1215 S Spruce St
Montebello, CA 90640
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1215 S Spruce St
Montebello, CA 90640

  • 8,515 sqft
  • 0.39 acres lot size
  • Multi-Family
Off Market · Public Record
Contact For Estimate
1215 S Spruce St
  • See the local terrain and how close this home is to parks and main streets.

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  • 1 Elementary School

    1 Middle School

    1 High School

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  • Lowest crime relative to the rest of Los Angeles county.

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  • 93% of residents commute by car.

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  • 39 Restaurants

    4 Grocery stores

    2 Nightlife

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  • Get a feel for the community.

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Off Market · Public Record

Home Details

Overview
  • Multi-Family
  • Built in 1960
  • 0.39 acres lot size
  • 8,515 sqft
Description

This property is no longer available to rent or buy. This description is from April 05, 2012
PLEASE DO NOT WALK ON THE PROPERTY OR DISTURB TENANTS, DRIVE BY ONLY!1215 S. Spruce Street is located in the city of Montebello, just south of Date Street and west of Greenwood Avenue. The property consists of 13 units and is comprised of one two-bedroom/one-bathroom single family residence and 12 multi-family units on a 16,792 square foot lot. The property offers an investor or owner/user the opportunity to own a stable property with realistic rental upside potential and a 7.3% cash on cash return once rents are bumped to market.Montebello is located in the southwestern part of the San Gabriel Valley in Los Angeles County. The city is strong in the manufacturing sector and recognized for its job opportunities. With convenient access to the 5, 60, 605, and 710 Freeways, Montebello is easily accessible to all of the Los Angeles metropolitan area.

Price History
Date
Price
Event

11/01/2015
$2,075,000
Posting removed

10/23/2014
$2,075,000
Listed for sale

Property Taxes and Assessment
Year
2017
Tax
$22,967.65
Assessments
$1,489,188
Land
$406,929
Improvements
$1,082,259
Total
$1,489,188
Market Value
N/A

Affordability
Additional Costs

Price Trends
Real Estate Trends
Average Listing Price for 90640
$564,282
Median Sale Price for 90640
$523,000
Average Sale price/sqft for 90640
$348/sqft
Comparables and Estimates
Sold Homes
Address Distance Property Type Sold Price Sold Date Bed Bath Sqft
6.27
Multi-Family
$705,000
11/22/17
4
4
2,146
5.28
Multi-Family
$690,000
11/20/17
4
4
2,506
7.62
Multi-Family
$233,000
12/01/17
3
2
1,062
6.34
Multi-Family
$740,000
11/15/17
4
2
2,962
7.74
Multi-Family
$1,450,000
11/22/17
-
8
6,020
4.65
Multi-Family
$670,000
11/17/17
2
3
2,744
2.28
Multi-Family
$650,000
11/22/17
6
4
2,459
2.74
Multi-Family
$617,500
11/17/17
4
2
2,063
4.84
Multi-Family
$575,000
11/22/17
5
3
2,428
2.29
Multi-Family
$595,000
11/30/17
4
2
1,732

Contact Info


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