1504 W Beverly Blvd Montebello, CA 90640
Estimated payment $6,961/month
Highlights
- Attached Carport
- South Facing Home
- 5-minute walk to Acuna Park
About This Home
**Price Reduced $140,000 | 13.06 GRM** Proudly offered for the first time in over 40 years, this plenty of value add opportunity for this 5-Unit property is located in the highly desirable North Montebello neighborhood, just north of Beverly Blvd. The property features an ideal unit mix of two spacious 2-bedroom, 1-bathroom units and three well-sized upper-level 1-bedroom, 1-bathroom units. The building has been family-owned and operated since 1982. All tenants benefit from on-site covered parking and enjoy living in a walkable area surrounded by shops, restaurants, and neighborhood amenities reflected in a strong Walk Score of 85. The property is subject only to California's statewide rent control under AB1482 (currently 8%) with no additional local rent control restrictions. This is a rare opportunity to acquire an asset in one of Montebello's most sought-after pockets.
Listing Agent
Remax Commercial and Investment Realty License #01713570 Listed on: 07/24/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1955
Lot Details
- 6,366 Sq Ft Lot
- South Facing Home
Interior Spaces
- 3,583 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 7 Bedrooms
- 5 Bathrooms
Parking
- 5 Parking Spaces
- Attached Carport
Utilities
- Heating System Mounted To A Wall or Window
- Gas Water Heater
Listing and Financial Details
- The owner pays for gardener, water
- Assessor Parcel Number 5294-014-036
Community Details
Overview
- 5 Units
Building Details
- Rent Control
- Vacancy Allowance $2,527
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/11/2025 09/11/25 | Pending | -- | -- | -- |
| 09/03/2025 09/03/25 | Price Changed | $1,100,000 | -11.3% | $307 / Sq Ft |
| 07/24/2025 07/24/25 | For Sale | $1,240,000 | -- | $346 / Sq Ft |
Source: The MLS
MLS Number: 25569469
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