1244 S Spruce Street
Montebello, CA 90640
23
Bed
11
Bath
8,990Sqft
13,858Sqft(Lot)
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 p
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 23Bathroom Information
Total Baths: 11
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Building Information
Year Built: 1962Building Area Total: 8990Stories: 2Pool Features: NonePrivate Pool: No
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Lot Information
Lot Dimensions: 60x230 Main Square Feet: 13858 Lot Size Acres: 0.3181 Lot Size Square Feet: 13,858
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Listing Price Information
Listing Price: $3488888
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Tax Information
Parcel Number: 6354003021
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Virtual Tour
Parking Information
Parking Total: 11 Covered
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Location Information
Direction: Property is located on South Spruce Street, parallel to Greenwood Avenue, situated between Oakwood Street and Date Street.
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 137 N 2nd, Montebello, CA, 90640 | $759,000 | 3 | 2 | -- | 6,237 Sq. Ft |
| 112 S 2nd, Montebello, CA, 90640 | $929,500 | 4 | 3 | -- | 6,158 Sq. Ft |
| 123 S 5th, Montebello, CA, 90640 | $575,000 | 2 | 3 | -- | 5,939 Sq. Ft |
| 415 S 6th Street, Montebello, CA, 90640 | $1,199,000 | 8 | 4 | -- | 7,315 Sq. Ft |
| 134 N 12th Street, Montebello, CA, 90640 | $1,799,900 | 9 | 7 | -- | 9,723 Sq. Ft |
| 2120 W Victoria Avenue, Montebello, CA, 90640 | $1,598,000 | -- | -- | 3,913 | 6,762 Sq. Ft |
| 932 S Montebello Boulev.., Montebello, CA, 90640 | $1,499,000 | 8 | 4 | 3,102 | 15,383 Sq. Ft |
| 1109 S Spruce Street, Montebello, CA, 90640 | $1,395,000 | 2 | 1 | -- | 5,698 Sq. Ft |
| 2222 W Olympic, Montebello, CA, 90640 | $685,000 | 2 | 2 | -- | 2,491 Sq. Ft |
| 3613 Via Campo, Montebello, CA, 90640 | $988,888 | 4 | 2 | 1,540 | 7,022 Sq. Ft |
Similar Multifamily To 1244 S Spruce Street
Nearby For Sale
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ByOwner last updated this listing 10/10/2026 @ 08:13
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