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$ 2,900,000
Est. payment /mo
New
500 S 6th ST Montebello, CA 90640
22 Beds
22 Baths
10,556 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 10,556 sqft
Price per Sqft $274
MLS Listing ID 26698721
Bedrooms 22
HOA Y/N No
Year Built 1962
Lot Size 0.377 Acres
Property Description
We are pleased to present for sale Property 1 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 674 - Montebello
Zoning MNR3YY
Interior
Fireplace No
Laundry See Remarks
Exterior
Parking Features Carport, Uncovered
Carport Spaces 7
Total Parking Spaces 11
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 6349022045
Special Listing Condition Standard
Listed by Shant Sherbetdjian Remax Commercial and Investment Realty #01713570