1109 South Spruce Street
Montebello, CA 90640
For Sale
3,550 sqft
Sale Price
$1,395,000
Brochure
Property Website
Map
Multifamily For Sale - Available August 2026
4+1 Units in Montebello | Fully Renovated | 6.29% Cap Rate
A well-maintained 4+1 unit property generating a current cap rate of 6.29% in the vibrant city of Montebello, CA.
A pro forma cap rate of 7.09% offers investors immediate upside through continued lease-up and market-rate rent growth.
Attractively priced at $348,750 per unit and $393 per square foot.
All units have been extensively remodeled with a brand-new kitchen, updated cabinetry, new flooring, and a beautifully remodeled bathroom.
Situated on a lot ±5,698 SF with ±3,550 SF of total building area.
The property offers a unit mix of one 1-bedroom/1-bathroom unit and four 2-bedroom/1-bathroom units averaging 710 SF, with select units featuring stainless steel appliances, split wall AC and heating units, mirrored closets, and recessed lighting.
Common area features include covered and street parking, a well-manicured front yard, and mature landscaping on a tree-lined residential street.
Direct access to the 605, 10, 60, and 210 Freeways places residents minutes from employment centers, retail corridors, and entertainment destinations across greater Los Angeles.
The property is surrounded by major employers including Cal State Los Angeles, USC, Beverly Hospital, and the City of Montebello.
The Montebello/Commerce Metrolink Station is minutes away, offering tenants direct rail connectivity to LA Union Station.
Get in touch
Eric Chen
Lic: 01489184
Mikel Dominguez
Lic: 02189109
CBRE is pleased to exclusively present a premier multifamily investment opportunity to acquire 1109 S Spruce Street — a 4+1 unit property offering a well-positioned income stream in the vibrant city of Montebello, CA.
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. The property is currently generating a 6.29% cap rate, with a pro forma cap rate of 7.09%.
Property Highlights
1109 S Spruce Street sits on a ±5,698 SF lot with a total building area of ±3,550 SF. The property is attractively priced at $348,750 per unit and $393 per SF. It 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.
Strategic Location & Connectivity
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, making it a commuter-friendly choice for a broad and diverse renter base. The Montebello/Commerce Metrolink Station further extends connectivity with direct service to LA Union Station.
Thriving Economy & Top Employers
Montebello's economy is anchored by healthcare, higher education, and public sector employment, generating consistent housing demand and a stable, creditworthy tenant pool. 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.
Stabilized Investment Opportunity
1109 S Spruce Street is a stable, income-producing asset in one of Los Angeles County's most well-connected and sought-after residential corridors. Whether you are a first-time investor seeking to enter the market, a seasoned investor looking to expand your portfolio, or considering a 1031 Exchange, this property offers exceptional stability and long-term value.
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. The property is currently generating a 6.29% cap rate, with a pro forma cap rate of 7.09%.
Property Highlights
1109 S Spruce Street sits on a ±5,698 SF lot with a total building area of ±3,550 SF. The property is attractively priced at $348,750 per unit and $393 per SF. It 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.
Strategic Location & Connectivity
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, making it a commuter-friendly choice for a broad and diverse renter base. The Montebello/Commerce Metrolink Station further extends connectivity with direct service to LA Union Station.
Thriving Economy & Top Employers
Montebello's economy is anchored by healthcare, higher education, and public sector employment, generating consistent housing demand and a stable, creditworthy tenant pool. 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.
Stabilized Investment Opportunity
1109 S Spruce Street is a stable, income-producing asset in one of Los Angeles County's most well-connected and sought-after residential corridors. Whether you are a first-time investor seeking to enter the market, a seasoned investor looking to expand your portfolio, or considering a 1031 Exchange, this property offers exceptional stability and long-term value.
