1239 Beach St - Apartments FOR SALE


Montebello, CA 90640
$2,800,000 USD
626-556-9500
1239 Beach St, Montebello, CA for Sale
$2,800,000 USD
Apartments - FOR SALE
1/8
null | 4.23% Cap Rate

1239 Beach St
Montebello, CA 90640


OVERVIEW

Located at 1239 Beach St, this 12-unit apartment complex is a prime investment opportunity for those seeking a well-maintained property with significant upside potential. Priced at $2,800,000, the property is competitively valued at just $233,000 per door, offering an attractive entry point for savvy investors. This 9,194-square-foot complex, situated on a 12,746-square-foot lot, features 24 bedrooms and 12 bathrooms. Most tenants are on month-to-month leases, providing flexibility for immediate value-add strategies. Built in 1972, the property has undergone extensive updates, making it an excellent turnkey investment. Recent improvements include brand-new entry doors for each unit, a freshly painted exterior, tree trimming, upgraded electrical panels, and replaced outdoor lighting. The balconies have been resurfaced, and the roof received maintenance last winter, with no further work recommended by the roofer. Located in a highly walkable area (Walk Score: 84) and within the desirable Montebello Unified School District, the property is perfectly positioned for future growth in value and rental income. Additionally, the owner may be open to negotiating further upgrades, enhancing its appeal as a long-term investment. Don’t miss the opportunity to own this well-maintained, high-potential property in a thriving market. Schedule your viewing today!

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$305 USD /SF

# OF UNITS

12

PRICE/UNIT

$233,333

CAP RATE

4.23%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1972

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,595 SF

ZONING

MNR3*

APN/PARCEL ID

6353-011-027

ASK ABOUT THIS PROPERTY

Samuel FloresPureMotive Real EstateMore Info
626-556-9500

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Samuel FloresPureMotive Real EstateMore Info
626-556-9500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.