Sold
Closed
1239 Beach Street
Montebello CA, 90640
$2,590,000
$281.71 per sqft
Sold
Closed
9,194 sqft
Commercial
Built in 1972
Listed by Samuel Flores Reyes with PureMotive Realty Inc. 6265569500
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.
AR24193174
MLSⓇ ID
September 17, 2024
Listed
March 4, 2025
Updated
Interior Features
Total Stories
2
Laundry Description
Common Area
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.29 Acres
Other Property Details
Area Name
674 - Montebello
Days on Market
160
Garage
No
View
No
County
Los Angeles
Water Source
Public
Listing History
Date | Event | Price |
|---|---|---|
3/3/2025 | Sold | $2,590,000 |
2/25/2025 | Pending | — |
12/31/2024 | Price change | $2,800,000 -4% |
11/20/2024 | Price change | $2,890,000 -4% |
Listing Contact: 626-556-9500
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/4/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 3/4/2025 at 11:40 AM UTC