Est. cap rate

3.7%

Assumed rent, all units

$8,560/mo

Units

4

Price per unit

$348,750

Est. annual NOI

$51,360

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Quadruplex

Bedrooms

4

Building size

3,550 sqft

Lot size

5,698 sqft

Year built

1963

Stories

2

Garage spaces

0

Heating

Wall Furnace

Cooling

Wall/Window Unit(s)

Pool

None

Status

Active

Days on market

1

MLS #

246224782

About this property

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. 1109 S Spruce Street sits on a ±5,698 SF lot with a total building area of ±3,550 SF. The property 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. 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. The Montebello/Commerce Metrolink Station further extends connectivity with direct service to LA Union Station. Montebello's economy is anchored by healthcare, higher education, and public sector employment. 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.

Location

1109 S Spruce Street

Montebello, Los Angeles, CA, 90640