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$3,488,888 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 23 Total Beds
  • Updated 1 day ago
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First time being offered for sale in 28 years (nearly three decades), this property presents an excellent opportunity to acquire a well-maintained multifamily investment with an attractive unit mix consisting primarily of spacious two-bedroom units, along with a three-bedroom unit, averaging nearly 800 square feet each. The property offers attractive cash flow with a 6.21% cap rate and a 10.22 GRM based on current rents which include additional income generated from the on-site laundry facilities. Recent improvements include a newly painted exterior, adding to the property's overall appeal. This is an excellent opportunity for a 1031 exchange up-leg or as an addition to an existing investment portfolio. Conveniently located within a short distance of the 5, 605, 60, and 710 freeways, the property provides easy access to major transportation routes. The property is not subject to any local rent control and is only subject to California's statewide AB 1482 rent regulations.

Full Property Details for 1244 S Spruce St

General

  • Price: $3,488,888
  • Status: Active
  • Type: Multi-Family
  • Source: CLAW
  • MLS ID: 26998007
  • Updated: 10/7/2026
  • Added to Site: 1 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 11

Bedrooms

  • Total Bedrooms: 23

Other Rooms

  • Laundry: Laundry Area

Additional Information

  • Pool Description: None
  • Spa Description: None
  • Other Features: None

Parking

  • Covered Spaces: 11
  • Garage Description: Covered Parking

Location

  • Area: Montebello
  • County: Los Angeles
  • Cross Streets: Date Street
  • Driving Directions: Property is located on South Spruce Street, parallel to Greenwood Avenue, situated between Oakwood Street and Date Street.
  • Direction Faces: West

Heating & Cooling

  • Cooling Type: Other
  • Heating Type: Other

Structural Information

  • # Buildings: 1
  • Stories/Levels: 2
  • Square Feet: 8,990
  • Sq. Ft. Source: Vendor Enhanced
  • Year Built: 1962
  • Year Built Source: Vendor Enhanced

Unit Information

  • Units in Complex: 11
  • Unit Type: 2106, 2107

Unit 1

  • Total Bathrooms: 1
  • Bedrooms: 3

Unit 2

  • Total Bathrooms: 1
  • Bedrooms: 2

Additional Structures

  • Other Structures: None

Lot Features

  • Lot Size (Acres): 0.3181
  • Lot Size: 13858
  • Lot Size Source: Vendor Enhanced
  • Lot Dimensions: 60 x 230
  • Zoning: MNR3YY

Financial Considerations

  • Price Per Sq. Ft.: $388.09
  • Assessment Year: 1962

Disclosures and Reports

  • Disclosures/Reports: As Is
  • APN: 6354-003-021

Listed by Remax Commercial and Investment Realty, Shant Sherbetdjian

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Listing agent

— 1244 S Spruce St —

  • Shant Sherbetdjian

    Remax Commercial and Investment Realty

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1244 S Spruce St

School District:Montebello Unified School District
NameGradesDistance
Greenwood Elementary School
900 South Greenwood Avenue, Montebello, CA 90640
K-50.6 mi
La Merced Intermediate School
215 East Avenida De La Merced, Montebello, CA 90640
6-82.8 mi
Montebello High School
2100 West Cleveland Avenue, Montebello, CA 90640
9-121.8 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1244 S Spruce St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/07/2026
Listed
$3,488,888
305.68%
MLS
1/15/2009
Sold
$860,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1244 S Spruce St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$27,501
—
$1,878,318
2%
2025
$27,501
2%
$1,841,489
4%
2023
$27,058
3%
$1,769,983
2%
2022
$26,186
3%
$1,735,279
2%
2021
$25,316
1%
$1,701,255
1%
2020
$25,125
3%
$1,683,812
2%
2019
$24,376
-1%
$1,650,797
2%
2018
$24,680
2%
$1,618,430
2%
2017
$24,095
2%
$1,586,697
2%
2016
$23,533
6%
$1,555,586
2%
2015
$22,256
1%
$1,532,220
2%
2014
$21,980
—
$1,502,207
—
2013
$22,028
—
$1,495,419
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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Listed by Remax Commercial and Investment Realty, Shant Sherbetdjian

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1244 S Spruce St, Montebello, CA 90640 (MLS# 26998007) is a Multi-Family property with units containing 23 bedrooms and 0 full bathrooms. 1244 S Spruce St is currently listed for $3,488,888 and was received on October 07, 2026. Want to learn more about 1244 S Spruce St? Do you have questions about finding other Multi-Family real estate for sale in Montebello? You can browse all Montebello real estate or contact a Coldwell Banker agent to request more information.

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