Under Contract

328 N 2nd Street

Montebello, CA 90640
Mark as Favorite
Bed 16

Bed

Bath 0

Bath

SqFt7,559

Sqft

SqFt14,448

Sqft(Lot)

We are pleased to present for the first time on the market in over 50 years, this exceptional multi-family property represents a rare generational asset opportunity in the highly desirable North Montebello submarket. Widely considered a trophy investment, the property features spacious 2-bedroom, 1-bathroom units averaging nearly 900 square feet each, offering an ideal layout that appeals to a broad tenant base. Each unit is equipped with garage parking, laundry hookups, and private rear entrances, enhancing both functionality and tenant privacy. The property has also seen key infrastructure improvements, including an updated main electrical panel, and offers strong potential for the addition of multiple ADUs (buyer to verify), creating a compelling path for future income growth. From an i nvestment perspective, the asset presents significant value-add potential, with projected rental upside of approximately 75%, allowing investors to strategically renovate and reposition the property to capture higher market rents. Its walkable location provides convenient access to retail and dining along Beverly Blvd, further boosting tenant demand and long-term desirability. Additionally, the property benefits from minimal rent control constraints, as it is subject only to California's AB 1482 ordinance and not governed by any local rent control, offering greater operational flexibility. Altogether, this is a rare opportunity to acquire a well-located, underutilized asset with substantial upside in one of Montebello's most sought-after neighborhoods.

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Detail Ic Property Details

Property Type : Residential Income

Price : $2,150,000

AD Id : 77638725

MLS Id : 26748163

Beds : 16

Lot Size : 14,448 Sqft

Living Area Size : 7,559

Year Built : 1947

Garage : 8

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total Bedrooms: 16

    Bathroom Information

    Total Baths: 8 Full Baths: 0 Half Baths: 0

  • Building Information

    Year Built: 1947 Building Area Total: 7,559

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.3317
  • Lot Size Source: Vendor Enhanced Lot Size Square Feet: 14448

  • Listing Price Information

    Original List Price: 2,150,000 Listing Contract Date: 2026-04-21
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 6346006004

  • Garage and Parking

    Garage Description: Garage

    Homeowners Association

  • Other Property Info

    Source Listing Status: Active Under Contract Source Neighborhood: 674 - Montebello Postal Code Plus 4: 4450 Directions: Situated on North 2nd Street in Montebello, between West Harding Ave and West Madison Ave. The nearest major intersection of East Beverly Blvd and North Poplar Ave. Zoning: MNR3YY Source Property Type: Residential Income Area: 674 - Montebello
  • Building and Construction

    Property Age: 79 Year Built Source: Vendor Enhanced Total Square Feet Living: 7559 Levels or Stories: Two Building Total Stories: 2
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Nearby Home Value

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752 -754 Rio Del Sol Av.., Montebello, CA, 90640 $1,480,000 -- -- 2,525 2,525 SqFt
904 N Azalea Drive, Montebello, CA, 90640 $849,900 3 2 1,434 1,434 SqFt
1958 Hollyleaf Terrace, Montebello, CA, 90640 $988,000 3 2 1,726 1,726 SqFt
888 Poppy Ct, Montebello, CA, 90640 $924,900 3 1 1,726 1,726 SqFt
1135 Poppy Court, Montebello, CA, 90640 $2,080,000 5 5 2,975 2,975 SqFt
704 Katherine, Montebello, CA, 90640 $1,348,000 4 3 2,637 2,637 SqFt
124 W Burke, Montebello, CA, 90640 $1,020,000 5 6 3,845 3,845 SqFt
265 Orchid Court, Montebello, CA, 90640 $3,580,000 7 6 4,335 4,335 SqFt

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ByOwner last updated this listing 06/14/2026 @ 02:40

MLS: 26748163 LISTED BY: Shant Sherbetdjian, Remax Commercial and Investment Realty 213-817-1000 SOURCE: CRMLS

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