1239 Beach St
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1239 Beach St
12 Unit Apartment Building $2,800,000 ($233,333/Unit) 4.23% Cap Rate Montebello, CA 90640
EXECUTIVE SUMMARY
Located at 1239 Beach St, this 12-unit apartment complex is a prime investment opportunity for those seeking a well-maintained property with significant upside potential. Priced at $2,800,000, the property is competitively valued at just $233,000 per door, offering an attractive entry point for savvy investors.
This 9,194-square-foot complex, situated on a 12,746-square-foot lot, features 24 bedrooms and 12 bathrooms. Most tenants are on month-to-month leases, providing flexibility for immediate value-add strategies. Built in 1972, the property has undergone extensive updates, making it an excellent turnkey investment. Recent improvements include brand-new entry doors for each unit, a freshly painted exterior, tree trimming, upgraded electrical panels, and replaced outdoor lighting. The balconies have been resurfaced, and the roof received maintenance last winter, with no further work recommended by the roofer.
Located in a highly walkable area (Walk Score: 84) and within the desirable Montebello Unified School District, the property is perfectly positioned for future growth in value and rental income. Additionally, the owner may be open to negotiating further upgrades, enhancing its appeal as a long-term investment. Don’t miss the opportunity to own this well-maintained, high-potential property in a thriving market. Schedule your viewing today!
This 9,194-square-foot complex, situated on a 12,746-square-foot lot, features 24 bedrooms and 12 bathrooms. Most tenants are on month-to-month leases, providing flexibility for immediate value-add strategies. Built in 1972, the property has undergone extensive updates, making it an excellent turnkey investment. Recent improvements include brand-new entry doors for each unit, a freshly painted exterior, tree trimming, upgraded electrical panels, and replaced outdoor lighting. The balconies have been resurfaced, and the roof received maintenance last winter, with no further work recommended by the roofer.
Located in a highly walkable area (Walk Score: 84) and within the desirable Montebello Unified School District, the property is perfectly positioned for future growth in value and rental income. Additionally, the owner may be open to negotiating further upgrades, enhancing its appeal as a long-term investment. Don’t miss the opportunity to own this well-maintained, high-potential property in a thriving market. Schedule your viewing today!
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $2,800,000 | Apartment Style | Low Rise |
| Price Per Unit | $233,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.29 AC |
| Cap Rate | 4.23% | 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 |
| Price | $2,800,000 |
| Price Per Unit | $233,333 |
| Sale Type | Investment |
| Cap Rate | 4.23% |
| 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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1239 Beach St
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