Montebello, CA 90640,1516 W Beverly Terrace
Montebello, CA 90640,1516 W Beverly Terrace
Montebello, CA 90640,1516 W Beverly Terrace
Montebello, CA 90640,1516 W Beverly Terrace
Montebello, CA 90640,1516 W Beverly Terrace
Montebello, CA 90640,1516 W Beverly Terrace
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$850,000

$870,000

2.3%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

3 Beds

7,111 Sqft Lot


SOLD DATE : 10/10/2025

Key Details

Sold Price $850,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CV25199910

Sold Date 10/10/25

Bedrooms 3

Lot Size 7,111 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

They say its whats on the inside that countsand 1516 W. Beverly Terrace in Montebello proves it! Step onto the property and youll 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, its a chance to put your personal touch on a well-maintained property in a prime location. For an investor, its 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. Dont forget the garagescurrently used for storage by the landlord, but easily converted into additional income streams. And heres the kicker: aside from Californias state rent control requirements, there are no additional City of Montebello rent control restrictionsa huge advantage for investors. This is a trust sale, so expenses are estimated, but the value is undeniable. Whether youre 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

Zoning Public Rec

Direction Between 16th and Maple just south of Beverly Boulevard

Interior

Fireplace No

Exterior

View Y/N No

Roof Type Composition

Building

Story 1

Level or Stories 1

Others

Tax ID 6344026009

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MLS Router / San Diego MLS
Listed by Joe Napoli RE/MAX INNOVATIONS
Bought with Joe Napoli RE/MAX INNOVATIONS
Robyn Flint

+1(858) 414-1153

robyn@robynflint.com

Scripps Ranch, 92131, United States

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