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1109 S Spruce St
Montebello, CA 90640

$1,395,000 USD

Apartments For Sale • 3,550 SF

Property Details

Property Type Apartments
Total Building Size 3,550 SF
Lot Size 0.13 AC
Year Built 1963
Cap Rate 6.29 %
Zoning MNR3YY

30 Transit Score

50 Walk Score

                
                    Highlights
                
                                A well-maintained 4+1 unit property generating a current cap rate of 6.29% in the vibrant city of Montebello, CA.
                            
                                A pro forma cap rate of 7.09% offers investors immediate upside through continued lease-up and market-rate rent growth.
                            
                                All units have been extensively remodeled with a brand-new kitchen, updated cabinetry, new flooring, and a beautifully remodeled bathroom.
                            
                                The property offers a unit mix of one 1-bedroom/1-bathroom unit and four 2-bedroom/1-bathroom units averaging 710 SF.
                            
                                Select units featuring stainless steel appliances, split wall AC and heating units, mirrored closets, and recessed lighting.
                            
                                Direct access to the 605, 10, 60, and 210 Freeways places residents minutes from employment centers, retail corridors, and entertainment destinations.

Financial Summary (Actual)

Net Operating Income: $87,777 USD (2025)

Cap Rate:	6.29 %
Total Expenses:	$38,968 USD

Amenities

Air Conditioning
Heating
Refrigerator
Range
Smoke Free
Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
Montebello/ Commerce Metrolink Station (Metrolink Riverside Line - Metrolink Trains)	5 min	-	2.3 mi
Commerce Metrolink Station (Metrolink Orange County Line - Metrolink Trains)	6 min	-	2.4 mi
Airport	Drive	Walk	Distance
Long Beach (Daugherty Field)	27 min	-	17.5 mi
Los Angeles International	34 min	-	23.4 mi
Bob Hope	35 min	-	25.2 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	4
Type:	AttachedGarage
Included in Rent:	Yes

Eric Chen 909-418-2071 CBRE, Inc.

1109 S Spruce St Montebello, CA 90640