500 S 6TH ST - Apartments FOR SALE


Montebello, CA 90640
$2,900,000 USD
626-657-8150
500 S 6TH ST, Montebello, CA for Sale
$2,900,000 USD
Apartments - FOR SALE
1/22
null | Request Cap Rate

500 S 6TH ST
Montebello, CA 90640


HIGHLIGHTS

  • 11 spacious two-story, townhome-style units, each offering 2 bedrooms and 1.5 bathrooms
  • 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
  • Additional features include on-site parking, secured entry, private outdoor spaces in select units, and an on-site laundry
  • 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 | Income-producing property with meaningful upside

OVERVIEW

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. All 11 Units are tenant occupied. Please do not walk on the property, do not disturb or engage tenants regarding the property. Drive by only, tenants are not aware of the sale, direct all questions to agent. For more information and to obtain a full marketing package (including rent roll, income/expense breakdown), please call/text/email the agent.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$275 USD /SF

# OF UNITS

11

PRICE/UNIT

$263,636

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

11 Units | Montebello | 4 of 6 Listings

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,404 SF

ZONING

MNR3YY

APN/PARCEL ID

6349-022-045

ASK ABOUT THIS PROPERTY

Shant SherbetdjianRE/MAX Commercial & Investment RealtyMore Info
626-657-8150

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Shant SherbetdjianRE/MAX Commercial & Investment RealtyMore Info
626-657-8150

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.