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Listed by Samuel Flores Reyes • PureMotive Realty Inc.
$ 2,800,000
Est. payment /mo
Price Dropped by $90K
1239 Beach Street Montebello, CA 90640
UPDATED:
01/04/2025 06:20 AM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR-24193174
Year Built 1972
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
Interior
Laundry Common Area
Building
Lot Description Lot 10000-19999 Sqft