500 S 6th ST
Montebello, CA, 90640
$2,638,000
22 Beds
22 Baths
10,556 SqFt
0.38 Acres
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MLS #26698721 image #0
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 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 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.

Property Details

Price:
$2,638,000
MLS #:
26698721
Status:
Pending
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
674 – Montebello674montebello

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Schools

Interior

Laundry Features
See Remarks
Levels
Two

Exterior

Covered Spaces
7
Open Parking Spaces
4
Open Parking YN
1
Parking Features
Carport, Open
Parking Spots
11
Parking Total
11
Stories
2

Financial

Gross Operating Income
$230,472
Net Operating Income
$156,406

Map

Community

Market Summary

Current real estate data for Single Family in Montebello as of Oct 20, 2026
37
Single Family Listed
70
Avg DOM
494
Avg $ / SqFt
$1,202,999
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 $2,638,000 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 $250. The average price per square foot for Single Family listings in Montebello is $494. The average listing price for Single Family in Montebello is $1,202,999.

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500 S 6th ST
Montebello, CA