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Listed by Joe Napoli • RE/MAX INNOVATIONS
$870,000
Est. payment /mo
7,111 Sqft Lot
New
1516 W Beverly TER Montebello, CA 90640
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Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRCV25199910
Style Traditional
Year Built 1948
Lot Size 7,111 Sqft
Property Sub-Type Triplex
Source California Regional MLS
Property Description
They say it's what's on the inside that counts-and 1516 W. Beverly Terrace in Montebello proves it! Step onto the property and you'll 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, it's a chance to put your personal touch on a well-maintained property in a prime location. For an investor, it's 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. Don't forget the garages-currently used for storage by the landlord, but easily converted into additional income streams. And here's the kicker: aside from California's state rent control requirements, there are no additional City of Montebello rent control restrictions-a huge advantage for investors. This is a trust sale, so expenses are estimated, but the value is undeniable. Whether you're 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
Area 674 - Montebello
Rooms
Kitchen Exhaust Fan
Interior
Laundry Gas Hookup, 30, Other
Exterior
Parking Features Garage, Other
Garage Spaces 3.0
Pool 31, None
View Hills, Local/Neighborhood
Roof Type Other,Composition
Building
Lot Description Grade - Sloped Up
Story One Story
Foundation Raised
Water Hot Water, District - Public
Architectural Style Traditional
Others
Tax ID 6344026009
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