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1244 S Spruce Street, Montebello, CA 90640

$3,488,888 Approx. USD 23 beds, 11 baths
8,990 sqft

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Marketed By

Berkshire Hathaway HomeServices California Properties 11828 Rancho Bernardo Rd, Ste 210
San Diego, CA 92128 888-995-7575

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Listing Agent

Shant Sherbetdjian | ss@remaxcir.com
Lic#: 01713570
Broker: Courtesy of Remax Commercial and Investment Realty
Phone: 626-657-8150

Agent Remarks

First time being offered for sale in 28 years (nearly three decades), this property presents an excellent opportunity to acquire a well-maintained multifamily investment with an attractive unit mix consisting primarily of spacious two-bedroom units, along with a three-bedroom unit, averaging nearly 800 square feet each. The property offers attractive cash flow with a 6.21% cap rate and a 10.22 GRM based on current rents which include additional income generated from the on-site laundry facilities. Recent improvements include a newly painted exterior, adding to the property's overall appeal. This is an excellent opportunity for a 1031 exchange up-leg or as an addition to an existing investment portfolio. Conveniently located within a short distance of the 5, 605, 60, and 710 freeways, the property provides easy access to major transportation routes. The property is not subject to any local rent control and is only subject to California's statewide AB 1482 rent regulations.

Listing Details

Property type: (Multi-Family)

Status: Active

MLS# 26998007

Price: $3,488,888

Beds: 23

Baths: 11

Built in 1962

8,990 sqft

2 stories

0.32 acres

Lot size: 0.3181

County: Los Angeles

Zoning: MNR3YY

Parking description: Covered

MLS area: 674 - Montebello

Last Updated: 11/3/2026

Days On Market (DOM): 28

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This listing belongs to the 674 - Montebello MLS area

Lat/Long: 33.988807, -118.120649.
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