For Sale
$2,800,000

1239 Beach StMontebello, CA 90640

High-Yield Multifamily Investment Opportunity

Overview

Added:
Feb 3
Days on market:
61
This exceptional 12-unit apartment complex, located at 1239 Beach Street in Montebello, California, presents a compelling investment opportunity. Priced at $2,800,000, this property offers a competitive price per unit of $233,000, representing a strong entry point for investors seeking significant upside potential. The complex encompasses 9,194 square feet on a 0.29-acre lot (12,746 square feet) and features 24 bedrooms and 12 bathrooms. Built in 1972, the well-maintained building benefits from a majority of month-to-month tenants, allowing for immediate value-add strategies. The seller is open to negotiating certain upgrades, further enhancing the potential for increased returns. Situated in a highly walkable area with a Walk Score of 84, and within the desirable Montebello Unified School District, this property is ideally positioned for long-term growth in both value and rental income. The property's strong location and flexible tenancy make it an attractive investment for those seeking a multifamily asset with immediate upside potential and the possibility of further enhancement through strategic renovations. This is a rare opportunity to acquire a well-maintained, income-producing property in a thriving location.

Property Details for 1239 Beach St

Property type
Square Feet
9,194 SF
Year Built
1972
Lot Size (sq. ft)
12,632 SF

Location Insight

City
Montebello
County
Los Angeles
State
California
Latitude
34.00012
Longitude
-118.1199
1239 Beach St, Montebello, California

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1239 Beach St
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