5
See all 5 photos
$2,800,000
Est. payment /mo
0.29 Acres Lot
Price Dropped by $90K
1239 Beach ST Montebello, CA 90640
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UPDATED:
01/04/2025 05:08 AM
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR24193174
HOA Y/N No
Year Built 1972
Lot Size 0.293 Acres
Property Description
Located at 1239 Beach St, this 12-unit apartment complex is an investor's dream. Priced at $2,800,000, it is competitively trading at just $233,000 per door, offering an attractive entry point for investors seeking strong upside potential.
The property boasts 24 bedrooms and 12 bathrooms, spread across 9,194 square feet on a lot of 12,746 square feet. Built in 1972, this well-maintained complex features 12 units with most tenants on month-to-month leases, providing flexibility for immediate value-add opportunities.
Additionally, the owner may be open to negotiating for a few upgrades, making this an ideal prospect for investors aiming to enhance returns through strategic updates. Situated in a highly walkable area (Walk Score: 84) and part of the desirable Montebello Unified School District, this property is perfectly positioned for future growth in both value and rental income.
The property boasts 24 bedrooms and 12 bathrooms, spread across 9,194 square feet on a lot of 12,746 square feet. Built in 1972, this well-maintained complex features 12 units with most tenants on month-to-month leases, providing flexibility for immediate value-add opportunities.
Additionally, the owner may be open to negotiating for a few upgrades, making this an ideal prospect for investors aiming to enhance returns through strategic updates. Situated in a highly walkable area (Walk Score: 84) and part of the desirable Montebello Unified School District, this property is perfectly positioned for future growth in both value and rental income.
Location
State CA
County Los Angeles
Area 674 - Montebello
Interior
Fireplace No
Laundry Common Area
Building
Story 2
Water Public
Others
Tax ID 6353011027
Special Listing Condition Standard
Lease Land No
Listed by Samuel Flores Reyes • PureMotive Realty Inc. • 6265569500
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