
Montebello, California 90640
This Quadruplex Residential Income Asset is a High-Potential Investment Opportunity, listed at $1,395,000—positioned well below the $1,457,341 Fair Market Value by 4%. This valuation gap offers $62,341 in Instant Equity. Featuring a Mint Condition Rating with fully remodeled interiors and stainless steel appliances, this property minimizes capital expenditure. Its strategic location near major freeways and regional employment hubs ensures strong rental demand. This is an ideal acquisition for Buy-and-Hold Investors or 1031 Exchange Buyers seeking a turnkey, income-generating asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1109 S Spruce Street Subject | $1,395,000* List Price | 0 | 0 | 3,550 | $411 | - |
A 805 S 10th Street Sold | $1,210,000 | 0 | 0 | 2,927 | $413 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1963, the property has undergone a comprehensive recent renovation. The front unit is fully remodeled with a brand-new kitchen and bathroom, and all other units feature updated interiors with laminate flooring, stainless steel appliances, and modern split wall AC/heating systems, placing it in the category of a recent renovation in mint condition.
The property features a fully remodeled front unit and modern updates across all interiors, including stainless steel appliances, dishwashers, and split AC systems, significantly reducing immediate capital expenditure for an investor.
Located near the Shops at Montebello and Citadel Outlets with immediate access to the 605, 10, 60, and 210 freeways, the property is perfectly positioned to attract tenants working in Downtown LA and surrounding employment hubs.
The asset offers a strong mix of mostly two-bedroom units equipped with premium features like recessed lighting and mirrored closets, while the front unit benefits from park-adjacent views and in-unit laundry hookups.
The property was recently sold within the past year on 2025-10-29. The sold price is $900,000.00.
With a list price of $1.395M compared to a previous sale price of $900K, the property reflects a substantial markup that may result in tighter initial cap rates and lower immediate cash-on-cash returns.
The ±5,698 SF lot is relatively compact for a multi-unit building of this size, which restricts common outdoor space for tenants and limits the potential for future ADU additions or expansion.
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. 1109 S Spruce Street sits on a ±5,698 SF lot with a total building area of ±3,550 SF. The property 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. 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 Freeways place the property within easy reach of employment centers, retail corridors, and entertainment destinations across the greater Los Angeles metropolitan area. The Montebello/Commerce Metrolink Station further extends connectivity with direct service to LA Union Station. Montebello's economy is anchored by healthcare, higher education, and public sector employment. Major employers serving the trade area include Cal State Los Angeles, USC, Beverly Hospital, and the City of Montebello, with additional demand driven by the region's robust retail and hospitality corridors and proximity to major employment centers throughout Los Angeles County.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 3.0 |
| Baths | 0.0 | 2.5 |
| Square foot | 3,550 | 2,059.6 |
| Lot Size | 5,698 | 6,708.2 |
| Price | $1.40M | $982.9K |
| Price per sq ft | $393 | $416 |
| Built year | 1963 | 1941 |
| HOA | $0 | $0 |
| Days on market | 20 | 207 |
Aug 20, 2026
$1,395,000
Initial Listing
Oct 29, 2025
$900,000
Public Record