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500 S 6th Street

Montebello, CA 90640
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Bed 22

Bed

Bath 0

Bath

SqFt10,556

Sqft

SqFt16,418

Sqft(Lot)

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 appr oximately 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.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $2,638,000

AD Id : 77024615

MLS Id : 26698721

Beds : 22

Lot Size : 16,418 Sqft

Living Area Size : 10,556

Year Built : 1962

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total beds: 22

    Bathroom Information

    Total Baths: 22

  • Building Information

    Year Built: 1962
    Building Area Total: 10556
    Stories: 2
    Private Pool: No

  • Lot Information

    Main Square Feet: 16418 Lot Size Acres: 0.3769 Lot Size Square Feet: 16,418

  • Listing Price Information

    Listing Price: $2638000
    Original Price: $2900000

  • Tax Information

    Parcel Number: 6349022045

  • Location Information

    Direction: Situated on South 6th Street between West Walnut Avenue and West Mines Avenue. The nearest major intersection is South Montebello Boulevard and Washington Boulevard.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
752 -754 Rio Del Sol Av.., Montebello, CA, 90640 $1,450,000 7 4 --
752 Rio Del Sol Avenue, Montebello, CA, 90640 $1,450,000 7 4 2,525 2,525 SqFt
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
328 N 2nd Street, Montebello, CA, 90640 $2,150,000 16 -- 7,559 7,559 SqFt
700 N 7th Street, Montebello, CA, 90640 $1,119,500 4 3 2,442 2,442 SqFt

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ByOwner last updated this listing 08/18/2026 @ 10:42

MLS: 26698721 LISTED BY: Shant Sherbetdjian, Remax Commercial and Investment Realty 213-817-1000 SOURCE: CRMLS

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