1244 S Spruce St, Montebello, CA 90640
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1244 S Spruce St, Montebello, CA 90640
1244 S Spruce St, Montebello, CA 90640
1244 S Spruce St, Montebello, CA 90640
1244 S Spruce St, Montebello, CA 90640
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1244 S Spruce St Montebello, CA 90640

23 Beds

11 Baths

8,990 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 8,990 sqft

Price per Sqft $388

MLS Listing ID 26998007

Bedrooms 23

Year Built 1962

Lot Size 0.318 Acres

Acres 0.3181

Property Sub-Type Multi-Family

Property 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.

Location

State CA

County Los Angeles

Area Montebello

Zoning MNR3YY

Rooms

Other Rooms None

Interior

Heating Other

Cooling Other

Equipment Other

Laundry Laundry Area

Exterior

Parking Features Covered Parking

Garage Spaces 11.0

Pool None

Waterfront Description None

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information 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. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Remax Commercial and Investment Realty
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1244 S Spruce St