500 S 6th Street, Montebello, CA 90640

Montebello
Local realty services provided by:Better Homes and Gardens Real Estate Wine Country Group
500 S 6th Street,Montebello, CA 90640
$2,638,000
  • 22 Beds
  • 22 Baths
  • 10,556 sq. ft.
  • Multi-family
  • Pending
Listed by: shant sherbetdjian
Office: remax commercial and investment realty213-817-1000
MLS#:26698721
Source:CRMLS

Price summary

  • Price:$2,638,000
  • Price per sq. ft.:$249.91

About this home

PRICE REDUCED $262,000 ! 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. Currently bringing in 5.93% Cap Rate and 11.10 GRM on Current Rents. 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...

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Home facts

  • Year built:1962
  • Listing ID #:26698721
  • Added:163 day(s) ago
  • Updated:September 24, 2026 at 09:00 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:$2,638,000
  • Price per sq. ft.:$249.91

Parking

  • Total parking spaces:11
  • Parking description:7 Carport Space(s), Carport, Uncovered
  • Carport spaces:7
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