We are pleased to present for sale Property 1 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.
Property Details
Price:
$2,900,000
MLS #:
26698721
Status:
Active
Beds:
22
Baths:
22
Type:
Single Family
Neighborhood:
674montebello
Listed Date:
Apr 13, 2026
Finished Sq Ft:
10,556
Total Sq Ft:
10,556
Lot Size:
16,418 sqft / 0.38 acres (approx)
Year Built:
1962
See this Listing
Schools
Interior
Laundry Features
SEE
Levels
U
Exterior
Parking Spots
11
Parking Total
11
Financial
Map
Community
- Address500 S 6th ST Montebello CA
- CityMontebello
- CountyLos Angeles
- Zip Code90640
Subdivisions in Montebello
Market Summary
Current real estate data for Single Family in Montebello as of Apr 16, 2026
83
Single Family Listed
64
Avg DOM
343
Avg $ / SqFt
$664,276
Avg List Price
Property Summary
- 500 S 6th ST Montebello CA is a Single Family for sale in Montebello, CA, 90640. It is listed for $2,900,000 and features 22 beds, 22 baths, and has approximately 10,556 square feet of living space, and was originally constructed in 1962. The current price per square foot is $275. The average price per square foot for Single Family listings in Montebello is $343. The average listing price for Single Family in Montebello is $664,276.
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