500 S 6th St, Montebello, CA 90640
500 S 6th St, Montebello, CA 90640
500 S 6th St, Montebello, CA 90640
500 S 6th St, Montebello, CA 90640
500 S 6th St, Montebello, CA 90640
500 S 6th St, Montebello, CA 90640
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$ 2,900,000
Est. payment | /mo

22 Beds

22 Baths

10,556 SqFt


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$ 2,900,000
Est. payment | /mo
Save

22 Beds

22 Baths

10,556 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 10,556 sqft

Price per Sqft $274

MLS Listing ID 26698721

Bedrooms 22

Year Built 1962

Lot Size 0.377 Acres

Acres 0.3769

Property Sub-Type Multi-Family

Property Description

We are pleased to present for sale Property 4 of 6 within a newly launched 47-unit multifamily portfolio. This well-positioned multifamily asset features 11 spacious two-story, townhome-style units, each offering 2 bedrooms and 1.5 bathrooms, an attractive layout that continues to appeal to long-term tenants. Situated on a prominent corner location, the property benefits from strong street presence and visibility, and it is being offered for the first time in 13 years, presenting a rare opportunity in a tightly held submarket. The all-electric building sits on a large 16,417 square foot lot, providing operational efficiency along with long-term upside potential. With solid in-place income and approximately 39% rental upside, investors have a clear value-add opportunity through strategic rent increases. Additional features include on-site parking, secured entry, private outdoor spaces in select units, and an on-site laundry facility generating supplemental income. The property also offers convenient access to the 60, 605, 710, and 5 freeways, enhancing its appeal to commuters. Subject only to AB 1482 and not local rent control, this asset provides a favorable regulatory environment, making it a strong opportunity to acquire a stable, income-producing property with meaningful upside. As part of a six-property, 47-unit portfolio, investors also have the flexibility to purchase individually or as part of a larger investment strategy. Properties do not have to be sold together. ** Check out the property video link.

Location

State CA

County Los Angeles

Area Montebello

Zoning MNR3YY

Rooms

Other Rooms None

Interior

Heating Other

Cooling Other

Equipment Other

Laundry Other

Exterior

Parking Features Carport, Uncovered

Garage Spaces 11.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
Listed by Remax Commercial and Investment Realty

Nearby Locations

GET MORE INFORMATION

Name

Name

Phone*

Phone

Message

Message
Armand Martin

+1(661) 221-5011

armand.martin@exprealty.com

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500 S 6th St