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$ 2,800,000
Est. payment /mo
Active
1239 Beach Street Montebello, CA 90640
9,194 SqFt
UPDATED:
01/04/2025 02:58 PM
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 9,194 sqft
Price per Sqft $304
MLS Listing ID CRAR24193174
HOA Y/N No
Year Built 1972
Lot Size 0.293 Acres
Acres 0.29
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.
Location
State CA
County Los Angeles
Area Listing
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 6353011027
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Samuel Flores Reyes • PureMotive Realty Inc.
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