328 N 2nd St, Montebello, CA 90640
328 N 2nd St, Montebello, CA 90640
328 N 2nd St, Montebello, CA 90640
328 N 2nd St, Montebello, CA 90640
328 N 2nd St, Montebello, CA 90640
328 N 2nd St, Montebello, CA 90640
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Armand Martin

Armand Martin

+1(661) 221-5011
$ 2,150,000
Est. payment | /mo

16 Beds

8 Baths

7,559 SqFt

Save
$ 2,150,000
Est. payment | /mo
Save

16 Beds

8 Baths

7,559 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 7,559 sqft

Price per Sqft $284

MLS Listing ID 26748163

Bedrooms 16

Year Built 1947

Lot Size 0.332 Acres

Acres 0.3317

Property Sub-Type Multi-Family

Property Description

We are pleased to present for the first time on the market in over 50 years, this exceptional multi-family property represents a rare generational asset opportunity in the highly desirable North Montebello submarket. Widely considered a trophy investment, the property features spacious 2-bedroom, 1-bathroom units averaging nearly 900 square feet each, offering an ideal layout that appeals to a broad tenant base. Each unit is equipped with garage parking, laundry hookups, and private rear entrances, enhancing both functionality and tenant privacy. The property has also seen key infrastructure improvements, including an updated main electrical panel, and offers strong potential for the addition of multiple ADUs (buyer to verify), creating a compelling path for future income growth. From an investment perspective, the asset presents significant value-add potential, with projected rental upside of approximately 75%, allowing investors to strategically renovate and reposition the property to capture higher market rents. Its walkable location provides convenient access to retail and dining along Beverly Blvd, further boosting tenant demand and long-term desirability. Additionally, the property benefits from minimal rent control constraints, as it is subject only to California's AB 1482 ordinance and not governed by any local rent control, offering greater operational flexibility. Altogether, this is a rare opportunity to acquire a well-located, underutilized asset with substantial upside in one of Montebello's most sought-after neighborhoods.

Location

State CA

County Los Angeles

Area Montebello

Zoning MNR3YY

Rooms

Other Rooms None

Interior

Heating Other

Cooling Wall Unit(s)

Equipment Other

Laundry In Unit

Exterior

Parking Features Garage

Garage Spaces 8.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Remax Commercial and Investment Realty

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Armand Martin

+1(661) 221-5011

armand.martin@exprealty.com

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328 N 2nd St