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$2,900,000
9 Days On Site

500 S 6th Street
Montebello, CA 90640

For Sale|Residential Income|Active
22
Beds
22
Total Baths
10,556
SqFt
$275
/SqFt
1962
Built
County:
Los Angeles
Listed by Shant Sherbetdjian of Remax Commercial and Investment Realty [email protected]

Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.

Call Now: 949-774-8692
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949-774-8692
500 S 6th Street500 S 6th Street500 S 6th Street500 S 6th Street
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Monthly Payment (Est.)

$13,231
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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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Listing Snapshot
Price 
$2,900,000
Days On Site 
9 Days
Bedrooms 
22
Inside Area (SqFt) 
10,556 sqft
Total Baths 
22
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.3769 Acres
Year Built 
1962
MLS® Number 
26698721
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 days agoListing updated with changes from the MLS®
a week agoListing first seen on site
General Features
Acres 
0.3769
Carport 
7
Levels 
Two
Number Of Stories 
2
Parking 
Carport
Parking Spaces 
11
Special Circumstances 
Standard
SqFt Total 
10556
Zoning 
MNR3YY
Interior Features
Laundry Features 
See Remarks
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Community Features
MLS Area 
674 - Montebello


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
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