1239 Beach St
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1239 Beach St
12 Unit Apartment Building $2,800,000 ($233,333/Unit) Montebello, CA 90640
Executive Summary
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.
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.
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- Offering Memorandum
Property Facts
| Price | $2,800,000 | Building Class | C |
| Price Per Unit | $233,333 | Lot Size | 0.29 AC |
| Sale Type | Investment | Building Size | 9,194 SF |
| No. Units | 12 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1972 |
| Property Subtype | Apartment | Parking Ratio | 1.52/1,000 SF |
| Apartment Style | Low Rise |
| Price | $2,800,000 |
| Price Per Unit | $233,333 |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 9,194 SF |
| No. Stories | 3 |
| Year Built | 1972 |
| Parking Ratio | 1.52/1,000 SF |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 12 | - | - |
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PROPERTY TAXES
| Parcel Number | 6353-011-027 | Improvements Assessment | $312,459 |
| Land Assessment | $37,460 | Total Assessment | $349,919 |
PROPERTY TAXES
Parcel Number
6353-011-027
Land Assessment
$37,460
Improvements Assessment
$312,459
Total Assessment
$349,919
zoning
| Zoning Code | MNR3* |
| MNR3* |
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PureMotive Real Estate
1239 Beach St
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