Montebello, CA 90640,1516 W Beverly Terrace
Listed by Joe Napoli • RE/MAX INNOVATIONS
Bought with Joe Napoli • RE/MAX INNOVATIONS

$850,000

Est. payment /mo

$870,000

2.3%
Est.Price: ?

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1516 W Beverly Terrace Montebello, CA 90640

1,840 SqFt

SOLD DATE : 10/10/2025

Key Details

Sold Price $850,000

Property Type Multi-Family

Sub Type Triplex

Listing Status Sold

Purchase Type For Sale

Square Footage 1,840 sqft

Price per Sqft $461

MLS Listing ID CRCV25199910

Sold Date 10/10/25

HOA Y/N No

Year Built 1948

Lot Size 7,111 Sqft

Property Sub-Type Triplex

Source Datashare California Regional

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

Interior

Fireplace No

Laundry Gas Dryer Hookup, Other, Inside

Exterior

View Hills, Other

Building

Lot Description Sloped Up, Other, Front Yard

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Bay East Association of Realtors
Patricia Beattie

Patricia Beattie

Broker | CA DRE#02153415

+1(800) 517-7326

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