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$ 870,000
Est. payment | /mo
3 Beds
3 Baths
$ 870,000
Est. payment | /mo
3 Beds
3 Baths
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID CV25199910
Bedrooms 3
Property Sub-Type Res Income 2-4 Units
Property Description
They say its whats on the inside that countsand 1516 W. Beverly Terrace in Montebello proves it! Step onto the property and youll immediately notice the signs of care: dual-pane windows, copper plumbing, sewer cleanouts, and a solid roof that gives peace of mind. Sure, it could use a little cosmetic polish, but beneath the surface lies a triplex full of potential. For an owner-user, its a chance to put your personal touch on a well-maintained property in a prime location. For an investor, its a golden opportunity: two units are already occupied by long-term tenants, while the third is ready for a new tenant of your choice. Public records show three one-bedroom, one-bath units, but one has been expanded into a two-bedroom, opening the door to even greater rental income. Dont forget the garagescurrently used for storage by the landlord, but easily converted into additional income streams. And heres the kicker: aside from Californias state rent control requirements, there are no additional City of Montebello rent control restrictionsa huge advantage for investors. This is a trust sale, so expenses are estimated, but the value is undeniable. Whether youre looking for a home with income potential or an addition to your portfolio, 1516 W. Beverly Terrace is a must-see.
Location
State CA
County Los Angeles
Zoning Public Rec
Direction Between 16th and Maple just south of Beverly Boulevard
Interior
Fireplace No
Exterior
View Y/N No
Roof Type Composition
Building
Story 1
Level or Stories 1
Others
Tax ID 6344026009
Listed by Joe Napoli RE/MAX INNOVATIONS
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Johnny Fitzmaurice