NOT LISTED FOR SALE

1215 S Spruce St Montebello, CA 90640

18 Beds
13 Baths
9,446 Sq Ft
0.39 Acres

Last Sold May 11, 2012

Last sale price $1,376,000 $146 Per Sq Ft

223 Days on Market

About This Home

As of May 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.

Last Agent to Sell the Property

Priscilla Nee

CB Richard Ellis, Inc. License #01435254 Listed on: 07/25/2011

Last Buyer's Agent

SABRINA HO

License #00948032

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 0.39 Acre Lot

Interior Spaces

  • 9,446 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • Disposal

Parking

  • 16 Car Garage
  • Uncovered Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 13 Units

Listing and Financial Details

  • Assessor Parcel Number 6354-004-008

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 9446
  • Stories: 2
  • Year Built: 1960
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Equipment: Garbage Disposal, Hood Fan, Range/Oven, Refrigerator
  • Price Per S Q F T: 151.39

Exterior Features

  • Pool: No

Garage/Parking

  • Parking Garage: Garage, Uncovered
  • Total Parking: 16

Utilities

  • Cooling: Wall/Window
  • Electric Expense: 720.00
  • Heating: Wall
  • Water Expense: 2625.00

Fee Information

  • Gas Expense: 1200.00
  • Insurance Expense: 3832.00
  • Maintenance Expense: 9750.00
  • Management Expense: 3600.00
  • Other Expense: 2600.00
  • Trash Expense: 1800.00

Lot Info

  • Assessor Parcel Number: 6354-004-008
  • Lot Size Area: 16792

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114, 2115, 2116, 2117, 2118
  • Gross Rent Multiplier: 10.29
  • Number Of Units: 13
  • Total Annual Expense: 44884
  • Type Of Units: Multifamily
  • Vacancy Rate: 5%

Tax Info

  • Tax Expense: 17257.00

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/11/2012 05/11/12 Sold $1,376,000 -10.3% $146 / Sq Ft
03/04/2012 03/04/12 Pending -- -- --
07/25/2011 07/25/11 For Sale $1,534,000 -- $162 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Priscilla Nee

    Seller's Agent in 2012

    Priscilla Nee

    CB Richard Ellis, Inc.

    (310) 550-2500

    34 Total Sales

    Priscilla Nee
    Section Image

  • S

    Buyer's Agent in 2012

    SABRINA HO

See All Agents

Map

Source: The MLS

MLS Number: 11-543329

The MLS
California Los Angeles County Montebello 90640

1215 S Spruce St, Montebello, CA

This home is located at 1215 S Spruce St, Montebello, CA 90640 since 25 July 2011. This property was built in 1960. 1215 S Spruce St is a home located in Los Angeles County with nearby schools including Greenwood Elementary School, La Merced Intermediate School, and Montebello High School.

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