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    1239 Beach St Montebello, CA 90640

    Sponsored
    For Sale
    $2,800,000

    High-Yield Multifamily Investment Opportunity

    Property size:
    9,194 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 12-unit apartment complex, located at 1239 Beach Street in Montebello, California, presents a compelling investment opportunity. Priced at $2,800,000, this property offers a competitive price per unit of $233,000, representing a strong entry point for investors seeking significant upside potential. The complex encompasses 9,194 square feet on a 0.29-acre lot (12,746 square feet) and features 24 bedrooms and 12 bathrooms. Built in 1972, the well-maintained building benefits from a majority of month-to-month tenants, allowing for immediate value-add strategies. The seller is open to negotiating certain upgrades, further enhancing the potential for increased returns. Situated in a highly walkable area with a Walk Score of 84, and within the desirable Montebello Unified School District, this property is ideally positioned for long-term growth in both value and rental income. The property's strong location and flexible tenancy make it an attractive investment for those seeking a multifamily asset with immediate upside potential and the possibility of further enhancement through strategic renovations. This is a rare opportunity to acquire a well-maintained, income-producing property in a thriving location.

    Property Features for 1239 Beach St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    9,194 SF
    Lot Size
    12,632 SF

    Building Details

    Year Built
    1972
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Montebello
    County
    Los Angeles
    State
    California
    Longitude
    -118.1199
    Latitude
    34.00012

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    FAQs

    What type of property is this?
    Commercial real estate - High-Yield Multifamily Investment Opportunity
    Where is this commercial real estate located?
    The property is located at 1239 Beach St Montebello, CA.
    What is the asking price?
    The asking price for this property is $2,800,000.
    (626) 556-9500
    Request Owner's contact information
    1239 Beach St Montebello, CA 90640
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    Montebello, CA 90640
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1239 Beach St Montebello, CA 90640
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