500 S 6th Street, Montebello, CA 90640
500 S 6th Street, Montebello, CA 90640
500 S 6th Street, Montebello, CA 90640
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$2,638,000
Est. payment /mo
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10,556 SqFt
Pending

500 S 6th Street Montebello, CA 90640

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Grant Inaba

Grant Inaba

+1(415) 992-2330

UPDATED:

Key Details

Property Type COMM RI MULTI-UNITS 5

Sub Type Other

Listing Status Pending

Purchase Type For Sale

Square Footage 10,556 sqft

Price per Sqft $249

MLS Listing ID CL26698721

HOA Y/N No

Year Built 1962

Lot Size 0.377 Acres

Acres 0.3769

Property Sub-Type Other

Property Description

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 select units, and an on-site laundry facility readily available to add machines and generate 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

Zoning MNR3YY

Interior

Fireplace No

Laundry See Remarks

Building

New Construction No

Others

Tax ID 6349022045

Bridge MLS
© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Shant Sherbetdjian • Remax Commercial and Investment Realty

NEARBY SCHOOL & BUSINESS

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Grant Inaba

Grant Inaba

Agent License ID: 01905199

+1(415) 992-2330

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500 S 6th Street

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