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Closed
- Listed price
- $1,100,000
- Listed Jul 24, 2025 · $307/sq ft
- Sold price
- $1,050,000
- Sold Sep 29, 2025
7 beds|5 ba|3,583 sqft|6,366 sqft lot|1955 Built|49 MLS days on market
1504 W Beverly Blvd, Montebello, CA 90640
Property Description
**Price Reduced $140,000 | 13.06 GRM** Proudly offered for the first time in over 40 years, this plenty of value add opportunity for this 5-Unit property is located in the highly desirable North Montebello neighborhood, just north of Beverly Blvd. The property features an ideal unit mix of two spacious 2-bedroom, 1-bathroom units and three well-sized upper-level 1-bedroom, 1-bathroom units. The building has been family-owned and operated since 1982. All tenants benefit from on-site covered parking and enjoy living in a walkable area surrounded by shops, restaurants, and neighborhood amenities reflected in a strong Walk Score of 85. The property is subject only to California's statewide rent control under AB1482 (currently 8%) with no additional local rent control restrictions. This is a rare opportunity to acquire an asset in one of Montebello's most sought-after pockets.
Listing agent: Shant SherbetdjianDRE #01713570ss@remaxcir.com, Listing office: Remax Commercial and Investment Realty
MLS data updated 10/24/2026, 4:12:20 PM PT
Source: CRMLSMLS #: 25569469
Belmont insights
Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$1,050,000
Sep 29, 2025
Available records32025
From MLS recordsActual listing and closing events
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$1,050,000Closed sale · Sep 29, 2025ZIP 90640 · Sep 2025
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.This home · 3 price recordsJul 24, 2025 – Sep 29, 2025
ZIP 90640 · same property typeThis MLS property type has no exact comparison group.
Freddie Mac · national weekly ratesLoading mortgage-rate history…
Recorded sales in this period (1)
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
View listing & sale records
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.