Bought with Joe Napoli • RE/MAX INNOVATIONS
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1516 W Beverly Terrace Montebello, CA 90640
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Key Details
Sold Price $850,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,840 sqft
Price per Sqft $461
MLS Listing ID CRCV25199910
Year Built 1948
Lot Size 7,111 Sqft
Property Sub-Type Triplex
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
Interior
Laundry Gas Dryer Hookup, Other, Inside
Exterior
View Hills, Other
Building
Lot Description Sloped Up, Other, Front Yard
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