Active 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 : ResidentialIncome

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 beds: 16

    Bathroom Information

    Total Baths: 8

  • Building Information

    Year Built: 1947
    Building Area Total: 7559
    Stories: 2
    Private Pool: No

  • Lot Information

    Main Square Feet: 14448 Lot Size Acres: 0.3317 Lot Size Square Feet: 14,448

  • Listing Price Information

    Listing Price: $2150000

  • Tax Information

    Parcel Number: 6346006004

  • Location Information

    Direction: 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.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
752 Rio Del Sol Avenue, Montebello, CA, 90640 $1,450,000 7 4 2,525 2,525 SqFt
752 -754 Rio Del Sol Av.., Montebello, CA, 90640 $1,450,000 7 4 --
1618 Hollyleaf Terrace, Montebello, CA, 90640 $899,988 4 3 1,920 1,920 SqFt
1958 Hollyleaf Terrace, Montebello, CA, 90640 $988,000 3 2 1,726 1,726 SqFt
1115 Poppy Court, Montebello, CA, 90640 $2,100,000 5 5 3,259 3,259 SqFt
1135 Poppy Court, Montebello, CA, 90640 $1,998,000 5 6 2,975 2,975 SqFt
872 W Ashiya, Montebello, CA, 90640 $1,075,000 3 2 1,523 1,523 SqFt
211 Peacock Lane, Montebello, CA, 90640 $1,388,000 4 3 3,244 3,244 SqFt
700 N 7th Street, Montebello, CA, 90640 $1,119,500 4 3 2,442 2,442 SqFt
828 Adelita Street, Montebello, CA, 90640 $1,380,000 5 3 2,895 2,895 SqFt

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 08/18/2026 @ 08:17

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

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