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$3,488,888

1244 S Spruce Street

Montebello, CA 90640

Active

Beds

Baths

8,990

Sq. Ft.

1962

Year Built

Los Angeles

County

ResidentialIncome

Property Type

About this home

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.

Listed by Shant Sherbetdjian · DRE #01713570 · Remax Commercial and Investment Realty

MLS #1192531327

ListedOct 7, 2026

Property Details

Architecture

Stories2

StyleN/A

Total Units11

RoofN/A

Garage SpacesN/A

PoolN/A

SpaNone

Features & Amenities

Interior FeaturesN/A

Exterior FeaturesN/A

FlooringN/A

CoolingN/A

HeatingN/A

FireplaceN/A

LaundryN/A

Parking FeaturesCovered

Parking Total11

Patio & PorchN/A

Entry LevelN/A

Entry LocationN/A

Common WallsN/A

Property Features

Lot Size0.32 ac

Lot FeaturesN/A

ViewN/A

DirectionsProperty is located on South Spruce Street, parallel to Greenwood Avenue, situated between Oakwood Street and Date Street.

Community

Area674 - Montebello

School DistrictN/A

Tax & Financial

TermsN/A

Land LeaseN/A

HOA NameN/A

HOA FeeN/A

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Mortgage Estimate

$18,569/mo

20% down · 7% APR · 30-yr fixed

Purchase PriceDown Payment: 20%Interest Rate: 7%

Estimate only. Does not include taxes, insurance, or HOA.

Last updated: October 21, 2026 at 8:00 PM

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