1109 S Spruce St Immeuble residentiel 5 lots 1 201 179 € (240 236 €/Lot) Taux de capitalisation 6,29 % Montebello, CA 90640

This asset is ideally situated within a short distance of the Shops at Montebello and Citadel Outlets, and just 12 miles from Downtown Los Angeles, placing tenants at the center of a thriving live-work-play environment with direct access to the region's top employers. The property is currently generating a 6.29% cap rate, with a pro forma cap rate of 7.09%.
Property Highlights:
1109 S Spruce Street sits on a ±5,698 SF lot with a total building area of ±3,550 SF. The property is attractively priced at $348,750 per unit and $393 per SF. It offers a unit mix of one 1-bedroom/1-bathroom unit and four 2-bedroom/1-bathroom units averaging 710 SF. The front unit has been fully remodeled, featuring a brand-new kitchen with updated cabinetry, new flooring, a beautifully remodeled bathroom, washer/dryer hookups, and an abundance of natural light from an impressive window count — positioned directly adjacent to a park with peaceful, open views. Throughout the property, all units feature updated interiors with laminate plank wood flooring, fully equipped kitchens and bathrooms, oven ranges with hoods, stainless steel appliances including dishwashers and refrigerators, split wall AC and heating units, mirrored bedroom closets, recessed lighting, and cabinet storage. The property includes covered and street parking, and a well-manicured front yard with mature landscaping on a tree-lined residential street.
Strategic Location & Connectivity:
Montebello is a thriving cultural and urban hub at the crossroads of Los Angeles County, San Bernardino County, Riverside County, the San Gabriel Valley, and the San Fernando Valley — offering residents unmatched regional connectivity. The 605, 10, 60, and 210 Freeways place the property within easy reach of employment centers, retail corridors, and entertainment destinations across the greater Los Angeles metropolitan area, making it a commuter-friendly choice for a broad and diverse renter base. The Montebello/Commerce Metrolink Station further extends connectivity with direct service to LA Union Station.
Thriving Economy & Top Employers:
Montebello's economy is anchored by healthcare, higher education, and public sector employment, generating consistent housing demand and a stable, creditworthy tenant pool. Major employers serving the trade area include Cal State Los Angeles, USC, Beverly Hospital, and the City of Montebello, with additional demand driven by the region's robust retail and hospitality corridors and proximity to major employment centers throughout Los Angeles County.
Stabilized Investment Opportunity:
1109 S Spruce Street is a stable, income-producing asset in one of Los Angeles County's most well-connected and sought-after residential corridors. Whether you are a first-time investor seeking to enter the market, a seasoned investor looking to expand your portfolio, or considering a 1031 Exchange, this property offers exceptional stability and long-term value.