|---|
10/07/2026 Source: | Listed for Sale | $3,488,888 $388/sqft |
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Based on information from California Regional Multiple Listing Service, Inc. as of Oct 08, 2026, 10:45PM and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
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