1244 South Spruce Street Montebello, CA ^$ 3,488,888

1244 South Spruce Street

^$ 3,488,888

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Recently Listed

1244 South Spruce Street

Montebello, CA, 90640

^$ 3,488,888

Bedrooms-- Baths0.0 Sq 8,990

Monthly Estimate*

^$ 24,097

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Multi-Family Home for sale in Montebello, CA

for $3,488,888. This 8,990 square foot home was built in 1962 on a lot size of 0.32.

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.

Multi-Family Active

Price

^$ 3,488,888

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.32

Year Built

1962

Town/City

Montebello

County/Region

Los Angeles

MLS | Web ID

0026998007

Features

General

Living Area 8990

Zoning MNR3YY

Year Built 1962

Levels Two

County Los Angeles

New Construction false

Property Type Residential Income

HOA false

Status Active

City Montebello

Senior Community Y/N false

MLS Area 674 - Montebello

Lot Size Units Square Feet

Lot Size Square Feet 13858

Additional Parcels Y/N false

Structure Type None

Standard Status Active

Interior

Total Stories 2

Total Baths 0

Exterior

Parking Features None Covered

Lot Size Area 13858

Spa false

Building Area Total 8990

Lot Dimensions 60x230

Lot Size Acres 0.32

* Excluded Features

List By

Shant Sherbetdjian

Listing Agent

Unknown Office

Broker

Affordability Calculator

$24,097

Per Month

Monthly Principal & Interest: $24,097
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Montebello, CA

Average List Price ^$1,645,211

Percent of Sale Price 53%

About Montebello, CA

63,627 Population

2% Since 2002

^$49,148 Median Income

36.52 Median Age

31% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

0 Middle School

Unknown High School High School

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Pricing History

Date	Price	Price Change	Description
10/7/2026	$3,488,888		Listed Price

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1244 South Spruce Street, Montebello, CA, 90640 is a Multi-Family Home for sale at $3,488,888 with 8,990 sqft and a lot size of 0.32. 1244 South Spruce Street has 0.0 baths and was built in 1962. The property's zip code is 90640 which is in Montebello, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 10/8/2026. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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1244 South Spruce Street

Multi-Family Home for sale in Montebello, CA

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