1516 W 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
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