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$870,000

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7,108 Sqft Lot

Active Under Contract

1516 W Beverly Terrace Montebello, CA 90640

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Patrick Fossati

patrick@fossatigrp.com +1(805) 910-0463

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Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID CV25199910

Construction Status Repairs Cosmetic

HOA Y/N No

Year Built 1948

Lot Size 7,108 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

Area 674 - Montebello

Zoning MNR3YY

Interior

Interior Features Laminate Counters, Unfurnished

Fireplaces Type None

Equipment Satellite Dish

Fireplace No

Appliance Vented Exhaust Fan, Water Heater

Laundry Washer Hookup, Gas Dryer Hookup, Inside

Exterior

Parking Features Concrete, Door-Single, Driveway, Driveway Up Slope From Street, Garage, Garage Faces Side, See Remarks

Garage Spaces 2.0

Garage Description 2.0

Fence Block, Good Condition

Pool None

Community Features Curbs, Gutter(s), Storm Drain(s), Street Lights, Suburban, Sidewalks, Park

Utilities Available Overhead Utilities

View Y/N Yes

View Hills, Neighborhood

Roof Type Composition,Common Roof

Total Parking Spaces 3

Private Pool No

Building

Lot Description Front Yard, Near Park, Near Public Transit, Rectangular Lot, Sloped Up

Faces South

Story 1

Entry Level One

Foundation Raised

Sewer Public Sewer

Water Public

Architectural Style Traditional

Level or Stories One

New Construction No

Construction Status Repairs Cosmetic

Others

Senior Community No

Tax ID 6344026009

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Trust

Listed by Joe Napoli RE/MAX INNOVATIONS 626-825-4863

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Patrick Fossati

Broker Associate | License ID: 01907255

+1(805) 910-0463

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1516 W Beverly Terrace Montebello, CA 90640

Patrick Fossati

Key Details

Location

Interior

Exterior

Building

Others

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1516 W Beverly Terrace