Multifamily in Montebello, CA — Sale in Montebello, CA

  • Price: $1.4M
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Montebello, CA 90640

Photos

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Description

4+1 Units in Montebello | Fully Renovated | 6.29% Cap Rate CBRE is pleased to exclusively present a premier multifamily investment opportunity to acquire 1109 S Spruce Street — a 4+1 unit property offering a well-positioned income stream in the vibrant city of Montebello, CA. This asset is ideally situated within a short distance of the Shops at Montebello and Citadel Outlets, and just 12 miles from Downtown Los Angeles, placing tenants at the center of a thriving live-work-play environment with direct access to the region's top employers. The property is currently generating a 6.29% cap rate, with a pro forma cap rate of 7.09%. Property Highlights 1109 S Spruce Street sits on a ±5,698 SF lot with a total building area of ±3,550 SF. The property is attractively priced at $348,750 per unit and $393 per SF. It offers a unit mix of one 1-bedroom/1-bathroom unit and four 2-bedroom/1-bathroom units averaging 710 SF. The front unit has been fully remodeled, featuring a brand-new kitchen with updated cabinetry, new flooring, a beautifully remodeled bathroom, washer/dryer hookups, and an abundance of natural light from an impressive window count — positioned directly adjacent to a park with peaceful, open views. Throughout the property, all units feature updated interiors with laminate plank wood flooring, fully equipped kitchens and bathrooms, oven ranges with hoods, stainless steel appliances including dishwashers and refrigerators, split wall AC and heating units, mirrored bedroom closets, recessed lighting, and cabinet storage. The property includes covered and street parking, and a well-manicured front yard with mature landscaping on a tree-lined residential street. Strategic Location & Connectivity Montebello is a thriving cultural and urban hub at the crossroads of Los Angeles County, San Bernardino County, Riverside County, the San Gabriel Valley, and the San Fernando Valley — offering residents unmatched regional connectivity. The 605, 10, 60, and 210 Freeway

Market Context

This multifamily in Montebello, CA is listed for sale at $1,395,000. Compare it against other multifamily listings for sale in Montebello, CA — view the full market.

First seen on CREHunt: Aug 16, 2026

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