500 S 6th Street, Montebello, CA 90640
Local realty services provided by:Better Homes and Gardens Real Estate Property Shoppe
500 S 6th Street,Montebello, CA 90640
$2,900,000
- 22 Beds
- 22 Baths
- 10,556 sq. ft.
- Multi-family
- Active
Listed by: shant sherbetdjian
Office: remax commercial and investment realty213-817-1000
MLS#:26698721
Source:CRMLS
Price summary
- Price:$2,900,000
- Price per sq. ft.:$274.73
About this home
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....
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Home facts
- Year built:1962
- Listing ID #:26698721
- Added:56 day(s) ago
- Updated:June 09, 2026 at 10:34 AM
Rooms and interior
- Bedrooms:22
- Total bathrooms:22
- Living area:10,556 sq. ft.
Structure and exterior
- Year built:1962
- Building area:10,556 sq. ft.
- Lot area:0.38 Acres
- Levels:2 Story
Finances and disclosures
- Price:$2,900,000
- Price per sq. ft.:$274.73
Parking
- Total parking spaces:11
- Parking description:7 Carport Space(s), Carport, Uncovered
- Carport spaces:7
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