1516 West Beverly Terrace new Save Request In-Person Tour Request Virtual Tour
Montebello,CA 90640
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,840 sqft
Price per Sqft $472
MLS Listing ID CV-25199910
Style Traditional
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
Area 674 - Montebello
Zoning MNR3YY
Interior
Interior Features Copper Plumbing Full,Laminate Counters,Unfurnished
Fireplaces Type None
Laundry Gas Dryer Hookup,Inside,Washer Hookup
Exterior
Exterior Feature Satellite Dish
Parking Features Driveway Up Slope From Street,Garage,Garage - Single Door,Garage Faces Side,See Remarks,Concrete,Driveway
Garage Spaces 2.0
Pool None
Community Features Curbs,Gutters,Sidewalks,Storm Drains,Street Lights,Suburban
View Y/N Yes
View Hills
Building
Lot Description Front Yard,Near Public Transit,Park Nearby,Rectangular Lot,Up Slope from Street,Utilities - Overhead
Sewer Public Sewer