Los Angeles County, California is the most populous county in the United States, home to more than 10 million residents across 4,083 square miles. A global hub for entertainment, trade, technology, and culture, LA County encompasses 88 incorporated cities and unincorporated communities spanning the Pacific coast to the San Gabriel Mountains. Montebello is a city in LA County situated just 8 miles east of downtown Los Angeles at the crossroads of the Gateway Cities and the San Gabriel Valley. Incorporated in 1920 and named for the Italian word for "Beautiful Mountain," Montebello spans 8.33 square miles and is home to approximately 62,000 residents. Recognized as the 2025 Most Business-Friendly City in Los Angeles County, the city is ringed by the SR-60, I-5, and I-710 freeways, placing residents and businesses within easy reach of the region's most active employment and commerce corridors. The city's deep cultural heritage, walkable neighborhoods, and proximity to world-class destinations make it one of the San Gabriel Valley's most sought-after residential communities.
Montebello is also more accessible than many Los Angeles County communities, offering a lower cost of living relative to neighboring cities like Pasadena and West Los Angeles. The Montebello Chamber of Commerce identifies real estate investment, manufacturing, and retail as primary drivers of local economic activity. Montebello's transportation infrastructure, industrial base, employment diversity, and strategic freeway access create an attractive environment for businesses and investors alike. The city has historically been a center for trucking, specialty vehicle manufacturing, and distribution, with logistics and warehousing continuing to attract private investment. Employment gains across healthcare, retail trade, education, and professional services have further diversified the local economy and strengthened its residential demand base.
The San Gabriel Valley, anchored by communities like Montebello, Monterey Park, and Alhambra, has a broad network of commercial corridors, healthcare institutions, and educational assets that drive investment and job growth across the eastern Los Angeles region. The City of Montebello is committed to economic growth through streamlined development processes, strategic infrastructure investment, and active recruitment of innovative industries. Recognized for its business-friendly posture and strong public-private partnerships, Montebello is positioned as a city of choice within the Los Angeles metro: a place where entrepreneurs and employers choose to locate, expand, and invest. The City offers a rich multicultural heritage, affordable housing stock relative to the broader LA market, and a business-friendly regulatory environment unique in Los Angeles County.
Anchored by the Shops at Montebello — a regional mall with over 160 national and local retailers — and the nearby Citadel Outlets, Montebello delivers a full complement of shopping, dining, and entertainment options all within minutes of Grant Rea Park, the Montebello Barnyard Zoo, and the Whittier Narrows Recreation Area. A diverse restaurant and café scene reflects the city's rich cultural tapestry, while AMC Theatres, outdoor amphitheater programming, and the Montebello Golf Course round out a leisure offering with something for every resident.
Montebello is also more accessible than many Los Angeles County communities, offering a lower cost of living relative to neighboring cities like Pasadena and West Los Angeles. The Montebello Chamber of Commerce identifies real estate investment, manufacturing, and retail as primary drivers of local economic activity. Montebello's transportation infrastructure, industrial base, employment diversity, and strategic freeway access create an attractive environment for businesses and investors alike. The city has historically been a center for trucking, specialty vehicle manufacturing, and distribution, with logistics and warehousing continuing to attract private investment. Employment gains across healthcare, retail trade, education, and professional services have further diversified the local economy and strengthened its residential demand base.
The San Gabriel Valley, anchored by communities like Montebello, Monterey Park, and Alhambra, has a broad network of commercial corridors, healthcare institutions, and educational assets that drive investment and job growth across the eastern Los Angeles region. The City of Montebello is committed to economic growth through streamlined development processes, strategic infrastructure investment, and active recruitment of innovative industries. Recognized for its business-friendly posture and strong public-private partnerships, Montebello is positioned as a city of choice within the Los Angeles metro: a place where entrepreneurs and employers choose to locate, expand, and invest. The City offers a rich multicultural heritage, affordable housing stock relative to the broader LA market, and a business-friendly regulatory environment unique in Los Angeles County.
Anchored by the Shops at Montebello — a regional mall with over 160 national and local retailers — and the nearby Citadel Outlets, Montebello delivers a full complement of shopping, dining, and entertainment options all within minutes of Grant Rea Park, the Montebello Barnyard Zoo, and the Whittier Narrows Recreation Area. A diverse restaurant and café scene reflects the city's rich cultural tapestry, while AMC Theatres, outdoor amphitheater programming, and the Montebello Golf Course round out a leisure offering with something for every resident.
Total Space Available
3,550 sqft
Sale Price
$1,395,000
Get in touch
Eric Chen
Lic: 01489184
Mikel Dominguez
Lic: 02189109